Shell Asset Management Co. decreased its position in The Ensign Group Inc. (NASDAQ:ENSG) by 33.1% during the third quarter, Holdings Channel reports. The fund owned 62,492 shares of the company’s stock after selling 30,946 shares during the period. Shell Asset Management Co. owned 0.12% of The Ensign Group worth $1,258,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in The Ensign Group by 5.2% in the second quarter. Principal Financial Group Inc. now owns 341,095 shares of the company’s stock worth $7,166,000 after buying an additional 16,947 shares during the last quarter. Prudential Financial Inc. boosted its stake in The Ensign Group by 2.1% in the second quarter. Prudential Financial Inc. now owns 115,772 shares of the company’s stock worth $2,432,000 after buying an additional 2,420 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in The Ensign Group by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,868,457 shares of the company’s stock worth $39,256,000 after buying an additional 80,297 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in The Ensign Group by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 6,806 shares of the company’s stock worth $143,000 after buying an additional 821 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in The Ensign Group by 14.2% in the second quarter. UBS Asset Management Americas Inc. now owns 24,900 shares of the company’s stock worth $523,000 after buying an additional 3,100 shares during the last quarter. Institutional investors own 86.96% of the company’s stock.
The Ensign Group Inc. (NASDAQ:ENSG) traded down 1.55% on Thursday, reaching $20.28. The company’s stock had a trading volume of 210,679 shares. The stock has a 50-day moving average of $21.81 and a 200-day moving average of $20.58. The stock has a market cap of $1.03 billion, a P/E ratio of 23.55 and a beta of 0.99. The Ensign Group Inc. has a one year low of $17.60 and a one year high of $23.86.
The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by $0.02. The Ensign Group had a net margin of 2.84% and a return on equity of 15.43%. The business had revenue of $428.07 million for the quarter, compared to analysts’ expectations of $427.01 million. During the same period last year, the business earned $0.60 earnings per share. The company’s quarterly revenue was up 21.9% on a year-over-year basis. On average, analysts predict that The Ensign Group Inc. will post $1.36 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Saturday, December 31st will be given a dividend of $0.0425 per share. The ex-dividend date is Wednesday, December 28th. This is a boost from The Ensign Group’s previous quarterly dividend of $0.04. This represents a $0.17 annualized dividend and a dividend yield of 0.84%. The Ensign Group’s dividend payout ratio (DPR) is 19.54%.
A number of research firms have recently commented on ENSG. Zacks Investment Research upgraded The Ensign Group from a “sell” rating to a “hold” rating in a research note on Monday, December 19th. JMP Securities cut The Ensign Group from a “market perform” rating to an “underperform” rating and set a $18.00 price objective on the stock. in a research note on Wednesday, January 4th. Finally, Cantor Fitzgerald restated a “buy” rating on shares of The Ensign Group in a research note on Thursday, December 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.80.
In related news, VP Chad Keetch sold 37,522 shares of the stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $22.26, for a total transaction of $835,239.72. Following the sale, the vice president now directly owns 49,141 shares of the company’s stock, valued at $1,093,878.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 37,900 shares of company stock worth $842,157 over the last ninety days. 6.50% of the stock is currently owned by insiders.
About The Ensign Group
The Ensign Group, Inc is a holding company. The Company, through its subsidiaries, provides healthcare services across the post-acute care continuum, as well as urgent care centers and mobile ancillary businesses. Its segments include transitional, skilled and assisted living services (TSA services); home health and hospice services, and all other.
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