The Ensign Group, Inc. (NASDAQ:ENSG) CEO Sells $842,700.00 in Stock

The Ensign Group, Inc. (NASDAQ:ENSG) CEO Barry Port sold 5,618 shares of The Ensign Group stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.00, for a total transaction of $842,700.00. Following the sale, the chief executive officer now owns 53,716 shares of the company’s stock, valued at $8,057,400. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Barry Port also recently made the following trade(s):

• On Thursday, August 22nd, Barry Port sold 3,500 shares of The Ensign Group stock. The shares were sold at an average price of $145.00, for a total value of $507,500.00.
• On Tuesday, August 6th, Barry Port sold 3,000 shares of The Ensign Group stock. The stock was sold at an average price of $140.00, for a total value of $420,000.00.

The Ensign Group Trading Up 1.2 %

Shares of ENSG stock opened at $151.67 on Friday. The company has a market capitalization of $8.63 billion, a price-to-earnings ratio of 39.91, a PEG ratio of 2.02 and a beta of 0.99. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $139.22 and a 200 day moving average price of $127.10. The Ensign Group, Inc. has a twelve month low of $90.00 and a twelve month high of $152.63.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.02. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.08 earnings per share. Research analysts forecast that The Ensign Group, Inc. will post 4.99 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Sunday, June 30th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend was Friday, June 28th. The Ensign Group’s dividend payout ratio is currently 6.32%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Truist Financial lifted their price target on The Ensign Group from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Macquarie began coverage on shares of The Ensign Group in a report on Friday, June 28th. They issued an “outperform” rating and a $134.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.50.

Hedge Funds Weigh In On The Ensign Group

Several institutional investors have recently added to or reduced their stakes in ENSG. First Trust Direct Indexing L.P. purchased a new stake in The Ensign Group in the 4th quarter valued at about $266,000. Natixis Advisors L.P. increased its position in The Ensign Group by 2.6% during the fourth quarter. Natixis Advisors L.P. now owns 13,972 shares of the company’s stock worth $1,567,000 after purchasing an additional 359 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in The Ensign Group during the fourth quarter worth approximately $168,000. Sapient Capital LLC acquired a new position in shares of The Ensign Group in the 4th quarter valued at $217,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of The Ensign Group by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 732,166 shares of the company’s stock valued at $82,156,000 after buying an additional 7,110 shares during the period. 96.12% of the stock is currently owned by institutional investors and hedge funds.

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.