Amalgamated Bank Lowers Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Amalgamated Bank trimmed its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 2.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,202 shares of the company’s stock after selling 483 shares during the quarter. Amalgamated Bank’s holdings in The Ensign Group were worth $2,128,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ENSG. Opal Wealth Advisors LLC acquired a new stake in The Ensign Group during the second quarter valued at $31,000. EntryPoint Capital LLC acquired a new stake in shares of The Ensign Group during the 1st quarter valued at about $34,000. Scarborough Advisors LLC purchased a new position in shares of The Ensign Group in the 4th quarter valued at about $35,000. LRI Investments LLC acquired a new position in The Ensign Group in the 1st quarter worth about $45,000. Finally, YHB Investment Advisors Inc. purchased a new position in The Ensign Group during the first quarter worth approximately $50,000. 96.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ENSG. Truist Financial boosted their price objective on The Ensign Group from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Macquarie began coverage on shares of The Ensign Group in a research report on Friday, June 28th. They set an “outperform” rating and a $134.00 price objective for the company. Finally, Oppenheimer lifted their target price on shares of The Ensign Group from $155.00 to $165.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $139.50.

The Ensign Group Trading Up 0.3 %

Shares of ENSG stock opened at $152.24 on Wednesday. The Ensign Group, Inc. has a fifty-two week low of $90.00 and a fifty-two week high of $154.93. The firm has a market capitalization of $8.67 billion, a P/E ratio of 40.06, a PEG ratio of 2.01 and a beta of 0.96. The stock’s fifty day moving average is $145.10 and its two-hundred day moving average is $129.68. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.53 and a current ratio of 1.53.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.02. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The Ensign Group’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.08 earnings per share. Research analysts expect that The Ensign Group, Inc. will post 4.99 earnings per share for the current fiscal year.

The Ensign Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.16%. The Ensign Group’s dividend payout ratio is presently 6.32%.

Insider Buying and Selling

In other The Ensign Group news, CEO Barry Port sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $140.00, for a total value of $420,000.00. Following the completion of the sale, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $7,520,240. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of The Ensign Group stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $141.71, for a total transaction of $283,420.00. Following the transaction, the director now directly owns 29,125 shares of the company’s stock, valued at $4,127,303.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Barry Port sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $140.00, for a total transaction of $420,000.00. Following the completion of the transaction, the chief executive officer now owns 53,716 shares in the company, valued at $7,520,240. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,736 shares of company stock worth $3,491,039. 3.90% of the stock is owned by corporate insiders.

About The Ensign Group

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.