T. Rowe Price Investment Management Inc. lowered its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 22.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 686,533 shares of the company's stock after selling 194,992 shares during the period. T. Rowe Price Investment Management Inc. owned 1.19% of The Ensign Group worth $91,213,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ENSG. Synovus Financial Corp increased its holdings in shares of The Ensign Group by 90.2% in the 3rd quarter. Synovus Financial Corp now owns 14,618 shares of the company's stock worth $2,102,000 after purchasing an additional 6,931 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of 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 buying an additional 78,570 shares during the last quarter. Pacer Advisors Inc. purchased a new position in shares of The Ensign Group in the 4th quarter worth $1,099,000. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of The Ensign Group by 10.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 130,047 shares of the company's stock worth $17,278,000 after buying an additional 11,830 shares during the last quarter. Finally, Fox Run Management L.L.C. boosted its stake in shares of The Ensign Group by 339.6% in the 4th quarter. Fox Run Management L.L.C. now owns 10,305 shares of the company's stock worth $1,369,000 after buying an additional 7,961 shares during the last quarter. Institutional investors own 96.12% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on ENSG. Truist Financial dropped their price target on The Ensign Group from $170.00 to $155.00 and set a "hold" rating on the stock in a research note on Monday, January 6th. Stephens reiterated an "overweight" rating and set a $155.00 target price on shares of The Ensign Group in a research report on Thursday, February 6th. Finally, Macquarie lifted their target price on The Ensign Group from $165.00 to $166.00 and gave the company an "outperform" rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.17.
Read Our Latest Stock Report on The Ensign Group
Insider Transactions at The Ensign Group
In other news, Director Barry M. Smith sold 700 shares of the firm's 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 transaction, the director now owns 30,052 shares in the company, 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 filing with the SEC, which is accessible through this link. Also, Director Daren Shaw sold 2,000 shares of the firm's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $129.66, for a total value of $259,320.00. Following the transaction, the director now owns 26,325 shares in the company, valued at approximately $3,413,299.50. This represents a 7.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,486 shares of company stock worth $6,251,714. 3.90% of the stock is currently owned by insiders.
The Ensign Group Trading Down 0.8 %
ENSG traded down $1.04 during trading on Thursday, reaching $127.95. The company had a trading volume of 79,341 shares, compared to its average volume of 429,662. The stock has a market cap of $7.37 billion, a P/E ratio of 25.04, a PEG ratio of 1.52 and a beta of 0.91. The business has a 50 day simple moving average of $128.51 and a 200-day simple moving average of $136.57. The Ensign Group, Inc. has a 52 week low of $113.27 and a 52 week 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 Ensign Group (NASDAQ:ENSG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.02. The company had revenue of $1.17 billion during 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 Ensign Group's revenue was up 16.1% on a year-over-year basis. During the same period last year, the company earned $1.30 earnings per share. On average, equities analysts anticipate that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.
The Ensign Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a dividend of $0.0625 per share. The ex-dividend date was Monday, March 31st. This represents a $0.25 annualized dividend and a dividend yield of 0.20%. The Ensign Group's dividend payout ratio (DPR) is 4.73%.
The Ensign Group Profile
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Free Report)
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.
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