Public Sector Pension Investment Board Sells 117 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Public Sector Pension Investment Board trimmed its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSGGet Rating) by 0.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,561 shares of the company’s stock after selling 117 shares during the period. Public Sector Pension Investment Board’s holdings in The Ensign Group were worth $7,168,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Xponance Inc. lifted its holdings in shares of The Ensign Group by 16.8% in the second quarter. Xponance Inc. now owns 2,938 shares of the company’s stock valued at $216,000 after purchasing an additional 422 shares in the last quarter. Dakota Wealth Management acquired a new position in The Ensign Group during the 2nd quarter worth approximately $254,000. Y Intercept Hong Kong Ltd bought a new position in shares of The Ensign Group during the 2nd quarter worth approximately $289,000. AlphaCrest Capital Management LLC grew its stake in shares of The Ensign Group by 37.2% during the 1st quarter. AlphaCrest Capital Management LLC now owns 5,684 shares of the company’s stock worth $512,000 after acquiring an additional 1,542 shares in the last quarter. Finally, IndexIQ Advisors LLC acquired a new stake in shares of The Ensign Group in the first quarter valued at approximately $417,000. 88.82% of the stock is owned by institutional investors.

The Ensign Group Price Performance

Shares of NASDAQ ENSG opened at $92.93 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average price is $87.11 and its two-hundred day moving average price is $82.66. The company has a market cap of $5.16 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 1.64 and a beta of 1.00. The Ensign Group, Inc. has a twelve month low of $70.29 and a twelve month high of $95.14.

The Ensign Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, September 30th were issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Thursday, September 29th. The Ensign Group’s payout ratio is presently 5.87%.

Insider Activity at The Ensign Group

In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of The Ensign Group stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $92.53, for a total transaction of $185,060.00. Following the completion of the transaction, the director now directly owns 37,000 shares of the company’s stock, valued at $3,423,610. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Daren Shaw sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $92.53, for a total value of $185,060.00. Following the transaction, the director now owns 37,000 shares of the company’s stock, valued at $3,423,610. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Beverly B. Wittekind sold 3,311 shares of The Ensign Group stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $86.01, for a total value of $284,779.11. Following the sale, the vice president now directly owns 45,566 shares of the company’s stock, valued at $3,919,131.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,137 shares of company stock worth $1,986,116. Company insiders own 4.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ENSG. Truist Financial raised their target price on shares of The Ensign Group from $85.00 to $95.00 in a research report on Wednesday, August 3rd. Stephens increased their price target on The Ensign Group from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Friday, October 28th. Stifel Nicolaus raised their price target on The Ensign Group from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, September 15th. Oppenheimer increased their price objective on The Ensign Group to $105.00 in a report on Tuesday, November 1st. Finally, Royal Bank of Canada boosted their target price on shares of The Ensign Group from $95.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday, November 1st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, The Ensign Group has a consensus rating of “Moderate Buy” and an average price target of $101.60.

The Ensign Group Company Profile

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The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in two segments, Skilled Services and Real Estate. The company offers 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.

See Also

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Institutional Ownership by Quarter for The Ensign Group (NASDAQ:ENSG)

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