Allspring Global Investments Holdings LLC Has $15.92 Million Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Allspring Global Investments Holdings LLC raised its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 40.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 128,694 shares of the company’s stock after purchasing an additional 37,047 shares during the period. Allspring Global Investments Holdings LLC’s holdings in The Ensign Group were worth $15,918,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ENSG. Intrust Bank NA raised its position in The Ensign Group by 6.7% in the 4th quarter. Intrust Bank NA now owns 4,339 shares of the company’s stock valued at $487,000 after buying an additional 273 shares during the last quarter. First Trust Direct Indexing L.P. bought a new stake in shares of The Ensign Group in the fourth quarter worth $266,000. Natixis Advisors L.P. boosted its holdings in The Ensign Group by 2.6% during the fourth quarter. Natixis Advisors L.P. now owns 13,972 shares of the company’s stock worth $1,567,000 after purchasing an additional 359 shares during the last quarter. SRS Capital Advisors Inc. grew its position in The Ensign Group by 333.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 576 shares of the company’s stock valued at $65,000 after purchasing an additional 443 shares in the last quarter. Finally, Westover Capital Advisors LLC increased its stake in The Ensign Group by 5.1% in the 4th quarter. Westover Capital Advisors LLC now owns 22,596 shares of the company’s stock valued at $2,535,000 after buying an additional 1,101 shares during the last quarter. 96.12% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Barry Port sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $140.00, for a total value of $420,000.00. Following the transaction, the chief executive officer now owns 53,716 shares in the company, valued at approximately $7,520,240. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $141.71, for a total transaction of $283,420.00. Following the transaction, the director now owns 29,125 shares in the company, valued at approximately $4,127,303.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Barry Port sold 3,000 shares of The Ensign Group stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $140.00, for a total value of $420,000.00. Following the sale, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at approximately $7,520,240. The disclosure for this sale can be found here. Insiders have sold 19,118 shares of company stock valued at $2,648,339 over the last ninety days. 3.90% of the stock is currently owned by company insiders.

The Ensign Group Trading Up 0.3 %

The Ensign Group stock opened at $148.66 on Thursday. The stock has a 50-day simple moving average of $135.67 and a 200 day simple moving average of $125.87. The stock has a market capitalization of $8.46 billion, a P/E ratio of 39.12, a PEG ratio of 1.88 and a beta of 0.99. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.53 and a current ratio of 1.53. The Ensign Group, Inc. has a 52 week low of $90.00 and a 52 week high of $149.65.

The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Thursday, July 25th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.30 by $0.02. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the company posted $1.08 EPS. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. Analysts expect that The Ensign Group, Inc. will post 4.95 earnings per share for the current year.

The Ensign Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Sunday, June 30th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.16%. The Ensign Group’s dividend payout ratio is currently 6.32%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Macquarie assumed coverage on shares of The Ensign Group in a research note on Friday, June 28th. They set an “outperform” rating and a $134.00 price objective for the company. Oppenheimer raised their price target on The Ensign Group from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Finally, Truist Financial upped their price objective on The Ensign Group from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, The Ensign Group has an average rating of “Moderate Buy” and an average price target of $134.50.

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.