Vestmark Advisory Solutions Inc. increased its holdings in The Ensign Group, Inc. (NASDAQ:ENSG – Free Report) by 3.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,519 shares of the company’s stock after acquiring an additional 145 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in The Ensign Group were worth $432,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the stock. Fortis Capital Advisors LLC bought a new stake in shares of The Ensign Group in the 4th quarter worth approximately $26,000. Natixis purchased a new position in The Ensign Group during the fourth quarter valued at $26,000. Ellevest Inc. bought a new stake in The Ensign Group in the first quarter worth $30,000. Global Retirement Partners LLC grew its position in The Ensign Group by 581.3% during the 1st quarter. Global Retirement Partners LLC now owns 327 shares of the company’s stock valued at $31,000 after purchasing an additional 279 shares during the last quarter. Finally, CI Investments Inc. increased its holdings in shares of The Ensign Group by 115.3% in the 4th quarter. CI Investments Inc. now owns 351 shares of the company’s stock worth $33,000 after purchasing an additional 188 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors.
The Ensign Group Stock Down 1.7 %
ENSG stock opened at $96.37 on Friday. The firm’s fifty day simple moving average is $93.74 and its 200-day simple moving average is $92.97. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.50 and a quick ratio of 1.50. The Ensign Group, Inc. has a 12 month low of $78.84 and a 12 month high of $102.26. The company has a market capitalization of $5.42 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 1.50 and a beta of 1.00.
The Ensign Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were paid a $0.058 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.23 annualized dividend and a dividend yield of 0.24%. The Ensign Group’s dividend payout ratio (DPR) is 5.45%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on ENSG shares. StockNews.com initiated coverage on shares of The Ensign Group in a report on Thursday. They set a “hold” rating on the stock. Stephens reissued an “overweight” rating and issued a $110.00 price objective on shares of The Ensign Group in a research note on Tuesday. Finally, Royal Bank of Canada lifted their target price on The Ensign Group from $108.00 to $114.00 and gave the stock an “outperform” rating in a report on Monday, July 31st. Two research 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 Ensign Group has an average rating of “Moderate Buy” and a consensus target price of $110.80.
Read Our Latest Analysis on ENSG
Insiders Place Their Bets
In other news, EVP Chad Keetch sold 3,413 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $98.04, for a total value of $334,610.52. Following the sale, the executive vice president now directly owns 86,191 shares of the company’s stock, valued at approximately $8,450,165.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other The Ensign Group news, EVP Chad Keetch sold 3,413 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $98.04, for a total transaction of $334,610.52. Following the completion of the transaction, the executive vice president now owns 86,191 shares in the company, valued at approximately $8,450,165.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Christopher R. Christensen sold 10,183 shares of the stock in a transaction on Friday, June 16th. The shares were sold at an average price of $95.10, for a total transaction of $968,403.30. Following the completion of the transaction, the chairman now directly owns 953,761 shares in the company, valued at $90,702,671.10. The disclosure for this sale can be found here. Insiders sold a total of 41,353 shares of company stock valued at $3,972,517 over the last quarter. 4.40% of the stock is owned by insiders.
The Ensign Group Profile
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.
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