Personal CFO Solutions LLC Sells 319 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Personal CFO Solutions LLC decreased its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,662 shares of the company’s stock after selling 319 shares during the period. Personal CFO Solutions LLC’s holdings in The Ensign Group were worth $487,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in The Ensign Group by 42.3% in the third quarter. FMR LLC now owns 1,995,971 shares of the company’s stock worth $287,061,000 after acquiring an additional 593,779 shares during the period. Geode Capital Management LLC increased its stake in shares of The Ensign Group by 5.1% in the third quarter. Geode Capital Management LLC now owns 1,363,822 shares of the company’s stock worth $196,181,000 after purchasing an additional 66,314 shares in the last quarter. Crewe Advisors LLC increased its stake in shares of The Ensign Group by 0.9% in the third quarter. Crewe Advisors LLC now owns 1,110,692 shares of the company’s stock worth $159,740,000 after purchasing an additional 10,221 shares in the last quarter. Baillie Gifford & Co. purchased a new stake in shares of The Ensign Group in the third quarter worth $151,827,000. Finally, Copeland Capital Management LLC increased its stake in shares of The Ensign Group by 0.8% in the fourth quarter. Copeland Capital Management LLC now owns 944,077 shares of the company’s stock worth $125,430,000 after purchasing an additional 7,542 shares in the last quarter. Institutional investors own 96.12% of the company’s stock.

Insider Activity at The Ensign Group

In related news, Chairman Christopher R. Christensen sold 39,086 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $148.52, for a total transaction of $5,805,052.72. Following the completion of the transaction, the chairman now owns 12,539 shares of the company’s stock, valued at $1,862,292.28. This trade represents a 75.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Barry M. Smith sold 700 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $133.43, for a total transaction of $93,401.00. Following the transaction, the director now directly owns 30,852 shares of the company’s stock, valued at approximately $4,116,582.36. This trade represents a 2.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,186 shares of company stock valued at $6,345,115 over the last ninety days. 3.90% of the stock is owned by company insiders.

The Ensign Group Price Performance

ENSG stock opened at $130.33 on Monday. The Ensign Group, Inc. has a 52 week low of $113.27 and a 52 week high of $158.45. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $133.63 and a two-hundred day simple moving average of $142.21. The firm has a market capitalization of $7.49 billion, a P/E ratio of 25.50, a price-to-earnings-growth ratio of 1.52 and a beta of 0.98.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.11). The Ensign Group had a net margin of 6.99% and a return on equity of 17.07%. Analysts anticipate that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from The Ensign Group’s previous quarterly dividend of $0.06. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.19%. The Ensign Group’s dividend payout ratio (DPR) is 4.89%.

Wall Street Analysts Forecast Growth

ENSG has been the subject of a number of analyst reports. UBS Group initiated coverage on shares of The Ensign Group in a research note on Thursday, November 21st. They issued a “buy” rating and a $175.00 price objective for the company. Truist Financial reduced their price objective on shares of The Ensign Group from $170.00 to $155.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Macquarie raised their target price on shares of The Ensign Group from $165.00 to $166.00 and gave the company an “outperform” rating in a research note on Tuesday, February 4th. Finally, Stephens reaffirmed an “overweight” rating and set a $155.00 target price on shares of The Ensign Group in a research note on Thursday, February 6th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.17.

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.