Sequoia Financial Advisors LLC Cuts Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Sequoia Financial Advisors LLC lessened its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 10.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,338 shares of the company’s stock after selling 387 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in The Ensign Group were worth $443,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ENSG. Retirement Wealth Solutions LLC purchased a new position in The Ensign Group in the fourth quarter valued at $25,000. Avior Wealth Management LLC boosted its position in shares of The Ensign Group by 190.1% during the 4th quarter. Avior Wealth Management LLC now owns 206 shares of the company’s stock worth $27,000 after acquiring an additional 135 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of The Ensign Group by 150.6% in the 4th quarter. Venturi Wealth Management LLC now owns 208 shares of the company’s stock valued at $28,000 after acquiring an additional 125 shares during the last quarter. Asset Planning Inc acquired a new stake in shares of The Ensign Group during the 4th quarter worth about $80,000. Finally, South Dakota Investment Council purchased a new stake in The Ensign Group during the fourth quarter worth approximately $104,000. 96.12% of the stock is owned by institutional investors and hedge funds.

The Ensign Group Stock Down 0.2 %

Shares of NASDAQ:ENSG opened at $129.59 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market cap of $7.45 billion, a P/E ratio of 25.36, a P/E/G ratio of 1.52 and a beta of 0.98. The Ensign Group, Inc. has a 1-year low of $113.27 and a 1-year high of $158.45. The firm has a fifty day moving average price of $133.02 and a 200 day moving average price of $141.19.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.36 earnings per share (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%. Sell-side analysts predict that The Ensign Group, Inc. will post 5.59 EPS for the current year.

Insider Activity

In other news, Chairman Christopher R. Christensen sold 39,086 shares of The Ensign Group stock in a transaction dated 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 owns 12,539 shares of the company’s stock, valued at $1,862,292.28. The trade was a 75.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daren Shaw sold 2,000 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $129.66, for a total transaction 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. This represents a 7.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,186 shares of company stock valued at $6,345,115. Company insiders own 3.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on ENSG. UBS Group assumed coverage on shares of The Ensign Group in a research note on Thursday, November 21st. They issued a “buy” rating and a $175.00 price target on the stock. Stephens reaffirmed an “overweight” rating and issued a $155.00 target price on shares of The Ensign Group in a research report on Thursday, February 6th. Truist Financial reduced their price target on shares of The Ensign Group from $170.00 to $155.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Finally, Macquarie raised their price objective on The Ensign Group from $165.00 to $166.00 and gave the stock an “outperform” rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $165.17.

The Ensign Group 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.