Bridge City Capital LLC trimmed its holdings in The Ensign Group, Inc. (NASDAQ:ENSG – Free Report) by 6.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 57,553 shares of the company’s stock after selling 3,907 shares during the period. The Ensign Group accounts for 2.6% of Bridge City Capital LLC’s holdings, making the stock its 3rd biggest holding. Bridge City Capital LLC’s holdings in The Ensign Group were worth $5,494,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of ENSG. Norges Bank purchased a new position in The Ensign Group in the fourth quarter valued at $50,020,000. Capital Research Global Investors increased its stake in shares of The Ensign Group by 30.6% in the 2nd quarter. Capital Research Global Investors now owns 1,829,577 shares of the company’s stock valued at $174,651,000 after purchasing an additional 428,435 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in The Ensign Group by 163.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 632,967 shares of the company’s stock worth $23,656,000 after purchasing an additional 392,443 shares during the period. BlackRock Inc. boosted its position in The Ensign Group by 3.2% during the second quarter. BlackRock Inc. now owns 9,552,038 shares of the company’s stock worth $911,838,000 after purchasing an additional 299,626 shares in the last quarter. Finally, Wasatch Advisors Inc. grew its holdings in The Ensign Group by 4.7% in the first quarter. Wasatch Advisors Inc. now owns 6,409,214 shares of the company’s stock valued at $576,893,000 after purchasing an additional 288,585 shares during the period. Hedge funds and other institutional investors own 93.02% of the company’s stock.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. Royal Bank of Canada upped their target price on The Ensign Group from $108.00 to $114.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. Berenberg Bank initiated coverage on shares of The Ensign Group in a report on Thursday, September 28th. They set a “buy” rating and a $110.00 price objective on the stock. StockNews.com initiated coverage on shares of The Ensign Group in a report on Thursday, October 5th. They set a “hold” rating on the stock. Truist Financial reaffirmed a “hold” rating and set a $110.00 price objective on shares of The Ensign Group in a report on Wednesday, September 13th. Finally, Stephens raised their price target on shares of The Ensign Group from $112.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, The Ensign Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.40.
Insiders Place Their Bets
In other The Ensign Group news, Director Daren Shaw sold 4,000 shares of The Ensign Group stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $95.00, for a total transaction of $380,000.00. Following the transaction, the director now directly owns 33,625 shares of the company’s stock, valued at $3,194,375. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other The Ensign Group news, Director Daren Shaw sold 4,000 shares of The Ensign Group stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $95.00, for a total value of $380,000.00. Following the sale, the director now owns 33,625 shares in the company, valued at $3,194,375. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Chad Keetch sold 11,155 shares of The Ensign Group stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $100.60, for a total value of $1,122,193.00. Following the completion of the sale, the executive vice president now owns 86,191 shares in the company, valued at approximately $8,670,814.60. The disclosure for this sale can be found here. Insiders have sold 20,602 shares of company stock valued at $2,040,392 over the last ninety days. Company insiders own 4.40% of the company’s stock.
The Ensign Group Price Performance
ENSG traded up $1.20 during trading on Friday, reaching $107.39. The company’s stock had a trading volume of 298,269 shares, compared to its average volume of 276,804. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $96.67 and a two-hundred day simple moving average of $94.77. The Ensign Group, Inc. has a 1 year low of $85.50 and a 1 year high of $108.10. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 1.61 and a beta of 1.01.
The Ensign Group (NASDAQ:ENSG – Get Free Report) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.01. The Ensign Group had a return on equity of 18.15% and a net margin of 6.97%. The firm had revenue of $940.79 million for the quarter, compared to the consensus estimate of $938.95 million. As a group, analysts anticipate that The Ensign Group, Inc. will post 4.35 EPS for the current year.
The Ensign Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Saturday, September 30th were paid a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Thursday, September 28th. The Ensign Group’s dividend payout ratio (DPR) is presently 5.30%.
The Ensign Group Company Profile
The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services, as well as other ancillary services. It operates through Skilled Services and Standard Bearer segments. 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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