Tower Research Capital LLC TRC trimmed its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 76.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,435 shares of the company's stock after selling 14,093 shares during the quarter. Tower Research Capital LLC TRC's holdings in The Ensign Group were worth $589,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. MetLife Investment Management LLC lifted its stake in The Ensign Group by 63.7% in the fourth quarter. MetLife Investment Management LLC now owns 64,538 shares of the company's stock worth $8,575,000 after acquiring an additional 25,119 shares during the period. Forum Financial Management LP boosted its stake in shares of The Ensign Group by 5.8% during the fourth quarter. Forum Financial Management LP now owns 1,524 shares of the company's stock valued at $202,000 after purchasing an additional 84 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of The Ensign Group by 147.0% during the fourth quarter. Marshall Wace LLP now owns 39,897 shares of the company's stock valued at $5,301,000 after purchasing an additional 23,742 shares in the last quarter. Wasatch Advisors LP raised its stake in The Ensign Group by 4.8% in the fourth quarter. Wasatch Advisors LP now owns 3,497,137 shares of the company's stock worth $464,630,000 after buying an additional 159,691 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in The Ensign Group by 2.4% in the fourth quarter. NewEdge Advisors LLC now owns 22,818 shares of the company's stock worth $3,032,000 after buying an additional 524 shares in the last quarter. Institutional investors own 96.12% of the company's stock.
The Ensign Group Stock Up 3.3 %
NASDAQ ENSG traded up $4.21 during trading on Friday, hitting $132.32. The company's stock had a trading volume of 493,804 shares, compared to its average volume of 430,768. The Ensign Group, Inc. has a fifty-two week low of $115.38 and a fifty-two week high of $158.45. The company has a market cap of $7.63 billion, a PE ratio of 25.89, a P/E/G ratio of 1.52 and a beta of 0.91. 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 business's 50 day simple moving average is $128.42 and its 200-day simple moving average is $136.13.
The Ensign Group (NASDAQ:ENSG - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.52 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 analysts' expectations of $1.17 billion. The Ensign Group had a net margin of 6.99% and a return on equity of 17.07%. The Ensign Group's revenue for the quarter was up 16.1% on a year-over-year basis. During the same period last year, the business earned $1.30 EPS. 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 company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were given 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 4.73%.
Insider Buying and Selling
In related news, Director Daren Shaw sold 2,000 shares of the company's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $129.66, for a total value of $259,320.00. Following the sale, the director now owns 26,325 shares in the company, valued at $3,413,299.50. This represents a 7.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barry M. Smith sold 700 shares of the firm's stock in a transaction that occurred 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 directly owns 30,052 shares of the company's stock, 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. Insiders sold 42,486 shares of company stock worth $6,251,714 in the last 90 days. Insiders own 3.90% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on ENSG. 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. Truist Financial decreased their price target on shares of The Ensign Group from $170.00 to $155.00 and set a "hold" rating for the company in a research report on Monday, January 6th. Finally, Stephens reaffirmed an "overweight" rating and issued a $155.00 price objective on shares of The Ensign Group in a research report on Thursday, February 6th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $163.50.
View Our Latest Stock Report on The Ensign Group
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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