OLD Mission Capital LLC Cuts Stock Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

OLD Mission Capital LLC cut its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 83.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,054 shares of the company’s stock after selling 24,856 shares during the quarter. OLD Mission Capital LLC’s holdings in The Ensign Group were worth $671,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC purchased a new stake in shares of The Ensign Group during the fourth quarter valued at $25,000. Avior Wealth Management LLC boosted its holdings in shares of The Ensign Group by 190.1% during the 4th quarter. Avior Wealth Management LLC now owns 206 shares of the company’s stock valued at $27,000 after acquiring an additional 135 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of The Ensign Group by 150.6% in the fourth quarter. Venturi Wealth Management LLC now owns 208 shares of the company’s stock worth $28,000 after acquiring an additional 125 shares during the period. CBIZ Investment Advisory Services LLC raised its holdings in shares of The Ensign Group by 38.8% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 354 shares of the company’s stock valued at $47,000 after purchasing an additional 99 shares during the last quarter. Finally, Asset Planning Inc bought a new position in The Ensign Group during the fourth quarter valued at approximately $80,000. 96.12% of the stock is owned by institutional investors.

Insider Buying and Selling at The Ensign Group

In other The Ensign Group news, Chairman Christopher R. Christensen sold 39,086 shares of The Ensign Group stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $148.52, for a total value of $5,805,052.72. Following the sale, the chairman now directly owns 12,539 shares in the company, valued at approximately $1,862,292.28. The trade was a 75.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daren Shaw sold 2,000 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $129.66, for a total transaction of $259,320.00. Following the transaction, the director now directly owns 26,325 shares of the company’s stock, valued at $3,413,299.50. This trade represents a 7.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,486 shares of company stock valued at $6,251,714 over the last ninety days. 3.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Truist Financial lowered their price target on The Ensign Group from $170.00 to $155.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Stephens reissued an “overweight” rating and issued a $155.00 target price on shares of The Ensign Group in a research report on Thursday, February 6th. Finally, Macquarie upped their price target on shares of The Ensign Group from $165.00 to $166.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, The Ensign Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.17.

The Ensign Group Stock Down 3.4 %

NASDAQ ENSG opened at $129.33 on Friday. The stock’s 50-day moving average price is $131.63 and its 200-day moving average price is $139.42. The company has a market capitalization of $7.43 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 1.52 and a beta of 0.98. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.08. The Ensign Group, Inc. has a 52 week low of $113.27 and a 52 week high of $158.45.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.11). The Ensign Group had a net margin of 6.99% and a return on equity of 17.07%. On average, equities research analysts predict that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

The Ensign Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.25 dividend on an annualized basis and a yield of 0.19%. The Ensign Group’s payout ratio is presently 4.89%.

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.