Teachers Retirement System of The State of Kentucky lifted its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG – Free Report) by 9.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 94,753 shares of the company’s stock after buying an additional 7,878 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in The Ensign Group were worth $19,092,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Private Trust Co. NA increased its stake in shares of The Ensign Group by 156.5% during the fourth quarter. Private Trust Co. NA now owns 159 shares of the company’s stock worth $28,000 after buying an additional 97 shares during the period. Monetary Solutions Ltd purchased a new position in The Ensign Group in the fourth quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. grew its holdings in The Ensign Group by 55.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 172 shares of the company’s stock worth $30,000 after acquiring an additional 61 shares in the last quarter. Bayban acquired a new position in The Ensign Group during the 4th quarter worth approximately $31,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in shares of The Ensign Group in the 1st quarter valued at approximately $32,000. 96.12% of the stock is owned by institutional investors and hedge funds.
The Ensign Group Trading Down 0.1%
NASDAQ:ENSG opened at $168.39 on Tuesday. The stock’s 50 day moving average price is $166.24 and its 200 day moving average price is $184.27. The company has a market capitalization of $9.84 billion, a PE ratio of 27.43, a P/E/G ratio of 1.65 and a beta of 0.69. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.06. The Ensign Group, Inc. has a 52-week low of $134.79 and a 52-week high of $218.00.
The Ensign Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a $0.065 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.26 annualized dividend and a yield of 0.2%. The Ensign Group’s dividend payout ratio is 4.23%.
Insider Buying and Selling at The Ensign Group
In other The Ensign Group news, Director John O. Agwunobi sold 392 shares of the firm’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $199.97, for a total transaction of $78,388.24. Following the transaction, the director directly owned 9,295 shares of the company’s stock, valued at approximately $1,858,721.15. This trade represents a 4.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $164.28, for a total transaction of $114,996.00. Following the completion of the transaction, the director owned 21,352 shares in the company, valued at approximately $3,507,706.56. This represents a 3.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,892 shares of company stock valued at $340,591. 4.00% of the stock is owned by insiders.
Wall Street Analyst Weigh In
ENSG has been the topic of a number of analyst reports. Weiss Ratings lowered shares of The Ensign Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 16th. Wall Street Zen upgraded shares of The Ensign Group from a “hold” rating to a “buy” rating in a research note on Sunday, June 14th. Royal Bank Of Canada reissued an “outperform” rating on shares of The Ensign Group in a report on Tuesday, June 9th. Finally, Zacks Research cut The Ensign Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $216.75.
Get Our Latest Stock Analysis on The Ensign Group
About The Ensign Group
The Ensign Group, Inc is a diversified provider of post-acute healthcare services in the United States, operating a network of skilled nursing, assisted living, independent living, home health and hospice care centers. The company’s model emphasizes integrated care by employing multidisciplinary teams—including nursing staff, therapists and physicians—to deliver personalized rehabilitation and long-term care services for seniors and other patients recovering from injury, illness or surgery.
Through its owned and managed centers, The Ensign Group offers a broad spectrum of rehabilitation services such as physical, occupational and speech therapy.
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