Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG – Free Report) by 40.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,573 shares of the company’s stock after selling 25,711 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.07% of The Ensign Group worth $3,492,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in ENSG. Norges Bank bought a new stake in shares of The Ensign Group during the fourth quarter valued at approximately $50,020,000. Capital Research Global Investors raised its stake in shares of The Ensign Group by 30.6% in the second quarter. Capital Research Global Investors now owns 1,829,577 shares of the company’s stock valued at $174,651,000 after buying an additional 428,435 shares during the period. BlackRock Inc. raised its stake in The Ensign Group by 3.2% in the 2nd quarter. BlackRock Inc. now owns 9,552,038 shares of the company’s stock valued at $911,838,000 after acquiring an additional 299,626 shares during the period. Wasatch Advisors Inc. lifted its stake in shares of The Ensign Group by 4.7% during the 1st quarter. Wasatch Advisors Inc. now owns 6,409,214 shares of the company’s stock valued at $576,893,000 after buying an additional 288,585 shares in the last quarter. Finally, WCM Investment Management LLC purchased a new stake in shares of The Ensign Group during the third quarter worth $26,252,000. 93.02% of the stock is owned by institutional investors.
Insider Buying and Selling at The Ensign Group
In related news, Chairman Christopher R. Christensen sold 10,800 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $117.56, for a total value of $1,269,648.00. Following the transaction, the chairman now owns 147,400 shares in the company, valued at approximately $17,328,344. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other The Ensign Group news, Chairman Christopher R. Christensen sold 10,800 shares of The Ensign Group stock in a transaction 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 owns 147,400 shares of the company’s stock, valued at approximately $17,328,344. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Christopher R. Christensen sold 57,982 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $118.05, for a total transaction 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 disclosure for this sale can be found here. 4.40% of the stock is owned by company insiders.
The Ensign Group Price Performance
The Ensign Group Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors 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 yield of 0.20%. The ex-dividend date of this dividend was Thursday, December 28th. This is a positive change from The Ensign Group’s previous quarterly dividend of $0.06. The Ensign Group’s dividend payout ratio (DPR) is 6.56%.
Analyst Upgrades and Downgrades
Several brokerages recently commented on ENSG. Oppenheimer boosted their price objective on shares of The Ensign Group from $127.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Royal Bank of Canada increased their price target on shares of The Ensign Group from $112.00 to $133.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Finally, Stephens raised their price target on shares of The Ensign Group from $112.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, October 27th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.20.
The Ensign Group Profile
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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