Sequoia Financial Advisors LLC Increases Stock Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Sequoia Financial Advisors LLC grew its holdings in The Ensign Group, Inc. (NASDAQ:ENSGFree Report) by 6.9% during the 3rd quarter, Holdings Channel reports. The firm owned 3,307 shares of the company’s stock after buying an additional 214 shares during the period. Sequoia Financial Advisors LLC’s holdings in The Ensign Group were worth $307,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ENSG. Fortis Capital Advisors LLC acquired a new stake in shares of The Ensign Group in the fourth quarter valued at approximately $26,000. Natixis acquired a new stake in The Ensign Group during the fourth quarter worth approximately $26,000. Cornerstone Planning Group LLC acquired a new stake in The Ensign Group during the second quarter worth approximately $27,000. Carmel Capital Partners LLC acquired a new stake in The Ensign Group during the third quarter worth approximately $30,000. Finally, Advisors Asset Management Inc. boosted its position in The Ensign Group by 117.7% during the first quarter. Advisors Asset Management Inc. now owns 381 shares of the company’s stock worth $36,000 after acquiring an additional 206 shares during the last quarter. 93.02% of the stock is currently owned by institutional investors and hedge funds.

The Ensign Group Trading Up 0.7 %

Shares of NASDAQ:ENSG opened at $118.90 on Friday. The company has a market cap of $6.74 billion, a PE ratio of 32.49, a P/E/G ratio of 1.60 and a beta of 0.95. The company’s 50-day moving average price is $113.92 and its 200 day moving average price is $103.57. The Ensign Group, Inc. has a fifty-two week low of $85.50 and a fifty-two week high of $122.90. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.10.

The Ensign Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Sunday, December 31st were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.20%. This is an increase from The Ensign Group’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, December 28th. The Ensign Group’s payout ratio is 6.56%.

Insiders Place Their Bets

In other The Ensign Group news, Chairman Christopher R. Christensen sold 10,800 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $117.56, for a total transaction of $1,269,648.00. Following the sale, the chairman now directly owns 147,400 shares in the company, valued at approximately $17,328,344. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman Christopher R. Christensen sold 57,982 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $118.05, for a total value of $6,844,775.10. Following the sale, the chairman now directly owns 155,703 shares in the company, valued at approximately $18,380,739.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Christopher R. Christensen sold 10,800 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $117.56, for a total transaction of $1,269,648.00. Following the completion of the sale, the chairman now owns 147,400 shares in the company, valued at $17,328,344. The disclosure for this sale can be found here. 4.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ENSG. Royal Bank of Canada raised their target price on shares of The Ensign Group from $112.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Stephens increased their price target on shares of The Ensign Group from $112.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. Finally, Oppenheimer increased their price target on shares of The Ensign Group from $127.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $119.20.

Read Our Latest Stock Analysis on The Ensign Group

About The Ensign Group

(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.

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

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