Mercer Global Advisors Inc. ADV Lowers Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Mercer Global Advisors Inc. ADV trimmed its position in The Ensign Group, Inc. (NASDAQ:ENSG – Get Rating) by 14.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,942 shares of the company’s stock after selling 651 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in The Ensign Group were worth $373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new stake in shares of The Ensign Group during the 3rd quarter worth $25,000. EverSource Wealth Advisors LLC boosted its position in shares of The Ensign Group by 96.3% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 371 shares of the company’s stock worth $30,000 after purchasing an additional 182 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of The Ensign Group during the 1st quarter worth $46,000. CWM LLC boosted its position in shares of The Ensign Group by 66.9% during the 4th quarter. CWM LLC now owns 671 shares of the company’s stock worth $63,000 after purchasing an additional 269 shares in the last quarter. Finally, James Investment Research Inc. acquired a new position in shares of The Ensign Group during the 4th quarter worth $72,000. 88.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on ENSG. Royal Bank of Canada lifted their price target on The Ensign Group from $102.00 to $108.00 in a research note on Monday, May 1st. StockNews.com began coverage on shares of The Ensign Group in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Truist Financial boosted their target price on shares of The Ensign Group from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Thursday, April 13th. Finally, Oppenheimer boosted their target price on shares of The Ensign Group from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $107.80.

Insider Activity

In other news, Director Daren Shaw sold 1,250 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $91.33, for a total transaction of $114,162.50. Following the completion of the transaction, the director now owns 35,500 shares of the company’s stock, valued at approximately $3,242,215. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Daren Shaw sold 1,250 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $91.33, for a total transaction of $114,162.50. Following the completion of the sale, the director now owns 35,500 shares in the company, valued at approximately $3,242,215. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Suzanne D. Snapper sold 9,404 shares of the business’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $100.00, for a total value of $940,400.00. Following the sale, the chief financial officer now owns 221,884 shares of the company’s stock, valued at approximately $22,188,400. The disclosure for this sale can be found here. Insiders sold a total of 113,435 shares of company stock valued at $11,144,044 in the last 90 days. 4.40% of the stock is currently owned by insiders.

The Ensign Group Trading Down 0.3 %

NASDAQ ENSG opened at $91.73 on Wednesday. The Ensign Group, Inc. has a 12 month low of $70.29 and a 12 month high of $102.26. The company has a 50-day moving average of $94.35 and a 200-day moving average of $93.26. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market cap of $5.14 billion, a P/E ratio of 22.32, a P/E/G ratio of 1.41 and a beta of 1.02.

The Ensign Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Friday, March 31st were paid a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Thursday, March 30th. The Ensign Group’s dividend payout ratio is currently 5.60%.

The Ensign Group Company Profile

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The Ensign Group, Inc engages in providing skilled nursing, senior living, and rehabilitative care services. It operates through the Skilled Services and Standard Bearer segments. The Skilled Services segments includes the operation of skilled nursing facilities and rehabilitation therapy services. The Standard Bearer segment refers to the leasing to skilled nursing and senior living operations.