Sequoia Financial Advisors LLC Has $465,000 Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Sequoia Financial Advisors LLC lowered its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSGFree Report) by 61.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,734 shares of the company’s stock after selling 6,041 shares during the period. Sequoia Financial Advisors LLC’s holdings in The Ensign Group were worth $465,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of The Ensign Group during the fourth quarter worth $65,050,000. Vanguard Group Inc. raised its position in shares of The Ensign Group by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 6,621,886 shares of the company’s stock worth $743,042,000 after acquiring an additional 310,182 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of The Ensign Group by 9.2% in the 4th quarter. Capital Research Global Investors now owns 2,620,360 shares of the company’s stock valued at $294,031,000 after purchasing an additional 221,838 shares during the period. Axiom Investors LLC DE boosted its position in shares of The Ensign Group by 142.8% during the 4th quarter. Axiom Investors LLC DE now owns 187,345 shares of the company’s stock valued at $21,022,000 after purchasing an additional 110,177 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in The Ensign Group by 36.3% during the fourth quarter. Wellington Management Group LLP now owns 403,033 shares of the company’s stock worth $45,224,000 after purchasing an additional 107,317 shares during the period. 96.12% of the stock is owned by institutional investors and hedge funds.

The Ensign Group Price Performance

The Ensign Group stock opened at $125.02 on Tuesday. The stock has a market cap of $7.12 billion, a P/E ratio of 32.90, a P/E/G ratio of 1.70 and a beta of 0.99. 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 company’s 50 day moving average price is $120.17 and its two-hundred day moving average price is $119.56. The Ensign Group, Inc. has a 52 week low of $88.79 and a 52 week high of $128.22.

The Ensign Group (NASDAQ:ENSGGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $1.19 earnings per share 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, equities analysts predict that The Ensign Group, Inc. will post 4.95 earnings per share for the current year.

The Ensign Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Sunday, June 30th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend is Friday, June 28th. The Ensign Group’s dividend payout ratio (DPR) is currently 6.32%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ENSG. Oppenheimer boosted their target price on The Ensign Group from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. Macquarie started coverage on The Ensign Group in a research note on Friday, June 28th. They set an “outperform” rating and a $134.00 price target for the company. Finally, Stephens reissued an “overweight” rating and issued a $135.00 price objective on shares of The Ensign Group in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $126.17.

Check Out Our Latest Stock Analysis on ENSG

Insider Activity at The Ensign Group

In other The Ensign Group news, Director Ann Scott Blouin sold 350 shares of the 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 transaction, the director now owns 20,002 shares in the company, valued at $2,329,632.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Ann Scott Blouin sold 350 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $116.47, for a total transaction of $40,764.50. Following the sale, the director now owns 20,002 shares of the company’s stock, valued at approximately $2,329,632.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daren Shaw sold 2,000 shares of the firm’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 transaction of $236,520.00. Following the completion of the transaction, the director now owns 30,250 shares of the company’s stock, valued at $3,577,365. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,813 shares of company stock worth $808,203. Company insiders own 3.90% of the company’s stock.

The Ensign Group 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.

Further Reading

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

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