Tower Research Capital LLC TRC Boosts Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Tower Research Capital LLC TRC boosted its position in The Ensign Group, Inc. (NASDAQ:ENSGFree Report) by 3,885.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,096 shares of the company’s stock after buying an additional 17,642 shares during the period. Tower Research Capital LLC TRC’s holdings in The Ensign Group were worth $2,031,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baron Wealth Management LLC grew its stake in shares of The Ensign Group by 4.5% during the 4th quarter. Baron Wealth Management LLC now owns 2,314 shares of the company’s stock worth $260,000 after purchasing an additional 100 shares during the period. Prime Capital Investment Advisors LLC grew its stake in shares of The Ensign Group by 1.8% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 5,838 shares of the company’s stock worth $655,000 after purchasing an additional 102 shares during the period. Knights of Columbus Asset Advisors LLC grew its stake in shares of The Ensign Group by 8.5% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 1,353 shares of the company’s stock worth $152,000 after purchasing an additional 106 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of The Ensign Group by 1.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,945 shares of the company’s stock worth $1,228,000 after purchasing an additional 110 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of The Ensign Group by 9.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,683 shares of the company’s stock worth $156,000 after purchasing an additional 142 shares during the period. 96.12% of the stock is currently owned by hedge funds and other institutional investors.

The Ensign Group Price Performance

The Ensign Group stock opened at $119.03 on Monday. The Ensign Group, Inc. has a 52 week low of $88.79 and a 52 week high of $127.57. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.09. The firm’s 50-day simple moving average is $118.81 and its 200 day simple moving average is $117.65. The firm has a market capitalization of $6.78 billion, a PE ratio of 31.32, a P/E/G ratio of 1.60 and a beta of 0.99.

The Ensign Group (NASDAQ:ENSGGet Free Report) last released its earnings results on Wednesday, May 1st. The company reported $1.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.19. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. The Ensign Group had a net margin of 5.67% and a return on equity of 17.60%. On average, equities research analysts predict that The Ensign Group, Inc. will post 4.95 EPS for the current fiscal year.

The Ensign Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Sunday, March 31st were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.24 annualized dividend and a dividend yield of 0.20%. The Ensign Group’s payout ratio is currently 6.32%.

Insider Transactions at The Ensign Group

In related news, Director Daren Shaw sold 4,463 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $118.96, for a total transaction of $530,918.48. Following the completion of the sale, the director now owns 32,250 shares of the company’s stock, valued at approximately $3,836,460. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Daren Shaw sold 4,463 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $118.96, for a total transaction of $530,918.48. Following the completion of the sale, the director now owns 32,250 shares of the company’s stock, valued at approximately $3,836,460. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ann Scott Blouin sold 350 shares of the stock in a transaction that occurred on 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 directly owns 20,002 shares of the company’s stock, valued at approximately $2,329,632.94. The disclosure for this sale can be found here. Insiders have sold a total of 16,813 shares of company stock worth $2,024,703 in the last three months. Company insiders own 3.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ENSG. Oppenheimer upped their price target on shares of The Ensign Group from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Stephens reiterated an “overweight” rating and issued a $135.00 price objective on shares of The Ensign Group in a research report on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, The Ensign Group presently has an average rating of “Moderate Buy” and a consensus price target of $124.60.

View 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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