Allspring Global Investments Holdings LLC Acquires 18,767 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Allspring Global Investments Holdings LLC grew its holdings in The Ensign Group, Inc. (NASDAQ:ENSGGet Rating) by 36.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,949 shares of the company’s stock after acquiring an additional 18,767 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in The Ensign Group were worth $5,640,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ronald Blue Trust Inc. bought a new stake in The Ensign Group during the second quarter worth about $36,000. Lindbrook Capital LLC raised its stake in The Ensign Group by 79.7% during the second quarter. Lindbrook Capital LLC now owns 496 shares of the company’s stock worth $36,000 after acquiring an additional 220 shares in the last quarter. Quantbot Technologies LP acquired a new position in The Ensign Group during the first quarter worth about $46,000. Wipfli Financial Advisors LLC acquired a new position in The Ensign Group during the third quarter worth about $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in The Ensign Group during the second quarter worth about $2,205,000. Institutional investors own 88.80% of the company’s stock.

Insiders Place Their Bets

In other The Ensign Group news, Director Lee A. Daniels sold 2,000 shares of the stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $95.20, for a total transaction of $190,400.00. Following the transaction, the director now directly owns 47,504 shares in the company, valued at approximately $4,522,380.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other The Ensign Group news, Director Lee A. Daniels sold 2,000 shares of the stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $95.20, for a total transaction of $190,400.00. Following the transaction, the director now directly owns 47,504 shares in the company, valued at approximately $4,522,380.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Beverly B. Wittekind sold 2,500 shares of the stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $92.00, for a total value of $230,000.00. Following the completion of the transaction, the vice president now owns 40,566 shares in the company, valued at $3,732,072. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,812 shares of company stock worth $1,804,472. Corporate insiders own 4.70% of the company’s stock.

The Ensign Group Stock Performance

NASDAQ:ENSG opened at $98.53 on Tuesday. The company has a market capitalization of $5.47 billion, a PE ratio of 26.27, a P/E/G ratio of 1.52 and a beta of 0.98. The company has a 50 day simple moving average of $94.06 and a two-hundred day simple moving average of $87.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.28 and a current ratio of 1.28. The Ensign Group, Inc. has a fifty-two week low of $70.29 and a fifty-two week high of $99.52.

The Ensign Group (NASDAQ:ENSGGet Rating) last released its earnings results on Wednesday, October 26th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The business had revenue of $770.01 million during the quarter, compared to the consensus estimate of $749.71 million. The Ensign Group had a net margin of 7.32% and a return on equity of 19.42%. Research analysts anticipate that The Ensign Group, Inc. will post 3.84 earnings per share for the current year.

The Ensign Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Saturday, December 31st will be issued a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.24%. This is a boost from The Ensign Group’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, December 29th. The Ensign Group’s dividend payout ratio is presently 6.13%.

Analysts Set New Price Targets

Several brokerages have commented on ENSG. Stephens boosted their target price on The Ensign Group from $100.00 to $101.00 and gave the stock an “overweight” rating in a research note on Friday, October 28th. Royal Bank of Canada upped their price objective on The Ensign Group from $95.00 to $102.00 and gave the company an “outperform” rating in a research note on Tuesday, November 1st. Oppenheimer upped their price objective on The Ensign Group to $105.00 in a research note on Tuesday, November 1st. Finally, StockNews.com raised The Ensign Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $101.60.

About The Ensign Group

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The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in two segments, Skilled Services and Real Estate. The company offers skilled services, which include short and long-term nursing care services for patients with chronic conditions, prolonged illness, and the elderly; and physical, occupational, and speech therapies and other rehabilitative and healthcare services.

Further Reading

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

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