Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in The Ensign Group, Inc. (NASDAQ:ENSG – Free Report) by 40.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,573 shares of the company’s stock after selling 25,711 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in The Ensign Group were worth $3,492,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Fortis Capital Advisors LLC acquired a new stake in shares of The Ensign Group during the fourth quarter worth $26,000. Natixis acquired a new stake in The Ensign Group during the fourth quarter worth about $26,000. Cornerstone Planning Group LLC bought a new position in The Ensign Group in the second quarter worth about $27,000. Carmel Capital Partners LLC acquired a new position in The Ensign Group in the third quarter valued at approximately $30,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of The Ensign Group by 117.7% during the first quarter. Advisors Asset Management Inc. now owns 381 shares of the company’s stock valued at $36,000 after purchasing an additional 206 shares during the last quarter. 93.02% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other The Ensign Group news, Chairman Christopher R. Christensen sold 10,800 shares of The Ensign Group stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $117.56, for a total value of $1,269,648.00. Following the completion of the sale, the chairman now directly owns 147,400 shares in the company, valued at $17,328,344. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other The Ensign Group news, Chairman Christopher R. Christensen sold 57,982 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $118.05, for a total transaction of $6,844,775.10. Following the completion of the sale, the chairman now owns 155,703 shares of the company’s stock, valued at $18,380,739.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Christopher R. Christensen sold 10,800 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $117.56, for a total value of $1,269,648.00. Following the transaction, the chairman now owns 147,400 shares in the company, valued at approximately $17,328,344. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by corporate insiders.
The Ensign Group Price Performance
The Ensign Group Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Sunday, December 31st were paid a $0.06 dividend. This is a boost from The Ensign Group’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, December 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.20%. The Ensign Group’s payout ratio is presently 6.56%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on The Ensign Group from $112.00 to $133.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Oppenheimer upped their price target on shares of The Ensign Group from $127.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Stephens lifted their price objective on shares of The Ensign Group from $112.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, The Ensign Group presently has an average rating of “Moderate Buy” and a consensus target price of $119.20.
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.
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