Oppenheimer Asset Management Inc. Sells 347 Shares of The Ensign Group, Inc. $ENSG

Oppenheimer Asset Management Inc. lowered its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,999 shares of the company’s stock after selling 347 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.13% of The Ensign Group worth $11,261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new stake in The Ensign Group in the second quarter valued at about $28,000. Rise Advisors LLC increased its stake in The Ensign Group by 114.0% in the first quarter. Rise Advisors LLC now owns 199 shares of the company’s stock valued at $26,000 after acquiring an additional 106 shares during the period. WPG Advisers LLC bought a new stake in The Ensign Group in the first quarter valued at about $27,000. TCTC Holdings LLC increased its stake in The Ensign Group by 116.7% in the first quarter. TCTC Holdings LLC now owns 208 shares of the company’s stock valued at $27,000 after acquiring an additional 112 shares during the period. Finally, Maseco LLP bought a new stake in The Ensign Group in the second quarter valued at about $36,000. Institutional investors own 96.12% of the company’s stock.

Insider Activity at The Ensign Group

In other news, Director Barry M. Smith sold 700 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $172.06, for a total transaction of $120,442.00. Following the sale, the director directly owned 27,052 shares of the company’s stock, valued at $4,654,567.12. This represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.90% of the stock is owned by company insiders.

The Ensign Group Price Performance

Shares of The Ensign Group stock opened at $186.05 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $10.74 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 2.13 and a beta of 0.93. The Ensign Group, Inc. has a 1-year low of $118.73 and a 1-year high of $188.25. The firm’s 50-day moving average price is $173.03 and its two-hundred day moving average price is $154.57.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Thursday, July 24th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.54 by $0.05. The Ensign Group had a net margin of 6.99% and a return on equity of 16.92%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the firm earned $1.32 earnings per share. The Ensign Group’s revenue was up 18.5% compared to the same quarter last year. On average, equities analysts predict that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Tuesday, September 30th. The Ensign Group’s dividend payout ratio is 4.54%.

Analysts Set New Price Targets

A number of analysts recently weighed in on ENSG shares. Truist Financial set a $190.00 target price on shares of The Ensign Group in a research note on Tuesday, October 14th. UBS Group upped their price objective on shares of The Ensign Group from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of The Ensign Group in a research note on Saturday. Finally, Stephens upped their price objective on shares of The Ensign Group from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, The Ensign Group has a consensus rating of “Moderate Buy” and an average price target of $178.60.

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.