Mutual of America Capital Management LLC Sells 966 Shares of The Ensign Group, Inc. $ENSG

Mutual of America Capital Management LLC trimmed its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,381 shares of the company’s stock after selling 966 shares during the quarter. Mutual of America Capital Management LLC’s holdings in The Ensign Group were worth $4,378,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of The Ensign Group by 14.2% during the first quarter. GAMMA Investing LLC now owns 2,614 shares of the company’s stock worth $338,000 after purchasing an additional 326 shares during the period. SG Americas Securities LLC bought a new position in The Ensign Group during the 1st quarter worth $343,000. State of Alaska Department of Revenue increased its stake in The Ensign Group by 2.9% during the 1st quarter. State of Alaska Department of Revenue now owns 6,680 shares of the company’s stock worth $864,000 after acquiring an additional 190 shares during the period. Blue Trust Inc. increased its stake in The Ensign Group by 39.0% during the 1st quarter. Blue Trust Inc. now owns 467 shares of the company’s stock worth $60,000 after acquiring an additional 131 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in The Ensign Group by 23.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,298 shares of the company’s stock worth $1,074,000 after acquiring an additional 1,564 shares during the period. 96.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ENSG has been the topic of a number of recent analyst reports. UBS Group raised their price target on The Ensign Group from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Truist Financial set a $190.00 target price on shares of The Ensign Group in a report on Tuesday, October 14th. Stephens raised their target price on shares of 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 research note on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $176.83.

The Ensign Group Stock Performance

The Ensign Group stock opened at $184.79 on Thursday. The stock has a market cap of $10.66 billion, a PE ratio of 33.54, a P/E/G ratio of 2.10 and a beta of 0.93. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average price is $172.25 and its two-hundred day moving average price is $153.34. The Ensign Group, Inc. has a 12-month low of $118.73 and a 12-month high of $185.69.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings results on Thursday, July 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.05. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. The Ensign Group had a net margin of 6.99% and a return on equity of 16.92%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.32 EPS. As a group, analysts expect that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a dividend of $0.0625 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The Ensign Group’s payout ratio is currently 4.54%.

Insiders Place Their Bets

In related news, Director Barry M. Smith sold 700 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $172.06, for a total transaction of $120,442.00. Following the sale, the director owned 27,052 shares in the company, valued at $4,654,567.12. The trade was a 2.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.90% of the stock is owned by corporate insiders.

About The Ensign Group

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.