Hood River Capital Management LLC Boosts Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Hood River Capital Management LLC raised its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 58.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 304,309 shares of the company's stock after purchasing an additional 112,481 shares during the period. Hood River Capital Management LLC owned 0.53% of The Ensign Group worth $40,430,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ENSG. Synovus Financial Corp boosted its position in The Ensign Group by 90.2% during the third quarter. Synovus Financial Corp now owns 14,618 shares of the company's stock worth $2,102,000 after acquiring an additional 6,931 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in The Ensign Group by 26.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 379,608 shares of the company's stock worth $54,595,000 after purchasing an additional 78,570 shares in the last quarter. Pacer Advisors Inc. acquired a new position in shares of The Ensign Group during the 4th quarter worth approximately $1,099,000. Fort Washington Investment Advisors Inc. OH grew its position in shares of The Ensign Group by 10.0% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 130,047 shares of the company's stock valued at $17,278,000 after purchasing an additional 11,830 shares in the last quarter. Finally, Fox Run Management L.L.C. increased its holdings in shares of The Ensign Group by 339.6% in the fourth quarter. Fox Run Management L.L.C. now owns 10,305 shares of the company's stock valued at $1,369,000 after purchasing an additional 7,961 shares during the last quarter. Institutional investors and hedge funds own 96.12% of the company's stock.

The Ensign Group Trading Up 0.0 %

NASDAQ ENSG traded up $0.04 during trading on Monday, hitting $126.08. The stock had a trading volume of 141,466 shares, compared to its average volume of 428,808. The company has a market capitalization of $7.27 billion, a PE ratio of 24.62, a PEG ratio of 1.52 and a beta of 0.91. The Ensign Group, Inc. has a twelve month low of $113.27 and a twelve month high of $158.45. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average price of $128.45 and a 200 day moving average price of $136.82.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.47 by ($0.11). The Ensign Group had a return on equity of 17.07% and a net margin of 6.99%. As a group, equities research analysts forecast that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

The Ensign Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date is Monday, March 31st. The Ensign Group's dividend payout ratio is presently 4.89%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Macquarie boosted their price objective on The Ensign Group from $165.00 to $166.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 4th. Stephens restated an "overweight" rating and issued a $155.00 target price on shares of The Ensign Group in a research report on Thursday, February 6th. Finally, Truist Financial lowered their price target on The Ensign Group from $170.00 to $155.00 and set a "hold" rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $165.17.

Insider Activity at The Ensign Group

In other news, Director Barry M. Smith sold 700 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $138.48, for a total value of $96,936.00. Following the sale, the director now directly owns 30,752 shares in the company, valued at approximately $4,258,536.96. This trade represents a 2.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Christopher R. Christensen sold 39,086 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $148.52, for a total transaction of $5,805,052.72. Following the transaction, the chairman now owns 12,539 shares of the company's stock, valued at approximately $1,862,292.28. The trade was a 75.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,486 shares of company stock valued at $6,251,714 over the last 90 days. 3.90% of the stock is owned by corporate insiders.

The Ensign Group Profile

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.