Virginia Retirement Systems ET AL raised its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 7.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,600 shares of the company’s stock after acquiring an additional 600 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in The Ensign Group were worth $807,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of The Ensign Group by 3.5% during the 4th quarter. BlackRock Inc. now owns 7,862,409 shares of the company’s stock valued at $573,327,000 after acquiring an additional 268,932 shares during the period. Riverbridge Partners LLC lifted its holdings in shares of The Ensign Group by 44.7% in the 1st quarter. Riverbridge Partners LLC now owns 1,362,163 shares of the company’s stock valued at $127,825,000 after acquiring an additional 420,751 shares during the last quarter. Crewe Advisors LLC lifted its holdings in shares of The Ensign Group by 539.6% in the 1st quarter. Crewe Advisors LLC now owns 1,231,264 shares of the company’s stock valued at $115,542,000 after acquiring an additional 1,038,760 shares during the last quarter. Northern Trust Corp lifted its stake in The Ensign Group by 1.8% in the fourth quarter. Northern Trust Corp now owns 787,822 shares of the company’s stock worth $57,448,000 after purchasing an additional 13,742 shares during the last quarter. Finally, Van Berkom & Associates Inc. lifted its stake in The Ensign Group by 116.1% in the fourth quarter. Van Berkom & Associates Inc. now owns 588,735 shares of the company’s stock worth $42,931,000 after purchasing an additional 316,238 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.
A number of brokerages have recently commented on ENSG. Royal Bank of Canada raised their target price on shares of The Ensign Group from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, May 10th. Truist Financial raised their target price on shares of The Ensign Group from $90.00 to $98.00 in a research report on Wednesday, April 14th. Finally, Truist Securities lifted their price objective on shares of The Ensign Group from $90.00 to $98.00 and gave the company a “hold” rating in a report on Tuesday, April 20th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $79.00.
The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Thursday, April 29th. The company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.08. The business had revenue of $627.25 million during the quarter, compared to the consensus estimate of $633.25 million. The Ensign Group had a net margin of 6.49% and a return on equity of 21.65%. Equities analysts forecast that The Ensign Group, Inc. will post 2.85 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 30th. Investors of record on Wednesday, March 31st were given a dividend of $0.0525 per share. The ex-dividend date of this dividend was Tuesday, March 30th. This represents a $0.21 dividend on an annualized basis and a yield of 0.25%. The Ensign Group’s dividend payout ratio is presently 10.05%.
In other The Ensign Group news, VP Beverly B. Wittekind sold 8,000 shares of The Ensign Group stock in a transaction on Wednesday, April 14th. The shares were sold at an average price of $90.76, for a total value of $726,080.00. Following the completion of the transaction, the vice president now owns 46,891 shares of the company’s stock, valued at $4,255,827.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Chad Keetch sold 15,348 shares of The Ensign Group stock in a transaction on Monday, March 29th. The shares were sold at an average price of $92.90, for a total transaction of $1,425,829.20. Following the completion of the transaction, the executive vice president now directly owns 81,827 shares of the company’s stock, valued at approximately $7,601,728.30. The disclosure for this sale can be found here. Insiders sold 27,314 shares of company stock valued at $2,498,015 in the last ninety days. 6.80% of the stock is owned by corporate insiders.
The Ensign Group Profile
The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. It operates in two segments, Transitional and Skilled Services and Real Estate. The company offers transitional and skilled services, which include short and long-term nursing care services for patients with chronic conditions, prolonged illness, and the elderly; and physical, occupational, and speech therapies and other rehabilitative and healthcare services.
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