The Ensign Group, Inc. (NASDAQ:ENSG) Position Reduced by Martingale Asset Management L P

Martingale Asset Management L P trimmed its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 3.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,918 shares of the company’s stock after selling 800 shares during the quarter. Martingale Asset Management L P’s holdings in The Ensign Group were worth $3,440,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. CWM LLC boosted its stake in The Ensign Group by 16.2% during the 3rd quarter. CWM LLC now owns 508 shares of the company’s stock valued at $73,000 after acquiring an additional 71 shares during the last quarter. Miller Howard Investments Inc. NY lifted its position in shares of The Ensign Group by 2.4% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 3,018 shares of the company’s stock worth $373,000 after buying an additional 72 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of The Ensign Group by 0.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,908 shares of the company’s stock worth $982,000 after buying an additional 72 shares during the last quarter. Blue Trust Inc. lifted its position in shares of The Ensign Group by 21.2% in the 2nd quarter. Blue Trust Inc. now owns 429 shares of the company’s stock worth $53,000 after buying an additional 75 shares during the last quarter. Finally, Harfst & Associates Inc. lifted its position in shares of The Ensign Group by 0.7% in the 2nd quarter. Harfst & Associates Inc. now owns 12,221 shares of the company’s stock worth $1,512,000 after buying an additional 89 shares during the last quarter. 96.12% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Barry Port sold 2,000 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $155.00, for a total transaction of $310,000.00. Following the transaction, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at approximately $8,325,980. This trade represents a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Oppenheimer raised their price target on shares of The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Royal Bank of Canada raised their price target on shares of The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Stephens raised their price target on shares of The Ensign Group from $163.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. UBS Group assumed coverage on shares of The Ensign Group in a research report on Thursday, November 21st. They issued a “buy” rating and a $175.00 price target on the stock. Finally, Truist Financial raised their price target on shares of The Ensign Group from $160.00 to $170.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $164.33.

The Ensign Group Stock Up 0.2 %

Shares of The Ensign Group stock opened at $146.21 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.56 and a quick ratio of 1.56. The Ensign Group, Inc. has a 1-year low of $104.18 and a 1-year high of $158.45. The business’s fifty day moving average price is $148.25 and its two-hundred day moving average price is $138.63. The company has a market capitalization of $8.38 billion, a P/E ratio of 35.40, a PEG ratio of 1.94 and a beta of 0.95.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. The Ensign Group had a return on equity of 17.21% and a net margin of 5.84%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. As a group, research analysts forecast that The Ensign Group, Inc. will post 5.02 EPS for the current year.

The Ensign Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date was Monday, September 30th. The Ensign Group’s dividend payout ratio (DPR) is 5.81%.

The Ensign Group Company 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.