The Ensign Group, Inc. (NASDAQ:ENSG) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,281 shares of the company’s stock after selling 403 shares during the quarter. Mutual of America Capital Management LLC’s holdings in The Ensign Group were worth $1,148,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in The Ensign Group by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 6,661,581 shares of the company’s stock worth $828,834,000 after purchasing an additional 39,695 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of The Ensign Group by 9.2% during the fourth quarter. Capital Research Global Investors now owns 2,620,360 shares of the company’s stock worth $294,031,000 after buying an additional 221,838 shares during the last quarter. Dimensional Fund Advisors LP increased its position in The Ensign Group by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,322,526 shares of the company’s stock valued at $163,577,000 after acquiring an additional 35,862 shares during the period. Van Berkom & Associates Inc. increased its position in The Ensign Group by 2.1% in the 2nd quarter. Van Berkom & Associates Inc. now owns 877,211 shares of the company’s stock valued at $108,502,000 after acquiring an additional 18,412 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in The Ensign Group by 11.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 571,532 shares of the company’s stock valued at $70,693,000 after acquiring an additional 59,933 shares during the last quarter. Hedge funds and other institutional investors own 96.12% of the company’s stock.

The Ensign Group Stock Down 2.1 %

The Ensign Group stock opened at $147.43 on Friday. The stock’s 50 day moving average price is $145.56 and its 200 day moving average price is $129.95. The Ensign Group, Inc. has a 1-year low of $90.00 and a 1-year high of $154.93. The company has a market cap of $8.39 billion, a PE ratio of 38.80, a price-to-earnings-growth ratio of 2.03 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.53 and a quick ratio of 1.53.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.02. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 EPS. On average, sell-side analysts predict that The Ensign Group, Inc. will post 4.99 EPS for the current fiscal year.

The Ensign Group Dividend Announcement

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 dividend of $0.06 per share. The ex-dividend date is Monday, September 30th. This represents a $0.24 annualized dividend and a yield of 0.16%. The Ensign Group’s dividend payout ratio is presently 6.32%.

Insiders Place Their Bets

In related news, CEO Barry Port sold 5,618 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.00, for a total value of $842,700.00. Following the sale, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $8,057,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Daren Shaw sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were 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 of the company’s stock, valued at $4,127,303.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Barry Port sold 5,618 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.00, for a total value of $842,700.00. Following the sale, the chief executive officer now owns 53,716 shares in the company, valued at approximately $8,057,400. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,736 shares of company stock worth $3,491,039. 3.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ENSG has been the topic of a number of recent research reports. Oppenheimer boosted their target price on The Ensign Group from $155.00 to $165.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Truist Financial boosted their price objective on shares of The Ensign Group from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Finally, Macquarie initiated coverage on shares of The Ensign Group in a research report on Friday, June 28th. They set an “outperform” rating and a $134.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Ensign Group has a consensus rating of “Moderate Buy” and an average target price of $139.50.

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.