Redwood Investments LLC Buys 9,699 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Redwood Investments LLC grew its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,916 shares of the company's stock after acquiring an additional 9,699 shares during the period. The Ensign Group comprises about 1.8% of Redwood Investments LLC's portfolio, making the stock its 12th largest holding. Redwood Investments LLC owned 0.09% of The Ensign Group worth $6,765,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of The Ensign Group by 260.3% during the 3rd quarter. Barclays PLC now owns 107,288 shares of the company's stock worth $15,430,000 after buying an additional 77,514 shares during the period. Tidal Investments LLC bought a new stake in shares of The Ensign Group during the third quarter worth $200,000. Park Avenue Securities LLC grew its stake in shares of The Ensign Group by 20.8% during the fourth quarter. Park Avenue Securities LLC now owns 10,031 shares of the company's stock worth $1,333,000 after buying an additional 1,730 shares during the last quarter. West Coast Financial LLC grew its stake in shares of The Ensign Group by 2.2% during the fourth quarter. West Coast Financial LLC now owns 34,146 shares of the company's stock worth $4,537,000 after buying an additional 748 shares during the last quarter. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of The Ensign Group during the fourth quarter worth $25,000. Institutional investors own 96.12% of the company's stock.

Insider Buying and Selling at The Ensign Group

In other news, Director Barry M. Smith sold 700 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were 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 $3,881,215.80. This represents a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.90% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages 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 note on Thursday, February 6th. Macquarie dropped their price objective on shares of The Ensign Group from $159.00 to $156.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $163.50.

The Ensign Group Stock Down 1.4%

Shares of ENSG traded down $2.05 on Monday, reaching $147.70. The company's stock had a trading volume of 607,487 shares, compared to its average volume of 442,770. 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 Ensign Group, Inc. has a twelve month low of $116.23 and a twelve month high of $158.45. The stock has a market capitalization of $8.49 billion, a PE ratio of 28.90, a PEG ratio of 1.52 and a beta of 1.03. The firm has a fifty day moving average of $130.40 and a 200-day moving average of $135.33.

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

The Ensign Group Company 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.