The Ensign Group, Inc. (NASDAQ:ENSG) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lessened its position in shares of The Ensign Group, Inc. (NASDAQ:ENSGFree Report) by 4.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 59,028 shares of the company’s stock after selling 2,515 shares during the period. California State Teachers Retirement System’s holdings in The Ensign Group were worth $6,624,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ENSG. Norges Bank purchased a new stake in The Ensign Group during the 4th quarter worth about $65,050,000. Charles Schwab Investment Management Inc. increased its position in The Ensign Group by 25.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 725,056 shares of the company’s stock worth $67,379,000 after purchasing an additional 147,698 shares in the last quarter. Epoch Investment Partners Inc. purchased a new stake in The Ensign Group during the 3rd quarter worth about $13,578,000. Axiom Investors LLC DE increased its position in The Ensign Group by 142.8% during the 4th quarter. Axiom Investors LLC DE now owns 187,345 shares of the company’s stock worth $21,022,000 after purchasing an additional 110,177 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in The Ensign Group by 30.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 332,115 shares of the company’s stock worth $30,863,000 after purchasing an additional 77,511 shares in the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.

Insider Transactions at The Ensign Group

In related news, VP Beverly B. Wittekind sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $121.65, for a total transaction of $1,216,500.00. Following the transaction, the vice president now directly owns 37,912 shares of the company’s stock, valued at approximately $4,611,994.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Daren Shaw sold 4,463 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $118.96, for a total transaction of $530,918.48. Following the transaction, the director now directly owns 32,250 shares of the company’s stock, valued at approximately $3,836,460. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Beverly B. Wittekind sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $121.65, for a total value of $1,216,500.00. Following the transaction, the vice president now directly owns 37,912 shares in the company, valued at $4,611,994.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,813 shares of company stock worth $2,024,703. 3.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Oppenheimer lifted their price objective on 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 issued a $135.00 price target on shares of The Ensign Group in a report on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $124.60.

Read Our Latest Stock Report on ENSG

The Ensign Group Stock Up 0.3 %

Shares of NASDAQ:ENSG opened at $119.41 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.53 and a current ratio of 1.53. The Ensign Group, Inc. has a 1 year low of $88.79 and a 1 year high of $127.57. The stock has a market capitalization of $6.80 billion, a P/E ratio of 31.42, a PEG ratio of 1.60 and a beta of 0.99. The stock has a 50-day simple moving average of $118.72 and a 200-day simple moving average of $117.72.

The Ensign Group (NASDAQ:ENSGGet Free Report) last issued its earnings results on Wednesday, May 1st. The company reported $1.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.19. The Ensign Group had a return on equity of 17.60% and a net margin of 5.67%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Equities analysts forecast that The Ensign Group, Inc. will post 4.95 earnings per share for the current year.

The Ensign Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Sunday, March 31st were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend was Wednesday, March 27th. The Ensign Group’s payout ratio is currently 6.32%.

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.

See Also

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

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