California State Teachers Retirement System Lowers Stake in The Ensign Group, Inc. (NASDAQ:ENSG)

California State Teachers Retirement System reduced its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSGFree Report) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,028 shares of the company’s stock after selling 2,515 shares during the period. California State Teachers Retirement System owned 0.10% of The Ensign Group worth $6,624,000 at the end of the most recent reporting period.

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

The Ensign Group Stock Performance

Shares of NASDAQ ENSG opened at $119.41 on Tuesday. The firm has a 50 day moving average of $118.72 and a 200 day moving average of $117.72. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of 31.42, a price-to-earnings-growth ratio of 1.60 and a beta of 0.99. The Ensign Group, Inc. has a 12-month low of $88.79 and a 12-month high of $127.57.

The Ensign Group (NASDAQ:ENSGGet Free Report) last announced its earnings results on Wednesday, May 1st. The company reported $1.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.19. The company had revenue of $1.01 billion during 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, research analysts anticipate that The Ensign Group, Inc. will post 4.95 earnings per share for the current year.

The Ensign Group Cuts Dividend

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

Insiders Place Their Bets

In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $118.26, for a total value of $236,520.00. Following the completion of the transaction, the director now directly owns 30,250 shares in the company, valued at $3,577,365. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other The Ensign Group news, VP Beverly B. Wittekind sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $121.65, for a total value of $1,216,500.00. Following the completion of the transaction, the vice president now directly owns 37,912 shares in the company, valued at $4,611,994.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Daren Shaw sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $118.26, for a total transaction of $236,520.00. Following the transaction, the director now owns 30,250 shares of the company’s stock, valued at approximately $3,577,365. The disclosure for this sale can be found here. Insiders sold a total of 16,813 shares of company stock worth $2,024,703 over the last three months. 3.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ENSG has been the subject of several research reports. Stephens reissued an “overweight” rating and set a $135.00 price objective on shares of The Ensign Group in a report on Tuesday, April 23rd. Oppenheimer boosted their price objective on shares of The Ensign Group from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.60.

Read Our Latest Analysis on The Ensign Group

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.

See Also

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

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