Amalgamated Bank Trims Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Amalgamated Bank decreased its stake in The Ensign Group, Inc. (NASDAQ:ENSGFree Report) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,890 shares of the company’s stock after selling 395 shares during the period. Amalgamated Bank’s holdings in The Ensign Group were worth $2,313,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new position in The Ensign Group in the fourth quarter valued at $50,020,000. Capital Research Global Investors boosted its position 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 during the period. BlackRock Inc. grew its stake in The Ensign Group by 3.2% during the 2nd quarter. BlackRock Inc. now owns 9,552,038 shares of the company’s stock worth $911,838,000 after buying an additional 299,626 shares during the last quarter. Wasatch Advisors Inc. increased its position in The Ensign Group by 4.7% during the first quarter. Wasatch Advisors Inc. now owns 6,409,214 shares of the company’s stock worth $576,893,000 after buying an additional 288,585 shares during the period. Finally, WCM Investment Management LLC purchased a new stake in The Ensign Group in the third quarter valued at approximately $26,252,000. 93.02% of the stock is owned by hedge funds and other institutional investors.

The Ensign Group Stock Performance

Shares of ENSG opened at $118.90 on Monday. The stock has a market capitalization of $6.74 billion, a P/E ratio of 32.49, a P/E/G ratio of 1.62 and a beta of 0.95. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.42 and a current ratio of 1.42. The Ensign Group, Inc. has a 1 year low of $85.50 and a 1 year high of $122.90. The company’s fifty day moving average is $113.92 and its two-hundred day moving average is $103.66.

The Ensign Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Sunday, December 31st were paid 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 a positive change from The Ensign Group’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, December 28th. The Ensign Group’s payout ratio is 6.56%.

Insider Buying and Selling

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

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on The Ensign Group

The Ensign Group Profile

(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.

Read More

Want to see what other hedge funds are holding ENSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Ensign Group, Inc. (NASDAQ:ENSGFree Report).

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

Receive News & Ratings for The Ensign Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Ensign Group and related companies with MarketBeat.com's FREE daily email newsletter.