The Ensign Group, Inc. (NASDAQ:ENSG) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 1.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,093 shares of the company’s stock after selling 383 shares during the quarter. HighTower Advisors LLC owned about 0.06% of The Ensign Group worth $4,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ENSG. FMR LLC grew its holdings in shares of The Ensign Group by 42.3% during the third quarter. FMR LLC now owns 1,995,971 shares of the company’s stock worth $287,061,000 after buying an additional 593,779 shares in the last quarter. Geode Capital Management LLC grew its stake in The Ensign Group by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,363,822 shares of the company’s stock worth $196,181,000 after acquiring an additional 66,314 shares during the period. Crewe Advisors LLC raised its holdings in The Ensign Group by 0.9% in the 3rd quarter. Crewe Advisors LLC now owns 1,110,692 shares of the company’s stock valued at $159,740,000 after acquiring an additional 10,221 shares during the last quarter. Copeland Capital Management LLC raised its holdings in The Ensign Group by 0.8% in the 4th quarter. Copeland Capital Management LLC now owns 944,077 shares of the company’s stock valued at $125,430,000 after acquiring an additional 7,542 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of The Ensign Group by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 800,606 shares of the company’s stock worth $115,143,000 after purchasing an additional 23,381 shares during the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.

Insider Activity

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $129.15, for a total value of $90,405.00. Following the completion of the sale, the director now owns 30,052 shares of the company’s stock, valued at $3,881,215.80. This trade represents a 2.28 % decrease in their ownership of the stock. 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 business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $129.66, for a total transaction of $259,320.00. Following the transaction, the director now directly owns 26,325 shares in the company, 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 worth $6,345,115. 3.90% of the stock is currently owned by corporate insiders.

The Ensign Group Trading Up 0.9 %

Shares of ENSG stock opened at $130.79 on Thursday. The Ensign Group, Inc. has a fifty-two week low of $113.27 and a fifty-two week high of $158.45. The firm’s 50 day moving average price is $132.98 and its two-hundred day moving average price is $141.11. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 1.52 and a beta of 0.98. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.08.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Macquarie upped their target price on The Ensign Group from $165.00 to $166.00 and gave the company an “outperform” rating in a research note on Tuesday, February 4th. Stephens reiterated an “overweight” rating and set a $155.00 price objective on shares of The Ensign Group in a report on Thursday, February 6th. UBS Group started coverage on shares of The Ensign Group in a research report on Thursday, November 21st. They issued a “buy” rating and a $175.00 target price on the stock. 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 report 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. According to MarketBeat, The Ensign Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.17.

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.