State of Alaska Department of Revenue cut its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 16.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,685 shares of the company’s stock after selling 7,612 shares during the period. State of Alaska Department of Revenue’s holdings in The Ensign Group were worth $2,893,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Glenmede Trust Co. NA grew its holdings in shares of The Ensign Group by 75.5% in the second quarter. Glenmede Trust Co. NA now owns 832 shares of the company’s stock valued at $34,000 after acquiring an additional 358 shares in the last quarter. Private Advisor Group LLC bought a new position in The Ensign Group during the second quarter valued at $74,000. FMR LLC grew its holdings in The Ensign Group by 119.0% during the first quarter. FMR LLC now owns 1,682 shares of the company’s stock valued at $86,000 after purchasing an additional 914 shares during the period. Crewe Advisors LLC bought a new position in The Ensign Group during the third quarter valued at $114,000. Finally, Meeder Asset Management Inc. grew its holdings in The Ensign Group by 35.1% during the third quarter. Meeder Asset Management Inc. now owns 2,248 shares of the company’s stock valued at $129,000 after purchasing an additional 584 shares during the period. 76.20% of the stock is owned by institutional investors.
ENSG has been the subject of several research reports. Stephens raised The Ensign Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $61.00 to $79.00 in a report on Wednesday, November 11th. Truist increased their price objective on The Ensign Group from $64.00 to $82.00 in a report on Tuesday, January 5th. Finally, BidaskClub lowered The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 7th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The Ensign Group currently has a consensus rating of “Buy” and a consensus target price of $63.43.
The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Wednesday, October 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.10. The firm had revenue of $599.26 million for the quarter, compared to the consensus estimate of $599.68 million. The Ensign Group had a return on equity of 21.65% and a net margin of 6.49%. On average, analysts expect that The Ensign Group, Inc. will post 2.85 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, January 31st. Investors of record on Thursday, December 31st will be given a $0.0525 dividend. The ex-dividend date is Wednesday, December 30th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 0.25%. The Ensign Group’s dividend payout ratio (DPR) is presently 10.05%.
In related news, Director Daren Shaw sold 625 shares of the stock in a transaction on Monday, November 30th. The stock was sold at an average price of $71.53, for a total value of $44,706.25. Following the sale, the director now owns 43,250 shares in the company, valued at $3,093,672.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Spencer Burton sold 10,812 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $64.00, for a total value of $691,968.00. Following the completion of the sale, the chief operating officer now owns 35,402 shares in the company, valued at approximately $2,265,728. The disclosure for this sale can be found here. Insiders sold 163,403 shares of company stock worth $11,298,156 in the last quarter. 6.80% of the stock is currently owned by company insiders.
The Ensign Group Company Profile
The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company offers transitional and skilled services, which include short and long-term nursing care services for patients with chronic conditions, prolonged illness, and the elderly. It also provides standard services, such as room and board, special nutritional program, social, recreational, entertainment, and other services.
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