Eagle Asset Management Inc. increased its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 12.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 377,820 shares of the company’s stock after purchasing an additional 43,238 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.69% of The Ensign Group worth $32,745,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Psagot Investment House Ltd. acquired a new stake in shares of The Ensign Group during the 2nd quarter worth approximately $2,662,000. CWM Advisors LLC grew its holdings in The Ensign Group by 28.6% in the second quarter. CWM Advisors LLC now owns 16,686 shares of the company’s stock worth $1,446,000 after purchasing an additional 3,706 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in The Ensign Group by 9.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,858 shares of the company’s stock worth $594,000 after purchasing an additional 569 shares during the period. Principal Financial Group Inc. boosted its holdings in The Ensign Group by 4.9% during the second quarter. Principal Financial Group Inc. now owns 407,240 shares of the company’s stock worth $35,295,000 after purchasing an additional 18,951 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in The Ensign Group by 82.1% in the second quarter. BNP Paribas Arbitrage SA now owns 18,667 shares of the company’s stock worth $1,618,000 after acquiring an additional 8,416 shares during the period. 87.16% of the stock is currently owned by hedge funds and other institutional investors.
Shares of The Ensign Group stock opened at $76.77 on Wednesday. The company has a market capitalization of $4.23 billion, a PE ratio of 23.12, a P/E/G ratio of 1.58 and a beta of 0.98. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.23 and a current ratio of 1.23. The company has a 50-day simple moving average of $82.74 and a two-hundred day simple moving average of $85.70. The Ensign Group, Inc. has a one year low of $53.63 and a one year high of $98.66.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 31st. Investors of record on Thursday, September 30th will be paid a $0.052 dividend. This represents a $0.21 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Wednesday, September 29th. The Ensign Group’s dividend payout ratio is currently 7.14%.
ENSG has been the subject of a number of research reports. Stifel Nicolaus assumed coverage on shares of The Ensign Group in a research note on Tuesday, June 22nd. They issued a “buy” rating for the company. Truist cut their price objective on shares of The Ensign Group from $98.00 to $90.00 and set a “hold” rating on the stock in a research report on Monday, August 23rd. Finally, Truist Securities dropped their price target on shares of The Ensign Group from $98.00 to $90.00 and set a “hold” rating on the stock in a report on Monday, August 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $91.40.
In other The Ensign Group news, Director Daren Shaw sold 1,500 shares of the firm’s stock in a transaction on Friday, July 16th. The stock was sold at an average price of $87.52, for a total value of $131,280.00. Following the completion of the sale, the director now directly owns 42,411 shares of the company’s stock, valued at approximately $3,711,810.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.20% of the stock is owned by company insiders.
About The Ensign Group
The Ensign Group, Inc engages in the provision of healthcare services, as well as urgent care centers and mobile ancillary businesses. It operates through the following business segments: Transitional and Skilled Services, Senior Living Services, and Home Health and Hospice Services. The Transitional and Skilled Services segment involves in providing patients with medical, nursing, rehabilitative, pharmacy, and routine services, including daily dietary, social, and recreational services.
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