Point72 Asia Singapore Pte. Ltd. Invests $516,000 in The Ensign Group, Inc. (NASDAQ:ENSG)

Point72 Asia Singapore Pte. Ltd. bought a new stake in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 3,882 shares of the company's stock, valued at approximately $516,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in The Ensign Group during the fourth quarter valued at about $90,747,000. Raymond James Financial Inc. bought a new stake in The Ensign Group during the 4th quarter valued at approximately $36,167,000. Northern Trust Corp grew its holdings in The Ensign Group by 26.7% in the 4th quarter. Northern Trust Corp now owns 937,930 shares of the company's stock valued at $124,613,000 after buying an additional 197,865 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in The Ensign Group in the 4th quarter valued at approximately $22,777,000. Finally, Wasatch Advisors LP increased its position in The Ensign Group by 4.8% in the 4th quarter. Wasatch Advisors LP now owns 3,497,137 shares of the company's stock worth $464,630,000 after buying an additional 159,691 shares during the period. 96.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $129.15, for a total transaction of $90,405.00. Following the completion of the transaction, the director now directly owns 30,052 shares of the company's stock, valued at approximately $3,881,215.80. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Beverly B. Wittekind sold 3,539 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $150.00, for a total transaction of $530,850.00. Following the completion of the sale, the vice president now owns 39,209 shares in the company, valued at $5,881,350. This represents a 8.28% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,238 shares of company stock worth $912,050. Company insiders own 3.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ENSG. Stephens reissued an "overweight" rating and issued a $155.00 price objective on shares of The Ensign Group in a research report on Thursday, February 6th. Macquarie cut their target price on shares of The Ensign Group from $159.00 to $156.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, The Ensign Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $163.50.

The Ensign Group Stock Performance

ENSG stock traded down $3.61 during midday trading on Wednesday, hitting $145.55. The stock had a trading volume of 75,048 shares, compared to its average volume of 441,512. The Ensign Group, Inc. has a 52 week low of $116.23 and a 52 week high of $158.45. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.08. The stock has a 50-day simple moving average of $131.31 and a 200 day simple moving average of $135.38. The firm has a market capitalization of $8.37 billion, a price-to-earnings ratio of 28.56, a P/E/G ratio of 1.52 and a beta of 1.03.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.02. The Ensign Group had a net margin of 6.99% and a return on equity of 17.07%. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the prior year, the company posted $1.30 EPS. The business's revenue was up 16.1% on a year-over-year basis. As a group, equities research analysts anticipate 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 was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend was Monday, March 31st. The Ensign Group's payout ratio is 4.73%.

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.