Ensign Peak Advisors Inc Has $2.37 Million Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Ensign Peak Advisors Inc lowered its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 30.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,119 shares of the company’s stock after selling 8,450 shares during the quarter. Ensign Peak Advisors Inc’s holdings in The Ensign Group were worth $2,365,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Miller Howard Investments Inc. NY raised its holdings in shares of The Ensign Group by 2.4% during the second quarter. Miller Howard Investments Inc. NY now owns 3,018 shares of the company’s stock valued at $373,000 after acquiring an additional 72 shares during the period. Farther Finance Advisors LLC increased its stake in The Ensign Group by 0.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,908 shares of the company’s stock valued at $982,000 after buying an additional 72 shares during the period. Blue Trust Inc. lifted its position in The Ensign Group by 21.2% in the 2nd quarter. Blue Trust Inc. now owns 429 shares of the company’s stock worth $53,000 after buying an additional 75 shares in the last quarter. Pitcairn Co. boosted its stake in shares of The Ensign Group by 1.6% during the 1st quarter. Pitcairn Co. now owns 5,684 shares of the company’s stock valued at $707,000 after buying an additional 87 shares during the period. Finally, Harfst & Associates Inc. grew its holdings in shares of The Ensign Group by 0.7% during the 2nd quarter. Harfst & Associates Inc. now owns 12,221 shares of the company’s stock valued at $1,512,000 after acquiring an additional 89 shares in the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.

Insider Activity at The Ensign Group

In related news, CEO Barry Port sold 5,618 shares of The Ensign Group 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 transaction, the chief executive officer now owns 53,716 shares in the company, valued at approximately $8,057,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Daren Shaw sold 2,000 shares of The Ensign Group stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $141.71, for a total value of $283,420.00. Following the transaction, the director now owns 29,125 shares in the company, valued at approximately $4,127,303.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Barry Port sold 5,618 shares of The Ensign Group stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.00, for a total transaction of $842,700.00. Following the completion of the transaction, the chief executive officer now owns 53,716 shares in the company, valued at approximately $8,057,400. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,736 shares of company stock worth $3,491,039. 3.90% of the stock is owned by insiders.

The Ensign Group Trading Down 2.3 %

The Ensign Group stock opened at $144.11 on Friday. The Ensign Group, Inc. has a one year low of $90.00 and a one year high of $154.93. The company’s fifty day moving average price is $145.73 and its two-hundred day moving average price is $130.09. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market capitalization of $8.20 billion, a price-to-earnings ratio of 37.92, a PEG ratio of 2.03 and a beta of 0.96.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings data 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 business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same period last year, the business earned $1.08 EPS. 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.17%. The ex-dividend date is Monday, September 30th. The Ensign Group’s dividend payout ratio is currently 6.32%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ENSG. Macquarie assumed coverage on The Ensign Group in a report on Friday, June 28th. They set an “outperform” rating and a $134.00 price objective for the company. Oppenheimer raised their price target on The Ensign Group from $155.00 to $165.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, Truist Financial boosted their price target on The Ensign Group from $150.00 to $160.00 and gave the company a “hold” rating in a research note 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $139.50.

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.