Epoch Investment Partners Inc. Cuts Stock Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Epoch Investment Partners Inc. trimmed its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSGFree Report) by 10.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,173 shares of the company’s stock after selling 14,938 shares during the period. Epoch Investment Partners Inc. owned about 0.23% of The Ensign Group worth $14,719,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Capital Research Global Investors boosted its position in The Ensign Group by 9.2% during the fourth quarter. Capital Research Global Investors now owns 2,620,360 shares of the company’s stock valued at $294,031,000 after buying an additional 221,838 shares during the period. Crewe Advisors LLC boosted its position in The Ensign Group by 3.1% during the fourth quarter. Crewe Advisors LLC now owns 1,211,171 shares of the company’s stock valued at $135,905,000 after buying an additional 36,587 shares during the period. Northern Trust Corp boosted its position in The Ensign Group by 8.4% during the third quarter. Northern Trust Corp now owns 788,500 shares of the company’s stock valued at $73,275,000 after buying an additional 61,127 shares during the period. FMR LLC boosted its position in The Ensign Group by 3.2% during the third quarter. FMR LLC now owns 750,388 shares of the company’s stock valued at $69,734,000 after buying an additional 23,215 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in The Ensign Group by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 732,166 shares of the company’s stock valued at $82,156,000 after buying an additional 7,110 shares during the period. 96.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $118.26, for a total transaction of $236,520.00. Following the completion of the transaction, the director now owns 30,250 shares of the company’s stock, valued at $3,577,365. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other The Ensign Group news, Director Ann Scott Blouin sold 350 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $116.47, for a total transaction of $40,764.50. Following the completion of the transaction, the director now owns 20,002 shares of the company’s stock, valued at $2,329,632.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daren Shaw sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $118.26, for a total transaction of $236,520.00. Following the transaction, the director now directly owns 30,250 shares of the company’s stock, valued at approximately $3,577,365. The disclosure for this sale can be found here. Insiders sold a total of 16,813 shares of company stock valued at $2,024,703 over the last three months. Corporate insiders own 3.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on ENSG shares. Oppenheimer increased their target price on shares of The Ensign Group from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Stephens reiterated an “overweight” rating and set a $135.00 target price on shares of The Ensign Group in a report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $124.60.

Check Out Our Latest Stock Report on The Ensign Group

The Ensign Group Trading Up 0.2 %

ENSG stock traded up $0.21 during trading on Friday, reaching $119.03. The company had a trading volume of 174,727 shares, compared to its average volume of 210,243. The Ensign Group, Inc. has a 52 week low of $88.79 and a 52 week high of $127.57. The company has a market cap of $6.78 billion, a P/E ratio of 31.32, a PEG ratio of 1.60 and a beta of 0.99. The business has a 50 day moving average of $118.81 and a 200 day moving average of $117.52. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.53 and a quick ratio of 1.53.

The Ensign Group (NASDAQ:ENSGGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported $1.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.19. The Ensign Group had a net margin of 5.67% and a return on equity of 17.60%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. As a group, sell-side analysts forecast that The Ensign Group, Inc. will post 4.95 earnings per share for the current fiscal year.

The Ensign Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Sunday, March 31st were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend was Wednesday, March 27th. The Ensign Group’s payout ratio is currently 6.32%.

The Ensign Group Profile

(Free Report)

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.

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

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