Dimensional Fund Advisors LP Raises Stake in The Ensign Group, Inc. (ENSG)

Dimensional Fund Advisors LP grew its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,234,334 shares of the company’s stock after purchasing an additional 47,217 shares during the period. Dimensional Fund Advisors LP owned about 4.37% of The Ensign Group worth $50,474,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ENSG. Riverhead Capital Management LLC increased its holdings in shares of The Ensign Group by 86.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,664 shares of the company’s stock valued at $102,000 after purchasing an additional 2,164 shares during the period. SG Americas Securities LLC acquired a new position in shares of The Ensign Group in the 3rd quarter valued at about $104,000. Pinebridge Investments L.P. increased its holdings in shares of The Ensign Group by 0.6% in the 2nd quarter. Pinebridge Investments L.P. now owns 6,280 shares of the company’s stock valued at $137,000 after purchasing an additional 38 shares during the period. Victory Capital Management Inc. increased its holdings in shares of The Ensign Group by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,156 shares of the company’s stock valued at $156,000 after purchasing an additional 1,072 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of The Ensign Group by 7.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,494 shares of the company’s stock valued at $163,000 after purchasing an additional 526 shares during the period. Institutional investors own 84.77% of the company’s stock.

In related news, VP Beverly B. Wittekind sold 5,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $22.55, for a total value of $112,750.00. Following the transaction, the vice president now owns 46,656 shares in the company, valued at $1,052,092.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Barry Port sold 10,000 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the vice president now owns 134,684 shares in the company, valued at approximately $3,232,416. The disclosure for this sale can be found here. Insiders sold 15,529 shares of company stock worth $365,114 in the last 90 days. 6.20% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently weighed in on ENSG shares. Royal Bank of Canada upped their target price on The Ensign Group to $27.00 and gave the company an “outperform” rating in a report on Monday, November 20th. ValuEngine downgraded The Ensign Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. BidaskClub downgraded The Ensign Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, Cantor Fitzgerald upped their target price on The Ensign Group from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The Ensign Group currently has a consensus rating of “Hold” and an average price target of $26.67.

The Ensign Group, Inc. (ENSG) opened at $23.83 on Friday. The Ensign Group, Inc. has a twelve month low of $16.50 and a twelve month high of $24.78. The company has a market capitalization of $1,206.60, a P/E ratio of 26.48 and a beta of 0.83. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.59.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Sunday, December 31st will be issued a $0.045 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.18 dividend on an annualized basis and a yield of 0.76%. This is an increase from The Ensign Group’s previous quarterly dividend of $0.04. The Ensign Group’s dividend payout ratio is currently 20.00%.

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The Ensign Group Profile

The Ensign Group, Inc, through its operating subsidiaries, provides healthcare services across the post-acute care continuum, as well as other ancillary businesses located in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Texas, Utah, Washington and Wisconsin.

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

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