The Ensign Group, Inc. (NASDAQ:ENSG - Get Free Report) VP Beverly B. Wittekind sold 4,719 shares of The Ensign Group stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $155.00, for a total transaction of $731,445.00. Following the completion of the sale, the vice president now owns 38,679 shares of the company's stock, valued at $5,995,245. This represents a 10.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
The Ensign Group Stock Performance
Shares of NASDAQ:ENSG traded down $1.37 during trading on Monday, hitting $152.17. The company's stock had a trading volume of 318,212 shares, compared to its average volume of 451,392. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market cap of $8.75 billion, a price-to-earnings ratio of 28.77, a P/E/G ratio of 1.78 and a beta of 1.03. The company has a 50-day moving average of $140.99 and a 200-day moving average of $135.80. The Ensign Group, Inc. has a 12 month low of $118.73 and a 12 month high of $158.45.
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 for the quarter, topping the consensus estimate of $1.50 by $0.02. The Ensign Group had a net margin of 6.99% and a return on equity of 16.90%. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter last year, the company posted $1.30 EPS. The company's revenue was up 16.1% compared to the same quarter last year. On average, sell-side analysts expect that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.
The Ensign Group Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 1st will be paid a $0.0625 dividend. This represents a dividend yield of 0.16%. The ex-dividend date of this dividend is Monday, June 30th. The Ensign Group's dividend payout ratio (DPR) is currently 4.73%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Vontobel Holding Ltd. lifted its holdings in The Ensign Group by 61.9% during the fourth quarter. Vontobel Holding Ltd. now owns 5,552 shares of the company's stock valued at $738,000 after purchasing an additional 2,123 shares in the last quarter. Rhumbline Advisers raised its position in shares of The Ensign Group by 32.1% during the 4th quarter. Rhumbline Advisers now owns 202,398 shares of the company's stock valued at $26,891,000 after purchasing an additional 49,191 shares during the period. Principal Securities Inc. raised its position in shares of The Ensign Group by 12.7% during the 4th quarter. Principal Securities Inc. now owns 4,699 shares of the company's stock valued at $624,000 after purchasing an additional 528 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of The Ensign Group by 1.0% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 17,372 shares of the company's stock valued at $2,308,000 after buying an additional 170 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in The Ensign Group by 1.1% in the 4th quarter. Principal Financial Group Inc. now owns 152,355 shares of the company's stock worth $20,242,000 after buying an additional 1,706 shares during the period. 96.12% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, 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 report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, The Ensign Group presently has a consensus rating of "Moderate Buy" and an average price target of $163.50.
Check Out Our Latest Stock Report on ENSG
The Ensign Group Company Profile
(
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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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