Dimensional Fund Advisors LP reduced its holdings in The Ensign Group, Inc. (NASDAQ:ENSG – Free Report) by 11.9% during the 1st quarter, Holdings Channel reports. The fund owned 960,573 shares of the company’s stock after selling 130,265 shares during the quarter. Dimensional Fund Advisors LP’s holdings in The Ensign Group were worth $193,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in ENSG. Baillie Gifford & Co. raised its position in shares of The Ensign Group by 62.1% during the 4th quarter. Baillie Gifford & Co. now owns 4,569,254 shares of the company’s stock worth $795,964,000 after buying an additional 1,750,645 shares in the last quarter. Norges Bank bought a new position in shares of The Ensign Group in the fourth quarter valued at approximately $134,660,000. Turtle Creek Asset Management Inc. acquired a new position in shares of The Ensign Group during the third quarter valued at approximately $78,840,000. Wasatch Advisors LP increased its stake in shares of The Ensign Group by 6.0% during 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 period. Finally, Candriam S.C.A. raised its holdings in The Ensign Group by 264.9% during the first quarter. Candriam S.C.A. now owns 259,917 shares of the company’s stock worth $52,373,000 after purchasing an additional 188,679 shares in the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.
The Ensign Group Stock Performance
Shares of NASDAQ ENSG opened at $172.99 on Friday. The company has a market cap of $10.11 billion, a P/E ratio of 28.17, a P/E/G ratio of 1.64 and a beta of 0.69. The Ensign Group, Inc. has a 12 month low of $141.58 and a 12 month high of $218.00. The business’s 50 day moving average is $165.30 and its two-hundred day moving average is $183.85. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.06.
The Ensign Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be issued a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 30th. The Ensign Group’s payout ratio is presently 4.23%.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Weiss Ratings cut shares of The Ensign Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 16th. Royal Bank Of Canada restated an “outperform” rating on shares of The Ensign Group in a research report on Tuesday, June 9th. Truist Financial reduced their price objective on The Ensign Group from $215.00 to $202.00 and set a “hold” rating for the company in a research note on Tuesday, July 14th. Wall Street Zen lowered The Ensign Group from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Zacks Research downgraded shares of The Ensign Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.50.
Get Our Latest Stock Report on The Ensign Group
Insider Buying and Selling
In other The Ensign Group news, Director Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $164.28, for a total value of $114,996.00. Following the completion of the transaction, the director owned 21,352 shares in the company, valued at approximately $3,507,706.56. The trade was a 3.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.00% of the stock is currently owned by company insiders.
The Ensign Group Company 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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