Wells Fargo & Company MN Increases Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Wells Fargo & Company MN lifted its position in The Ensign Group, Inc. (NASDAQ:ENSGFree Report) by 8.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 60,393 shares of the company’s stock after purchasing an additional 4,675 shares during the quarter. Wells Fargo & Company MN’s holdings in The Ensign Group were worth $6,777,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP increased its stake in shares of The Ensign Group by 11.4% in the third quarter. Wellington Management Group LLP now owns 295,716 shares of the company’s stock worth $27,481,000 after purchasing an additional 30,184 shares in the last quarter. UBS Group AG increased its stake in shares of The Ensign Group by 102.9% in the fourth quarter. UBS Group AG now owns 64,828 shares of the company’s stock worth $7,274,000 after purchasing an additional 32,884 shares in the last quarter. Rhumbline Advisers increased its stake in shares of The Ensign Group by 24.9% in the third quarter. Rhumbline Advisers now owns 201,143 shares of the company’s stock worth $18,692,000 after purchasing an additional 40,050 shares in the last quarter. Deutsche Bank AG increased its stake in shares of The Ensign Group by 17.4% in the third quarter. Deutsche Bank AG now owns 31,050 shares of the company’s stock worth $2,885,000 after purchasing an additional 4,593 shares in the last quarter. Finally, DeDora Capital Inc. boosted its position in shares of The Ensign Group by 12.0% during the fourth quarter. DeDora Capital Inc. now owns 5,435 shares of the company’s stock worth $610,000 after acquiring an additional 583 shares during the last quarter. 96.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Oppenheimer upped their target price on shares of The Ensign Group from $130.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Stephens restated an “overweight” rating and set a $135.00 target price on shares of The Ensign Group in a research report on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, The Ensign Group currently has a consensus rating of “Moderate Buy” and an average target price of $124.60.

Check Out Our Latest Stock Report on The Ensign Group

Insider Buying and Selling at The Ensign Group

In other The Ensign Group news, VP Beverly B. Wittekind sold 10,000 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $121.65, for a total transaction of $1,216,500.00. Following the completion of the transaction, the vice president now owns 37,912 shares in the company, valued at $4,611,994.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Beverly B. Wittekind sold 10,000 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $121.65, for a total value of $1,216,500.00. Following the sale, the vice president now owns 37,912 shares of the company’s stock, valued at $4,611,994.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ann Scott Blouin sold 350 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $116.47, for a total transaction of $40,764.50. Following the completion of the sale, the director now directly owns 20,002 shares in the company, valued at approximately $2,329,632.94. The disclosure for this sale can be found here. Insiders sold 16,813 shares of company stock worth $2,024,703 over the last 90 days. 3.90% of the stock is owned by insiders.

The Ensign Group Price Performance

ENSG stock opened at $118.82 on Friday. The Ensign Group, Inc. has a 52 week low of $88.79 and a 52 week high of $127.57. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $119.02 and a two-hundred day simple moving average of $117.43. The firm has a market capitalization of $6.76 billion, a P/E ratio of 31.27, a price-to-earnings-growth ratio of 1.63 and a beta of 0.99.

The Ensign Group (NASDAQ:ENSGGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported $1.19 EPS for the quarter, meeting the consensus estimate of $1.19. The Ensign Group had a net margin of 5.67% and a return on equity of 17.60%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. Analysts anticipate that The Ensign Group, Inc. will post 4.96 earnings per share for the current fiscal year.

The Ensign Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Sunday, March 31st were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 annualized dividend and a yield of 0.20%. The Ensign Group’s dividend payout ratio (DPR) is currently 6.32%.

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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