Proficio Capital Partners LLC Invests $3.97 Million in The Ensign Group, Inc. (NASDAQ:ENSG)

Proficio Capital Partners LLC bought a new stake in The Ensign Group, Inc. (NASDAQ:ENSG) in the fourth quarter, HoldingsChannel.com reports. The fund bought 29,894 shares of the company’s stock, valued at approximately $3,972,000.

Other large investors also recently bought and sold shares of the company. KBC Group NV grew its stake in shares of The Ensign Group by 11.8% in the 3rd quarter. KBC Group NV now owns 1,619 shares of the company’s stock worth $233,000 after buying an additional 171 shares in the last quarter. CIBC Asset Management Inc purchased a new position in The Ensign Group in the third quarter worth about $236,000. Natixis Advisors LLC increased its stake in The Ensign Group by 1.7% during the third quarter. Natixis Advisors LLC now owns 16,169 shares of the company’s stock worth $2,325,000 after acquiring an additional 272 shares during the last quarter. Mutual of America Capital Management LLC raised its position in The Ensign Group by 229.3% during the third quarter. Mutual of America Capital Management LLC now owns 30,564 shares of the company’s stock valued at $4,396,000 after purchasing an additional 21,283 shares during the period. Finally, J. W. Coons Advisors LLC lifted its stake in shares of The Ensign Group by 4.9% in the 3rd quarter. J. W. Coons Advisors LLC now owns 3,868 shares of the company’s stock valued at $556,000 after purchasing an additional 182 shares during the last quarter. Institutional investors own 96.12% of the company’s stock.

Insider Activity

In other news, Director Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $138.48, for a total value of $96,936.00. Following the transaction, the director now directly owns 30,752 shares in the company, valued at approximately $4,258,536.96. This trade represents a 2.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daren Shaw sold 2,000 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $129.66, for a total value of $259,320.00. Following the completion of the transaction, the director now directly owns 26,325 shares of the company’s stock, valued at approximately $3,413,299.50. The trade was a 7.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,186 shares of company stock valued at $6,345,115. Corporate insiders own 3.90% of the company’s stock.

The Ensign Group Stock Up 3.5 %

NASDAQ:ENSG opened at $129.82 on Tuesday. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 1.52 and a beta of 0.98. The Ensign Group, Inc. has a twelve month low of $113.27 and a twelve month high of $158.45. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.08. The stock has a fifty day simple moving average of $133.05 and a 200-day simple moving average of $141.34.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.11). The Ensign Group had a return on equity of 17.07% and a net margin of 6.99%. Analysts anticipate that The Ensign Group, Inc. will post 5.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. UBS Group assumed coverage on The Ensign Group in a research report on Thursday, November 21st. They set a “buy” rating and a $175.00 target price on the stock. Macquarie boosted their price objective on shares of The Ensign Group from $165.00 to $166.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Stephens restated an “overweight” rating and issued a $155.00 target price on shares of The Ensign Group in a report on Thursday, February 6th. Finally, Truist Financial dropped their price target on shares of The Ensign Group from $170.00 to $155.00 and set a “hold” rating for the company in a research note on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.17.

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.