The Ensign Group, Inc. (NASDAQ:ENSG) CEO Barry Port Sells 2,000 Shares

The Ensign Group, Inc. (NASDAQ:ENSG) CEO Barry Port sold 2,000 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $155.00, for a total value of $310,000.00. Following the completion of the sale, the chief executive officer now owns 53,716 shares of the company’s stock, valued at approximately $8,325,980. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Barry Port also recently made the following trade(s):

• On Thursday, August 29th, Barry Port sold 5,618 shares of The Ensign Group stock. The shares were sold at an average price of $150.00, for a total value of $842,700.00.
• On Thursday, August 22nd, Barry Port sold 3,500 shares of The Ensign Group stock. The shares were sold at an average price of $145.00, for a total value of $507,500.00.
• On Tuesday, August 6th, Barry Port sold 3,000 shares of The Ensign Group stock. The shares were sold at an average price of $140.00, for a total value of $420,000.00.

The Ensign Group Stock Up 3.3 %

Shares of The Ensign Group stock traded up $5.04 on Tuesday, reaching $156.91. The company’s stock had a trading volume of 495,969 shares, compared to its average volume of 370,633. The company has a market capitalization of $8.93 billion, a price-to-earnings ratio of 39.97, a P/E/G ratio of 1.99 and a beta of 0.96. The firm’s fifty day simple moving average is $148.80 and its two-hundred day simple moving average is $133.93. The Ensign Group, Inc. has a 52 week low of $94.56 and a 52 week high of $157.13. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.09.

The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Thursday, October 24th. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 EPS. Equities analysts anticipate that The Ensign Group, Inc. will post 4.99 earnings per share for the current year.

The Ensign Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend is Monday, September 30th. The Ensign Group’s payout ratio is currently 6.32%.

Institutional Trading of The Ensign Group

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of The Ensign Group by 0.6% in the first quarter. Vanguard Group Inc. now owns 6,661,581 shares of the company’s stock worth $828,834,000 after acquiring an additional 39,695 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of The Ensign Group by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,322,526 shares of the company’s stock worth $163,577,000 after acquiring an additional 35,862 shares during the period. Van Berkom & Associates Inc. grew its holdings in shares of The Ensign Group by 2.1% in the second quarter. Van Berkom & Associates Inc. now owns 877,211 shares of the company’s stock worth $108,502,000 after acquiring an additional 18,412 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of The Ensign Group by 11.7% in the second quarter. Bank of New York Mellon Corp now owns 571,532 shares of the company’s stock worth $70,693,000 after acquiring an additional 59,933 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of The Ensign Group by 15.7% in the second quarter. Sei Investments Co. now owns 306,103 shares of the company’s stock worth $37,862,000 after acquiring an additional 41,429 shares during the period. Institutional investors own 96.12% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on ENSG shares. Stephens raised their target price on The Ensign Group from $163.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday. Truist Financial raised their target price on The Ensign Group from $160.00 to $170.00 and gave the company a “hold” rating in a research note on Monday. Oppenheimer raised their target price on The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Royal Bank of Canada lifted their price objective on The Ensign Group from $167.00 to $172.00 and gave the company an “outperform” rating in a research note on Monday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $162.20.

About The Ensign Group

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.