Victory Capital Management Inc. Lowers Stake in The Ensign Group, Inc. (NASDAQ:ENSG)

Victory Capital Management Inc. lowered its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSGGet Rating) by 1.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 262,275 shares of the company’s stock after selling 4,226 shares during the period. Victory Capital Management Inc. owned approximately 0.47% of The Ensign Group worth $20,851,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC boosted its position in shares of The Ensign Group by 51.7% during the 3rd quarter. CWM LLC now owns 402 shares of the company’s stock worth $32,000 after purchasing an additional 137 shares during the period. Ronald Blue Trust Inc. purchased a new position in shares of The Ensign Group during the 2nd quarter worth approximately $36,000. Lindbrook Capital LLC boosted its position in shares of The Ensign Group by 79.7% during the 2nd quarter. Lindbrook Capital LLC now owns 496 shares of the company’s stock worth $36,000 after purchasing an additional 220 shares during the period. Quantbot Technologies LP purchased a new position in shares of The Ensign Group during the 1st quarter worth approximately $46,000. Finally, Wipfli Financial Advisors LLC purchased a new position in shares of The Ensign Group during the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 88.80% of the company’s stock.

The Ensign Group Price Performance

The Ensign Group stock opened at $91.12 on Wednesday. The stock has a market cap of $5.06 billion, a P/E ratio of 24.30, a price-to-earnings-growth ratio of 1.44 and a beta of 0.98. The company has a fifty day simple moving average of $94.19 and a 200-day simple moving average of $88.16. The Ensign Group, Inc. has a 12-month low of $70.29 and a 12-month high of $99.52. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.13.

The Ensign Group (NASDAQ:ENSGGet Rating) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. The business had revenue of $770.01 million during the quarter, compared to analysts’ expectations of $749.71 million. The Ensign Group had a net margin of 7.32% and a return on equity of 19.42%. Equities analysts expect that The Ensign Group, Inc. will post 3.84 EPS for the current fiscal year.

The Ensign Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Saturday, December 31st will be paid a dividend of $0.058 per share. This is a positive change from The Ensign Group’s previous quarterly dividend of $0.06. This represents a $0.23 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, December 29th. The Ensign Group’s dividend payout ratio (DPR) is currently 6.13%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ENSG. StockNews.com raised shares of The Ensign Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 5th. Oppenheimer raised their price target on shares of The Ensign Group from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, January 19th. Royal Bank of Canada raised their price target on shares of The Ensign Group from $95.00 to $102.00 and gave the company an “outperform” rating in a research report on Tuesday, November 1st. Finally, Stephens raised their price target on shares of The Ensign Group from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Friday, October 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $102.60.

Insider Buying and Selling

In related news, VP Beverly B. Wittekind sold 2,500 shares of The Ensign Group stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $92.00, for a total transaction of $230,000.00. Following the sale, the vice president now directly owns 40,566 shares in the company, valued at approximately $3,732,072. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Daren Shaw sold 2,000 shares of The Ensign Group stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $92.53, for a total transaction of $185,060.00. Following the sale, the director now directly owns 37,000 shares in the company, valued at approximately $3,423,610. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Beverly B. Wittekind sold 2,500 shares of The Ensign Group stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $92.00, for a total transaction of $230,000.00. Following the sale, the vice president now owns 40,566 shares in the company, valued at $3,732,072. The disclosure for this sale can be found here. Insiders have sold 23,616 shares of company stock worth $2,248,882 in the last ninety days. 4.70% of the stock is owned by corporate insiders.

About The Ensign Group

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The Ensign Group, Inc engages in the provision of healthcare services, as well as emergency care centers and mobile ancillary businesses. It operates through the following business segments: Transitional and Skilled Services, Senior Living Services, and Home Health and Hospice Services. The company was founded by Roy E.

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Institutional Ownership by Quarter for The Ensign Group (NASDAQ:ENSG)

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