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

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,882 shares of the company's stock, valued at approximately $516,000.

A number of other large investors also recently modified their holdings of the company. Retirement Wealth Solutions LLC purchased a new stake in The Ensign Group in the fourth quarter valued at $25,000. Avior Wealth Management LLC boosted its stake in shares of The Ensign Group by 190.1% in the fourth quarter. Avior Wealth Management LLC now owns 206 shares of the company's stock valued at $27,000 after buying an additional 135 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in The Ensign Group by 150.6% during the fourth quarter. Venturi Wealth Management LLC now owns 208 shares of the company's stock worth $28,000 after acquiring an additional 125 shares during the period. CBIZ Investment Advisory Services LLC increased its holdings in shares of The Ensign Group by 38.8% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 354 shares of the company's stock valued at $47,000 after purchasing an additional 99 shares in the last quarter. Finally, Asset Planning Inc acquired a new stake in shares of The Ensign Group during the 4th quarter valued at approximately $80,000. 96.12% of the stock is owned by hedge funds and other institutional investors.

The Ensign Group Stock Down 1.4%

NASDAQ:ENSG traded down $2.05 during mid-day trading on Monday, reaching $147.70. The stock had a trading volume of 607,487 shares, compared to its average volume of 442,770. The Ensign Group, Inc. has a 1-year low of $116.23 and a 1-year high of $158.45. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market capitalization of $8.49 billion, a price-to-earnings ratio of 28.90, a price-to-earnings-growth ratio of 1.52 and a beta of 1.03. The stock's 50 day simple moving average is $130.84 and its two-hundred day simple moving average is $135.29.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.02. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. The Ensign Group had a return on equity of 17.07% and a net margin of 6.99%. The business's revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the business posted $1.30 EPS. Equities analysts anticipate that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend was Monday, March 31st. The Ensign Group's dividend payout ratio is presently 4.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Stephens restated an "overweight" rating and set a $155.00 target price on shares of The Ensign Group in a research report on Thursday, February 6th. Macquarie cut their price objective on The Ensign Group from $159.00 to $156.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, The Ensign Group has a consensus rating of "Moderate Buy" and an average target price of $163.50.

Insider Buying and Selling

In other news, 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 transaction, the vice president now directly owns 39,209 shares in the company, valued at $5,881,350. The trade was a 8.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Barry M. Smith sold 700 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $129.15, for a total value of $90,405.00. Following the sale, the director now directly owns 30,052 shares of the company's stock, valued at $3,881,215.80. This trade represents a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,238 shares of company stock worth $912,050. Corporate insiders own 3.90% of the company's stock.

About The Ensign Group

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.