Consolidated Planning Corp Purchases 1,141 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Consolidated Planning Corp boosted its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 27.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,332 shares of the company’s stock after acquiring an additional 1,141 shares during the period. Consolidated Planning Corp’s holdings in The Ensign Group were worth $708,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. purchased a new position in The Ensign Group during the 3rd quarter valued at about $151,827,000. FMR LLC grew its holdings in The Ensign Group by 42.3% during the 3rd quarter. FMR LLC now owns 1,995,971 shares of the company’s stock valued at $287,061,000 after buying an additional 593,779 shares in the last quarter. Wellington Management Group LLP grew its holdings in The Ensign Group by 54.6% during the 3rd quarter. Wellington Management Group LLP now owns 649,764 shares of the company’s stock valued at $93,449,000 after buying an additional 229,586 shares in the last quarter. World Investment Advisors LLC purchased a new position in The Ensign Group during the 3rd quarter valued at about $21,744,000. Finally, Westfield Capital Management Co. LP purchased a new position in The Ensign Group during the 3rd quarter valued at about $18,843,000. 96.12% of the stock is currently owned by institutional investors.

The Ensign Group Stock Performance

NASDAQ:ENSG opened at $126.12 on Thursday. The business has a 50 day moving average of $136.76 and a 200 day moving average of $143.59. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 1.62 and a beta of 0.94. The Ensign Group, Inc. has a 1-year low of $113.27 and a 1-year high of $158.45. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.56 and a quick ratio of 1.56.

The Ensign Group (NASDAQ:ENSG) last released its earnings results on Wednesday, February 5th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.11). The Ensign Group had a return on equity of 17.07% and a net margin of 6.99%. On average, sell-side analysts predict that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a $0.0625 dividend. This is an increase from The Ensign Group’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.25 dividend on an annualized basis and a yield of 0.20%. The Ensign Group’s payout ratio is presently 4.89%.

Insider Buying and Selling

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $138.48, for a total value of $96,936.00. Following the completion of the sale, the director now owns 30,752 shares in the company, valued at approximately $4,258,536.96. The trade was a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Christopher R. Christensen sold 39,086 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $148.52, for a total value of $5,805,052.72. Following the completion of the sale, the chairman now owns 12,539 shares of the company’s stock, valued at $1,862,292.28. The trade was a 75.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,486 shares of company stock worth $5,995,390 in the last quarter. 3.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Stephens reissued an “overweight” rating and set a $155.00 price objective on shares of The Ensign Group in a report on Thursday, February 6th. Truist Financial cut their price objective on The Ensign Group from $170.00 to $155.00 and set a “hold” rating for the company in a report on Monday, January 6th. Oppenheimer boosted their price objective on The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Royal Bank of Canada boosted their price objective on The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, Macquarie boosted their price objective on The Ensign Group from $165.00 to $166.00 and gave the stock an “outperform” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.17.

The Ensign Group Company 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.