Peterson Wealth Services boosted its position in The Ensign Group, Inc. (NASDAQ:ENSG – Free Report) by 417.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,103 shares of the company’s stock after buying an additional 5,731 shares during the quarter. Peterson Wealth Services’ holdings in The Ensign Group were worth $1,237,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in ENSG. Baillie Gifford & Co. boosted its holdings in The Ensign Group by 62.1% in the fourth quarter. Baillie Gifford & Co. now owns 4,569,254 shares of the company’s stock valued at $795,964,000 after acquiring an additional 1,750,645 shares during the last quarter. Norges Bank bought a new position in The Ensign Group in the fourth quarter valued at about $134,660,000. Turtle Creek Asset Management Inc. bought a new position in The Ensign Group in the third quarter valued at about $78,840,000. Victory Capital Management Inc. boosted its holdings in The Ensign Group by 195.4% in the third quarter. Victory Capital Management Inc. now owns 513,328 shares of the company’s stock valued at $88,688,000 after acquiring an additional 339,534 shares during the last quarter. Finally, Wasatch Advisors LP boosted its holdings in The Ensign Group by 6.0% in the second quarter. Wasatch Advisors LP now owns 3,558,675 shares of the company’s stock valued at $548,961,000 after acquiring an additional 199,983 shares during the last quarter. Institutional investors own 96.12% of the company’s stock.
The Ensign Group Trading Down 3.0%
NASDAQ ENSG opened at $147.13 on Friday. The firm has a market cap of $8.60 billion, a P/E ratio of 23.96, a P/E/G ratio of 1.49 and a beta of 0.68. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.56 and a quick ratio of 1.56. The stock’s 50-day moving average is $180.93 and its 200-day moving average is $186.99. The Ensign Group, Inc. has a one year low of $134.79 and a one year high of $218.00.
The Ensign Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.065 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.2%. The Ensign Group’s dividend payout ratio (DPR) is currently 4.23%.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. Wall Street Zen lowered The Ensign Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Zacks Research lowered The Ensign Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings reissued a “buy (b)” rating on shares of The Ensign Group in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of The Ensign Group in a research note on Tuesday. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $216.75.
View Our Latest Stock Analysis on ENSG
Insider Transactions at The Ensign Group
In other news, Director John O. Agwunobi sold 392 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $199.97, for a total transaction of $78,388.24. Following the sale, the director owned 9,295 shares of the company’s stock, valued at $1,858,721.15. This trade represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Barry M. Smith sold 700 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $164.28, for a total value of $114,996.00. Following the transaction, the director owned 21,352 shares of the company’s stock, valued at approximately $3,507,706.56. The trade was a 3.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 2,592 shares of company stock worth $478,246. 4.00% of the stock is currently owned by insiders.
Trending Headlines about The Ensign Group
Here are the key news stories impacting The Ensign Group this week:
- Negative Sentiment: Muddy Waters raised compliance concerns, adding to the selloff and intensifying investor worries about the company’s reporting and operational controls. Ensign Group shares drop after Muddy Waters raises compliance concerns
- Negative Sentiment: Multiple law firms, including Rosen Law Firm, Block & Leviton, Schall, Johnson Fistel, Levi & Korsinsky, and Frank R. Cruz, announced or promoted securities-fraud investigations tied to allegations that ENSG may have provided misleading business information. ENSG Investor News: If You Have Suffered Losses in Ensign Group, Inc. (NASDAQ: ENSG), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
- Negative Sentiment: The core allegation is that Ensign inflated CMS star ratings, a key quality metric that can affect reimbursement rates, investor confidence, and valuation. Potential Securities Fraud: Levi & Korsinsky Investigates The Ensign Group, Inc. (ENSG)
- Neutral Sentiment: A Zacks commentary said Ensign still has long-term support from rising occupancy, acquisitions, real estate growth, strong cash flow, and low debt, though those positives are being overshadowed by the investigation headlines. Here’s Why Investors Continue to Hold Ensign Group Stock
The Ensign Group Profile
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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