The Ensign Group, Inc. (NASDAQ:ENSG) CEO Sells $842,700.00 in Stock

The Ensign Group, Inc. (NASDAQ:ENSG) CEO Barry Port sold 5,618 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.00, for a total value of $842,700.00. Following the completion of the sale, the chief executive officer now owns 53,716 shares of the company’s stock, valued at $8,057,400. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Barry Port also recently made the following trade(s):

• On Thursday, August 22nd, Barry Port sold 3,500 shares of The Ensign Group stock. The stock was sold at an average price of $145.00, for a total value of $507,500.00.
• On Tuesday, August 6th, Barry Port sold 3,000 shares of The Ensign Group stock. The shares were sold at an average price of $140.00, for a total transaction of $420,000.00.

The Ensign Group Trading Up 1.2 %

Shares of The Ensign Group stock opened at $149.83 on Thursday. 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, Inc. has a 12-month low of $90.00 and a 12-month high of $151.74. The company has a market capitalization of $8.53 billion, a price-to-earnings ratio of 39.43, a PEG ratio of 2.02 and a beta of 0.99. The firm’s 50-day moving average price is $138.61 and its two-hundred day moving average price is $126.93.

The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Thursday, July 25th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.02. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the business posted $1.08 EPS. The company’s revenue was up 12.5% compared to the same quarter last year. On average, analysts forecast that The Ensign Group, Inc. will post 4.99 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Sunday, June 30th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.16%. The ex-dividend date was Friday, June 28th. The Ensign Group’s payout ratio is 6.32%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ENSG. Macquarie assumed coverage on shares of The Ensign Group in a research note on Friday, June 28th. They issued an “outperform” rating and a $134.00 price objective for the company. Truist Financial lifted their price target on shares of The Ensign Group from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, The Ensign Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.50.

Institutional Investors Weigh In On The Ensign Group

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in The Ensign Group by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 6,661,581 shares of the company’s stock worth $828,834,000 after purchasing an additional 39,695 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of The Ensign Group by 9.2% in the 4th quarter. Capital Research Global Investors now owns 2,620,360 shares of the company’s stock valued at $294,031,000 after acquiring an additional 221,838 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of The Ensign Group by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,322,526 shares of the company’s stock valued at $163,577,000 after acquiring an additional 35,862 shares in the last quarter. Crewe Advisors LLC grew its position in The Ensign Group by 3.1% during the 4th quarter. Crewe Advisors LLC now owns 1,211,171 shares of the company’s stock worth $135,905,000 after acquiring an additional 36,587 shares during the last quarter. Finally, Van Berkom & Associates Inc. increased its holdings in The Ensign Group by 2.1% in the 2nd quarter. Van Berkom & Associates Inc. now owns 877,211 shares of the company’s stock worth $108,502,000 after purchasing an additional 18,412 shares in the last quarter. 96.12% of the stock is currently owned by institutional investors and hedge funds.

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.