WCM Investment Management LLC lowered its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG – Free Report) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 246,742 shares of the company’s stock after selling 2,018 shares during the period. WCM Investment Management LLC owned about 0.43% of The Ensign Group worth $37,838,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in The Ensign Group by 14.2% in the first quarter. GAMMA Investing LLC now owns 2,614 shares of the company’s stock valued at $338,000 after purchasing an additional 326 shares during the last quarter. SG Americas Securities LLC purchased a new position in The Ensign Group in the first quarter valued at about $343,000. Fifth Third Bancorp grew its stake in The Ensign Group by 19.8% in the first quarter. Fifth Third Bancorp now owns 2,806 shares of the company’s stock valued at $363,000 after purchasing an additional 464 shares during the last quarter. QRG Capital Management Inc. grew its stake in The Ensign Group by 1.6% in the first quarter. QRG Capital Management Inc. now owns 5,825 shares of the company’s stock valued at $754,000 after purchasing an additional 92 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its stake in The Ensign Group by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 6,680 shares of the company’s stock valued at $864,000 after purchasing an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 96.12% of the company’s stock.
The Ensign Group Price Performance
Shares of NASDAQ ENSG opened at $177.94 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $10.27 billion, a PE ratio of 32.29, a P/E/G ratio of 2.04 and a beta of 0.93. The business has a 50-day simple moving average of $170.18 and a two-hundred day simple moving average of $151.55. The Ensign Group, Inc. has a fifty-two week low of $118.73 and a fifty-two week high of $179.27.
The Ensign Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The Ensign Group’s payout ratio is 4.54%.
Insider Activity at The Ensign Group
In related news, Director Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $172.06, for a total transaction of $120,442.00. Following the completion of the sale, the director owned 27,052 shares of the company’s stock, valued at $4,654,567.12. The trade was a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.90% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several analysts have recently commented on ENSG shares. Truist Financial set a $190.00 price objective on The Ensign Group in a report on Tuesday. UBS Group increased their price objective on The Ensign Group from $195.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. Stephens increased their price objective on The Ensign Group from $165.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of The Ensign Group in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, The Ensign Group has a consensus rating of “Moderate Buy” and a consensus price target of $176.83.
View Our Latest Stock Report on The Ensign Group
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.
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