The Ensign Group, Inc. (NASDAQ:ENSG) Shares Bought by Raymond James & Associates

Posted by Defense World Staff on Jul 5th, 2023

Raymond James & Associates raised its holdings in The Ensign Group, Inc. (NASDAQ:ENSG – Free Report) by 4.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 128,889 shares of the company’s stock after acquiring an additional 5,757 shares during the quarter. Raymond James & Associates owned 0.23% of The Ensign Group worth $12,314,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. State of Alaska Department of Revenue raised its stake in shares of The Ensign Group by 0.7% during the 4th quarter. State of Alaska Department of Revenue now owns 38,579 shares of the company’s stock worth $3,649,000 after buying an additional 279 shares during the last quarter. Moody National Bank Trust Division acquired a new position in shares of The Ensign Group during the 4th quarter worth $749,000. Sei Investments Co. raised its stake in shares of The Ensign Group by 7.5% during the 4th quarter. Sei Investments Co. now owns 195,214 shares of the company’s stock worth $18,469,000 after buying an additional 13,619 shares during the last quarter. Lisanti Capital Growth LLC acquired a new position in shares of The Ensign Group during the 4th quarter worth $967,000. Finally, Arizona State Retirement System raised its stake in shares of The Ensign Group by 3.5% during the 4th quarter. Arizona State Retirement System now owns 14,821 shares of the company’s stock worth $1,402,000 after buying an additional 499 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ENSG shares. Royal Bank of Canada lifted their price target on The Ensign Group from $102.00 to $108.00 in a research note on Monday, May 1st. Truist Financial lifted their price target on The Ensign Group from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Thursday, April 13th. Finally, StockNews.com started coverage on The Ensign Group in a research note on Thursday, May 18th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.80.

Insider Buying and Selling at The Ensign Group

In other The Ensign Group news, CFO Suzanne D. Snapper sold 33,007 shares of The Ensign Group stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $101.50, for a total value of $3,350,210.50. Following the completion of the sale, the chief financial officer now owns 248,877 shares in the company, valued at approximately $25,261,015.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Suzanne D. Snapper sold 33,007 shares of The Ensign Group stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $101.50, for a total value of $3,350,210.50. Following the transaction, the chief financial officer now directly owns 248,877 shares of the company’s stock, valued at approximately $25,261,015.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daren Shaw sold 1,250 shares of The Ensign Group stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $91.33, for a total value of $114,162.50. Following the completion of the transaction, the director now directly owns 35,500 shares in the company, valued at $3,242,215. The disclosure for this sale can be found here. Insiders sold 103,731 shares of company stock worth $10,291,578 in the last 90 days. 4.40% of the stock is owned by company insiders.

The Ensign Group Trading Down 1.6 %

The Ensign Group stock opened at $93.89 on Wednesday. The stock has a market cap of $5.26 billion, a PE ratio of 22.84, a P/E/G ratio of 1.46 and a beta of 1.00. The stock has a 50-day moving average price of $92.92 and a 200 day moving average price of $93.15. The Ensign Group, Inc. has a 52 week low of $71.72 and a 52 week high of $102.26. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.11.

The Ensign Group (NASDAQ:ENSG – Free Report) last posted its quarterly earnings data on Wednesday, April 26th. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. The firm had revenue of $886.84 million during the quarter, compared to analysts’ expectations of $846.50 million. The Ensign Group had a return on equity of 18.96% and a net margin of 7.32%. Equities research analysts predict that The Ensign Group, Inc. will post 4.36 earnings per share for the current fiscal year.

The Ensign Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, June 30th will be issued a $0.058 dividend. This represents a $0.23 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, June 29th. The Ensign Group’s dividend payout ratio (DPR) is 5.60%.

The Ensign Group Company Profile

(Free Report)

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services, as well as other ancillary services. It operates through Skilled Services and Standard Bearer segments. 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.