Raymond James & Associates Reduces Stock Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Raymond James & Associates lessened its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSGFree Report) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,530 shares of the company’s stock after selling 9,494 shares during the period. Raymond James & Associates’ holdings in The Ensign Group were worth $13,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in shares of The Ensign Group by 11.4% in the 3rd quarter. Wellington Management Group LLP now owns 295,716 shares of the company’s stock valued at $27,481,000 after buying an additional 30,184 shares during the period. Rhumbline Advisers boosted its position in The Ensign Group by 24.9% in the 3rd quarter. Rhumbline Advisers now owns 201,143 shares of the company’s stock worth $18,692,000 after purchasing an additional 40,050 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its position in The Ensign Group by 8.0% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 12,376 shares of the company’s stock worth $1,150,000 after purchasing an additional 914 shares in the last quarter. Deutsche Bank AG grew its stake in shares of The Ensign Group by 17.4% during the 3rd quarter. Deutsche Bank AG now owns 31,050 shares of the company’s stock worth $2,885,000 after purchasing an additional 4,593 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of The Ensign Group during the 3rd quarter valued at approximately $2,520,000. 96.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at The Ensign Group

In other news, Chairman Christopher R. Christensen sold 10,800 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $117.56, for a total value of $1,269,648.00. Following the completion of the sale, the chairman now directly owns 147,400 shares in the company, valued at $17,328,344. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, VP Beverly B. Wittekind sold 10,000 shares of The Ensign Group stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $121.65, for a total transaction of $1,216,500.00. Following the transaction, the vice president now owns 37,912 shares in the company, valued at $4,611,994.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Christopher R. Christensen sold 10,800 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $117.56, for a total value of $1,269,648.00. Following the completion of the sale, the chairman now owns 147,400 shares of the company’s stock, valued at $17,328,344. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,782 shares of company stock worth $10,048,943. Corporate insiders own 4.40% of the company’s stock.

The Ensign Group Stock Up 0.3 %

ENSG stock opened at $121.34 on Thursday. The Ensign Group, Inc. has a 52 week low of $87.14 and a 52 week high of $127.57. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.10. The firm has a 50-day simple moving average of $121.62 and a 200-day simple moving average of $110.64. The stock has a market capitalization of $6.90 billion, a P/E ratio of 33.15, a P/E/G ratio of 1.67 and a beta of 0.94.

The Ensign Group (NASDAQ:ENSGGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The company reported $1.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.17. The company had revenue of $980.38 million for the quarter, compared to analysts’ expectations of $975.13 million. The Ensign Group had a return on equity of 17.84% and a net margin of 5.61%. Equities analysts forecast that The Ensign Group, Inc. will post 4.96 earnings per share for the current fiscal year.

The Ensign Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Sunday, March 31st will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend is Wednesday, March 27th. The Ensign Group’s dividend payout ratio is currently 6.56%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Oppenheimer increased their price target on shares of The Ensign Group from $127.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Royal Bank of Canada increased their target price on shares of The Ensign Group from $112.00 to $133.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, The Ensign Group has an average rating of “Moderate Buy” and a consensus target price of $119.20.

Read Our Latest Report on ENSG

The Ensign Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for The Ensign Group (NASDAQ:ENSG)

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