Orion Portfolio Solutions LLC Has $1.28 Million Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Orion Portfolio Solutions LLC lessened its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,614 shares of the company’s stock after selling 222 shares during the period. Orion Portfolio Solutions LLC’s holdings in The Ensign Group were worth $1,277,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of The Ensign Group by 5.1% during the third quarter. Geode Capital Management LLC now owns 1,363,822 shares of the company’s stock worth $196,181,000 after purchasing an additional 66,314 shares during the period. Copeland Capital Management LLC lifted its position in The Ensign Group by 0.8% in the 4th quarter. Copeland Capital Management LLC now owns 944,077 shares of the company’s stock worth $125,430,000 after buying an additional 7,542 shares in the last quarter. Norges Bank acquired a new stake in shares of The Ensign Group during the 4th quarter valued at $90,747,000. Wellington Management Group LLP grew its holdings in shares of 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 acquiring an additional 229,586 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of The Ensign Group by 8.2% in the fourth quarter. Bank of New York Mellon Corp now owns 557,717 shares of the company’s stock worth $74,098,000 after acquiring an additional 42,184 shares during the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.

The Ensign Group Trading Down 3.4 %

Shares of The Ensign Group stock opened at $129.33 on Friday. The Ensign Group, Inc. has a 1 year low of $113.27 and a 1 year high of $158.45. The company’s fifty day simple moving average is $131.63 and its 200-day simple moving average is $139.42. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 1.52 and a beta of 0.98. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.08.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.36 EPS 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%. As a group, sell-side analysts expect that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.0625 per share. The ex-dividend date is Monday, March 31st. This represents a $0.25 annualized dividend and a yield of 0.19%. The Ensign Group’s dividend payout ratio is currently 4.89%.

Analyst Upgrades and Downgrades

ENSG has been the topic of a number of recent research reports. Truist Financial lowered their target price on The Ensign Group from $170.00 to $155.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Stephens restated an “overweight” rating and set a $155.00 price target on shares of The Ensign Group in a report on Thursday, February 6th. Finally, Macquarie upped their price objective on shares of The Ensign Group from $165.00 to $166.00 and gave the stock an “outperform” rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $165.17.

Insider Buying and Selling at The Ensign Group

In other news, Director Daren Shaw sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $129.66, for a total value of $259,320.00. Following the transaction, the director now directly owns 26,325 shares of the company’s stock, valued at $3,413,299.50. The trade was a 7.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Christopher R. Christensen sold 39,086 shares of the firm’s stock in a transaction 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 sale, the chairman now directly owns 12,539 shares of the company’s stock, valued at $1,862,292.28. This represents a 75.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,486 shares of company stock valued at $6,251,714. 3.90% of the stock is currently owned by company insiders.

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.