The Ensign Group, Inc. (NASDAQ:ENSG) Shares Bought by Redwood Investments LLC

Redwood Investments LLC grew its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 23.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 50,916 shares of the company’s stock after buying an additional 9,699 shares during the quarter. The Ensign Group accounts for about 1.8% of Redwood Investments LLC’s portfolio, making the stock its 12th largest holding. Redwood Investments LLC owned about 0.09% of The Ensign Group worth $6,765,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Barclays PLC increased its holdings in The Ensign Group by 260.3% in the third quarter. Barclays PLC now owns 107,288 shares of the company’s stock valued at $15,430,000 after buying an additional 77,514 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of The Ensign Group in the 3rd quarter valued at about $200,000. Park Avenue Securities LLC raised its holdings in The Ensign Group by 20.8% in the 4th quarter. Park Avenue Securities LLC now owns 10,031 shares of the company’s stock worth $1,333,000 after purchasing an additional 1,730 shares during the period. West Coast Financial LLC boosted its position in The Ensign Group by 2.2% during the fourth quarter. West Coast Financial LLC now owns 34,146 shares of the company’s stock worth $4,537,000 after purchasing an additional 748 shares in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new stake in The Ensign Group in the fourth quarter valued at approximately $25,000. Institutional investors and hedge funds own 96.12% of the company’s stock.

Insider Activity at The Ensign Group

In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $129.66, for a total value of $259,320.00. Following the completion of the sale, the director now directly owns 26,325 shares in the company, valued at $3,413,299.50. This represents a 7.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $129.15, for a total value of $90,405.00. Following the transaction, the director now owns 30,052 shares in the company, valued at approximately $3,881,215.80. This represents a 2.28% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.

The Ensign Group Stock Up 0.9%

NASDAQ ENSG opened at $144.79 on Thursday. The business has a fifty day moving average price of $129.63 and a 200 day moving average price of $135.69. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market cap of $8.32 billion, a P/E ratio of 28.33, a P/E/G ratio of 1.52 and a beta of 1.03. The Ensign Group, Inc. has a one year low of $116.23 and a one year high of $158.45.

The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Tuesday, April 29th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.02. The Ensign Group had a net margin of 6.99% and a return on equity of 17.07%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the business earned $1.30 earnings per share. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. Research analysts anticipate that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

The Ensign Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a $0.0625 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.17%. The Ensign Group’s dividend payout ratio (DPR) is presently 4.73%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ENSG shares. Macquarie reduced their target price on The Ensign Group from $159.00 to $156.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Stephens reissued an “overweight” rating and issued a $155.00 price target on shares of The Ensign Group in a report on Thursday, February 6th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $163.50.

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.