Engineers Gate Manager LP raised its position in The Ensign Group, Inc. (NASDAQ:ENSG – Free Report) by 618.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 31,847 shares of the company’s stock after acquiring an additional 27,416 shares during the period. Engineers Gate Manager LP owned about 0.05% of The Ensign Group worth $5,105,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Transamerica Financial Advisors LLC acquired a new stake in shares of The Ensign Group in the second quarter valued at approximately $26,000. Monetary Solutions Ltd bought a new stake in shares of The Ensign Group in the fourth quarter worth $30,000. Northwestern Mutual Wealth Management Co. boosted its holdings in The Ensign Group by 55.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 172 shares of the company’s stock worth $30,000 after purchasing an additional 61 shares during the last quarter. Bayban acquired a new position in The Ensign Group during the fourth quarter worth $31,000. Finally, Caitlin John LLC bought a new position in The Ensign Group in the second quarter valued at $31,000. Institutional investors and hedge funds own 96.12% of the company’s stock.
The Ensign Group Trading Up 0.7%
NASDAQ ENSG opened at $173.98 on Friday. The Ensign Group, Inc. has a 12 month low of $141.58 and a 12 month high of $218.00. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average of $175.25 and a 200-day moving average of $181.61. The company has a market cap of $10.14 billion, a PE ratio of 27.27, a PEG ratio of 1.64 and a beta of 0.69.
The Ensign Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were paid a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 0.1%. The ex-dividend date was Tuesday, June 30th. The Ensign Group’s dividend payout ratio (DPR) is 4.08%.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on ENSG shares. Truist Financial lifted their price target on shares of The Ensign Group from $202.00 to $207.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. Weiss Ratings downgraded shares of The Ensign Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 16th. Wall Street Zen cut The Ensign Group from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $228.00 target price on shares of The Ensign Group in a research report on Tuesday, July 28th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold 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 $216.25.
View Our Latest Analysis on ENSG
Insider Buying and Selling
In other The Ensign Group news, Director John Agwunobi sold 392 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $171.06, for a total transaction of $67,055.52. Following the transaction, the director owned 9,503 shares of the company’s stock, valued at $1,625,583.18. The trade was a 3.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.00% of the company’s stock.
The Ensign Group Company Profile
The Ensign Group, Inc (NASDAQ: ENSG) is a healthcare services company that provides post-acute and senior care through a network of independently operated subsidiaries. Its businesses primarily focus on skilled nursing, rehabilitation and transitional care for patients recovering from illness, injury or surgery, as well as long-term care for seniors and individuals with complex medical needs.
The company also operates or supports assisted living, independent living, memory care, home health and hospice services in selected markets.
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