The Ensign Group, Inc. (NASDAQ:ENSG) Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 4.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,611 shares of the company’s stock after selling 311 shares during the quarter. Atria Investments Inc’s holdings in The Ensign Group were worth $951,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in The Ensign Group during the 2nd quarter valued at about $31,000. EntryPoint Capital LLC bought a new stake in shares of The Ensign Group during the first quarter valued at approximately $34,000. Signaturefd LLC boosted its position in shares of The Ensign Group by 115.2% during the third quarter. Signaturefd LLC now owns 284 shares of the company’s stock worth $41,000 after buying an additional 152 shares during the period. LRI Investments LLC bought a new position in The Ensign Group in the 1st quarter worth approximately $45,000. Finally, Canada Pension Plan Investment Board acquired a new stake in The Ensign Group in the 2nd quarter valued at approximately $49,000. Institutional investors own 96.12% of the company’s stock.

Insider Activity

In other The Ensign Group news, CEO Barry Port sold 2,000 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $155.00, for a total transaction of $310,000.00. Following the completion of the sale, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at approximately $8,325,980. This represents a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 11,118 shares of company stock worth $1,660,200. Insiders own 3.90% of the company’s stock.

The Ensign Group Trading Down 1.5 %

Shares of ENSG stock opened at $143.49 on Monday. 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 stock has a 50-day simple moving average of $149.39 and a 200 day simple moving average of $137.13. The Ensign Group, Inc. has a fifty-two week low of $104.18 and a fifty-two week high of $158.45. The stock has a market capitalization of $8.22 billion, a P/E ratio of 34.74, a P/E/G ratio of 1.91 and a beta of 0.95.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.01. The Ensign Group had a net margin of 5.84% and a return on equity of 17.21%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm posted $1.10 EPS. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, sell-side analysts expect that The Ensign Group, Inc. will post 5 earnings per share for the current fiscal year.

The Ensign Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.17%. The Ensign Group’s dividend payout ratio is currently 5.81%.

Wall Street Analyst Weigh In

ENSG has been the subject of several recent analyst reports. Truist Financial increased their price target on The Ensign Group from $160.00 to $170.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Royal Bank of Canada increased their target price on shares of The Ensign Group from $167.00 to $172.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Stephens boosted their price target on shares of The Ensign Group from $163.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Finally, Oppenheimer increased their price objective on shares of The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a report on Friday, October 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, The Ensign Group currently has an average rating of “Moderate Buy” and an average price target of $162.20.

The Ensign Group Profile

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.