Aquatic Capital Management LLC Has $498,000 Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Aquatic Capital Management LLC lowered its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 38.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,752 shares of the company's stock after selling 2,348 shares during the period. Aquatic Capital Management LLC's holdings in The Ensign Group were worth $498,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ENSG. Retirement Wealth Solutions LLC bought a new stake in shares of The Ensign Group in the fourth quarter worth about $25,000. Avior Wealth Management LLC increased its stake in The Ensign Group by 190.1% during the 4th quarter. Avior Wealth Management LLC now owns 206 shares of the company's stock worth $27,000 after purchasing an additional 135 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in The Ensign Group by 150.6% during the 4th quarter. Venturi Wealth Management LLC now owns 208 shares of the company's stock worth $28,000 after buying an additional 125 shares during the period. CBIZ Investment Advisory Services LLC raised its holdings in The Ensign Group by 38.8% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 354 shares of the company's stock worth $47,000 after buying an additional 99 shares during the period. Finally, Asset Planning Inc bought a new position in The Ensign Group in the fourth quarter valued at approximately $80,000. Institutional investors and hedge funds own 96.12% of the company's stock.

Insider Activity at The Ensign Group

In other news, Chairman Christopher R. Christensen sold 39,086 shares of The Ensign Group stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $148.52, for a total value of $5,805,052.72. Following the completion of the transaction, the chairman now owns 12,539 shares of the company's stock, valued at $1,862,292.28. This trade represents a 75.71 % decrease in their position. The sale 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 business's stock in a transaction dated 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 $3,881,215.80. This represents a 2.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,786 shares of company stock valued at $6,154,778. 3.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ENSG shares. Truist Financial dropped their price objective on shares of The Ensign Group from $170.00 to $155.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Stephens reissued an "overweight" rating and issued a $155.00 price target on shares of The Ensign Group in a research note on Thursday, February 6th. Finally, Macquarie cut their price target on The Ensign Group from $159.00 to $156.00 and set an "outperform" rating on the stock in a report on Friday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, The Ensign Group has an average rating of "Moderate Buy" and an average target price of $163.50.

The Ensign Group Stock Down 0.4 %

NASDAQ:ENSG traded down $0.54 on Monday, hitting $131.78. 456,919 shares of the company's stock were exchanged, compared to its average volume of 430,872. The firm has a 50-day moving average price of $128.42 and a 200-day moving average price of $136.13. The Ensign Group, Inc. has a 52 week low of $115.38 and a 52 week 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 cap of $7.59 billion, a P/E ratio of 25.79, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last released its 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 Ensign Group had a return on equity of 17.07% and a net margin of 6.99%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. The Ensign Group's revenue was up 16.1% on a year-over-year basis. As a group, analysts expect that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

The Ensign Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.19%. The ex-dividend date was Monday, March 31st. The Ensign Group's payout ratio is presently 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.