Park Avenue Securities LLC Has $1.16 Million Stock Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Park Avenue Securities LLC trimmed its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 1.3% during the first quarter, HoldingsChannel.com reports. The fund owned 9,288 shares of the company’s stock after selling 120 shares during the period. Park Avenue Securities LLC’s holdings in The Ensign Group were worth $1,156,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Scarborough Advisors LLC acquired a new stake in The Ensign Group during the 4th quarter worth approximately $35,000. Global Retirement Partners LLC raised its holdings in The Ensign Group by 43.3% during the 4th quarter. Global Retirement Partners LLC now owns 470 shares of the company’s stock worth $55,000 after buying an additional 142 shares during the period. Assetmark Inc. raised its holdings in The Ensign Group by 1,126.8% during the 4th quarter. Assetmark Inc. now owns 503 shares of the company’s stock worth $56,000 after buying an additional 462 shares during the period. SRS Capital Advisors Inc. raised its holdings in The Ensign Group by 333.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 576 shares of the company’s stock worth $65,000 after buying an additional 443 shares during the period. Finally, TFO Wealth Partners LLC raised its holdings in The Ensign Group by 29,750.0% during the 4th quarter. TFO Wealth Partners LLC now owns 597 shares of the company’s stock worth $67,000 after buying an additional 595 shares during the period. 96.12% of the stock is currently owned by institutional investors and hedge funds.

The Ensign Group Price Performance

Shares of ENSG opened at $121.37 on Tuesday. The stock has a market capitalization of $6.91 billion, a P/E ratio of 31.94, a P/E/G ratio of 1.61 and a beta of 0.99. The Ensign Group, Inc. has a twelve month low of $88.79 and a twelve month high of $127.57. The company has a 50 day moving average of $118.91 and a 200-day moving average of $118.61. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.09.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $1.19 earnings per share for the quarter, hitting the consensus estimate of $1.19. The Ensign Group had a net margin of 5.67% and a return on equity of 17.60%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. As a group, equities research analysts forecast that The Ensign Group, Inc. will post 4.95 EPS for the current fiscal year.

The Ensign Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Sunday, June 30th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.20%. The Ensign Group’s dividend payout ratio is presently 6.32%.

Insider Activity at The Ensign Group

In related news, Director Daren Shaw sold 4,463 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $118.96, for a total value of $530,918.48. Following the completion of the transaction, the director now directly owns 32,250 shares of the company’s stock, valued at $3,836,460. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other The Ensign Group news, Director Ann Scott Blouin sold 350 shares of The Ensign Group stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $116.47, for a total transaction of $40,764.50. Following the completion of the transaction, the director now directly owns 20,002 shares of the company’s stock, valued at $2,329,632.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daren Shaw sold 4,463 shares of The Ensign Group stock in a transaction on Monday, April 15th. The stock was sold at an average price of $118.96, for a total transaction of $530,918.48. Following the transaction, the director now directly owns 32,250 shares of the company’s stock, valued at $3,836,460. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,813 shares of company stock valued at $808,203. 3.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ENSG has been the topic of several research analyst reports. Stephens restated an “overweight” rating and set a $135.00 target price on shares of The Ensign Group in a report on Tuesday, April 23rd. Oppenheimer raised their target price on shares of The Ensign Group from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, The Ensign Group presently has an average rating of “Moderate Buy” and an average target price of $124.60.

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.