Russell Investments Group Ltd. cut its stake in The Ensign Group, Inc. (NASDAQ:ENSG – Get Rating) by 4.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,112 shares of the company’s stock after selling 5,931 shares during the period. Russell Investments Group Ltd. owned 0.22% of The Ensign Group worth $10,990,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aptus Capital Advisors LLC boosted its stake in shares of The Ensign Group by 45.5% in the 1st quarter. Aptus Capital Advisors LLC now owns 39,141 shares of the company’s stock valued at $3,523,000 after purchasing an additional 12,234 shares during the last quarter. Advisor Group Holdings Inc. boosted its position in The Ensign Group by 1.5% during the first quarter. Advisor Group Holdings Inc. now owns 22,786 shares of the company’s stock valued at $2,041,000 after acquiring an additional 345 shares during the last quarter. Prospera Financial Services Inc grew its holdings in The Ensign Group by 1.0% during the 1st quarter. Prospera Financial Services Inc now owns 21,624 shares of the company’s stock worth $1,946,000 after acquiring an additional 219 shares during the period. Victory Capital Management Inc. raised its position in shares of The Ensign Group by 12.7% in the 1st quarter. Victory Capital Management Inc. now owns 257,734 shares of the company’s stock worth $22,983,000 after acquiring an additional 28,976 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in shares of The Ensign Group by 8,540.0% in the 1st quarter. Benjamin Edwards Inc. now owns 432 shares of the company’s stock valued at $39,000 after purchasing an additional 427 shares during the period. Institutional investors and hedge funds own 88.03% of the company’s stock.
In related news, CFO Suzanne D. Snapper sold 5,883 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $85.16, for a total transaction of $500,996.28. Following the completion of the sale, the chief financial officer now owns 208,810 shares in the company, valued at $17,782,259.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.70% of the company’s stock.
Wall Street Analyst Weigh In
ENSG has been the subject of several recent analyst reports. Royal Bank of Canada decreased their target price on The Ensign Group from $101.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday. Truist Financial lifted their price objective on shares of The Ensign Group from $85.00 to $95.00 in a research note on Wednesday.
The Ensign Group Stock Performance
NASDAQ ENSG opened at $84.87 on Friday. The company has a market cap of $4.69 billion, a P/E ratio of 23.64, a PEG ratio of 1.50 and a beta of 1.03. The company has a fifty day simple moving average of $76.92 and a 200 day simple moving average of $79.98. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.13. The Ensign Group, Inc. has a 12-month low of $68.29 and a 12-month high of $94.25.
The Ensign Group (NASDAQ:ENSG – Get Rating) last issued its quarterly earnings data on Monday, August 1st. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. The firm had revenue of $732.49 million during the quarter, compared to analysts’ expectations of $729.44 million. The Ensign Group had a net margin of 7.27% and a return on equity of 19.51%. The business’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the company earned $0.83 earnings per share. Sell-side analysts predict that The Ensign Group, Inc. will post 3.82 earnings per share for the current fiscal year.
The Ensign Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Thursday, June 30th were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 0.26%. The ex-dividend date was Wednesday, June 29th. The Ensign Group’s dividend payout ratio (DPR) is presently 6.13%.
The Ensign Group Profile
The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in two segments, Skilled Services and Real Estate. The company offers skilled services, which include short and long-term nursing care services for patients with chronic conditions, prolonged illness, and the elderly; and physical, occupational, and speech therapies and other rehabilitative and healthcare services.
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