Corient Private Wealth LLC Increases Stock Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Corient Private Wealth LLC increased its holdings in The Ensign Group, Inc. (NASDAQ:ENSGFree Report) by 122.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,043 shares of the company’s stock after acquiring an additional 14,314 shares during the quarter. Corient Private Wealth LLC’s holdings in The Ensign Group were worth $2,922,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ENSG. Global Retirement Partners LLC lifted its position in The Ensign Group by 43.3% during the fourth quarter. Global Retirement Partners LLC now owns 470 shares of the company’s stock valued at $55,000 after buying an additional 142 shares during the period. SRS Capital Advisors Inc. lifted its position in The Ensign Group by 333.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 576 shares of the company’s stock valued at $65,000 after buying an additional 443 shares during the period. GAMMA Investing LLC purchased a new position in The Ensign Group during the fourth quarter valued at $99,000. Knights of Columbus Asset Advisors LLC lifted its position in The Ensign Group by 8.5% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 1,353 shares of the company’s stock valued at $152,000 after buying an additional 106 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in The Ensign Group by 9.2% during the third quarter. Parkside Financial Bank & Trust now owns 1,683 shares of the company’s stock valued at $156,000 after buying an additional 142 shares during the period. Hedge funds and other institutional investors own 96.12% of the company’s stock.

Insider Buying and Selling

In related news, VP Beverly B. Wittekind sold 10,000 shares of The Ensign Group stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $121.65, for a total value of $1,216,500.00. Following the completion of the sale, the vice president now directly owns 37,912 shares in the company, valued at approximately $4,611,994.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Ann Scott Blouin sold 350 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $116.47, for a total transaction of $40,764.50. Following the completion of the sale, the director now owns 20,002 shares of the company’s stock, valued at approximately $2,329,632.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Beverly B. Wittekind sold 10,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $121.65, for a total transaction of $1,216,500.00. Following the sale, the vice president now directly owns 37,912 shares of the company’s stock, valued at approximately $4,611,994.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,813 shares of company stock worth $2,024,703. 3.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ENSG shares. Stephens reissued an “overweight” rating and set a $135.00 price objective on shares of The Ensign Group in a research report on Tuesday, April 23rd. Oppenheimer lifted their price target on The Ensign Group from $130.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Finally, Royal Bank of Canada lifted their price target on The Ensign Group from $112.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $124.60.

Check Out Our Latest Analysis on ENSG

The Ensign Group Price Performance

ENSG opened at $116.75 on Thursday. The stock has a 50-day moving average price of $119.52 and a 200-day moving average price of $116.92. 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 firm has a market cap of $6.65 billion, a PE ratio of 30.72, a P/E/G ratio of 1.62 and a beta of 0.95. The Ensign Group, Inc. has a 1 year low of $87.14 and a 1 year high of $127.57.

The Ensign Group (NASDAQ:ENSGGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported $1.19 EPS for the quarter, hitting the consensus estimate of $1.19. The Ensign Group had a return on equity of 17.60% and a net margin of 5.67%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. Sell-side analysts predict that The Ensign Group, Inc. will post 4.96 earnings per share for the current fiscal year.

The Ensign Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Sunday, March 31st were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.24 annualized dividend and a yield of 0.21%. The Ensign Group’s payout ratio is 6.32%.

About The Ensign Group

(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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