Cim Investment Management Inc. Sells 768 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Cim Investment Management Inc. trimmed its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 19.2% in the second quarter, Holdings Channel reports. The fund owned 3,231 shares of the company’s stock after selling 768 shares during the period. Cim Investment Management Inc.’s holdings in The Ensign Group were worth $400,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Entropy Technologies LP acquired a new position in shares of The Ensign Group in the 1st quarter valued at approximately $792,000. Harbor Capital Advisors Inc. increased its position in shares of The Ensign Group by 294.7% during the second quarter. Harbor Capital Advisors Inc. now owns 9,726 shares of the company’s stock worth $1,203,000 after acquiring an additional 7,262 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of The Ensign Group by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 6,621,886 shares of the company’s stock worth $743,042,000 after acquiring an additional 310,182 shares during the period. UBS Group AG raised its holdings in shares of The Ensign Group by 102.9% during the fourth quarter. UBS Group AG now owns 64,828 shares of the company’s stock worth $7,274,000 after acquiring an additional 32,884 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its position in The Ensign Group by 14.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 52,221 shares of the company’s stock valued at $6,486,000 after acquiring an additional 6,583 shares in the last quarter. 96.12% of the stock is currently owned by institutional investors.

The Ensign Group Stock Performance

ENSG opened at $144.11 on Friday. The business’s 50-day simple moving average is $145.73 and its 200 day simple moving average is $130.09. The Ensign Group, Inc. has a 52-week low of $90.00 and a 52-week high of $154.93. 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 firm has a market capitalization of $8.20 billion, a PE ratio of 37.92, a PEG ratio of 2.03 and a beta of 0.96.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.32 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the business posted $1.08 EPS. The business’s revenue was up 12.5% compared to the same quarter last year. As a group, sell-side analysts expect that The Ensign Group, Inc. will post 4.99 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date is Monday, September 30th. The Ensign Group’s dividend payout ratio (DPR) is presently 6.32%.

Analyst Ratings Changes

Several research firms have issued reports on ENSG. Macquarie assumed coverage on The Ensign Group in a research note on Friday, June 28th. They issued an “outperform” rating and a $134.00 price target on the stock. Truist Financial increased their price objective on The Ensign Group from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, Oppenheimer boosted their target price on The Ensign Group from $155.00 to $165.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $139.50.

Insider Transactions at The Ensign Group

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

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.