Russell Investments Group Ltd. reduced its stake in The Ensign Group, Inc. (NASDAQ: ENSG – Get Rating) by 4.6% during the 1st quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission (SEC). The fund held 122,112 shares of the company after selling 5,931 shares during the period. Russell Investments Group Ltd. owned 0.22% of The Ensign Group worth $10,990,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also increased or reduced their stake in the company. Aptus Capital Advisors LLC increased its stake in shares of The Ensign Group by 45.5% in Q1. Aptus Capital Advisors LLC now owns 39,141 shares of the company valued at $3,523,000 after purchasing an additional 12,234 shares in the last quarter. Advisor Group Holdings Inc. increased its position in The Ensign Group by 1.5% during the first quarter. Advisor Group Holdings Inc. now owns 22,786 shares of the company valued at $2,041,000 after acquiring 345 additional shares in the last quarter. Prospera Financial Services Inc. increased its stake in The Ensign Group by 1.0% during the 1st quarter. Prospera Financial Services Inc now owns 21,624 shares of the company worth $1,946,000 after acquiring 219 additional shares during the period. Victory Capital Management Inc. increased its position in shares of The Ensign Group by 12.7% in the first quarter. Victory Capital Management Inc. now owns 257,734 shares of the company worth $22,983,000 after acquiring an additional 28,976 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its stake in shares of The Ensign Group by 8,540.0% in the 1st quarter. Benjamin Edwards Inc. now owns 432 shares of the company valued at $39,000 after purchasing an additional 427 shares during the period. Institutional investors and hedge funds hold 88.03% of the company’s shares.
Separately, Chief Financial Officer Suzanne D. Snapper sold 5,883 shares of the company in a trade on Wednesday, August 3. The stock was sold at an average price of $85.16, for a total transaction of $500,996.28. Following the completion of the sale, the CFO now owns 208,810 shares of the company, valued at $17,782,259.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.70% of the company’s shares.
A Wall Street analyst gives his opinion
The ENSG has been the subject of several recent analyst reports. Royal Bank of Canada lowered its target price on The Ensign Group from $101.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday. Truist Financial raised its price target on shares of The Ensign Group from $85.00 to $95.00 in a research note on Wednesday.
Ensign Group Share Performance
The NASDAQ ENSG opened at $84.87 on Friday. The company has a market capitalization of $4.69 billion, a P/E ratio of 23.64, a PEG ratio of 1.50 and a beta of 1.03. The company has a fifty-day simple moving average of $76.92 and a 200-day simple moving average of $79.98. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt ratio of 0.13. The Ensign Group, Inc. has a 12-month low of $68.29 and a 12-month high of $94.25.
Ensign Group (NASDAQ:ENSG – Get Rating) last released its quarterly earnings data on Monday, August 1. The company reported earnings per share (EPS) of $1.01 for the quarter, beating consensus analyst estimates of $1.00 by $0.01. The company posted revenue of $732.49 million in the quarter, compared to $729.44 million expected by analysts. The Ensign Group had a net margin of 7.27% and a return on equity of 19.51%. The company’s revenue increased 14.7% year over year. During the same period last year, the company earned earnings per share of $0.83. Sell-side analysts expect The Ensign Group, Inc. to post earnings per share of 3.82 for the current fiscal year.
Ensign Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29. Shareholders of record on Thursday, June 30 received a dividend of $0.055. This represents an annualized dividend of $0.22 and a dividend yield of 0.26%. The ex-dividend date was Wednesday, June 29. The Ensign Group’s dividend payout ratio (DPR) is currently 6.13%.
The Ensign Group Profile
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The Ensign Group, Inc provides health care services across the post-acute care continuum and other ancillary activities. The Company operates in two segments, Specialty Services and Real Estate. The company offers qualified services, which include short and long-term nursing care services for patients with chronic illnesses, protracted illnesses and the elderly; and physical, vocational and speech therapy and other rehabilitation and health care services.
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