Oberweis Asset Management Inc. cut its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 30.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,760 shares of the company’s stock after selling 6,500 shares during the quarter. Oberweis Asset Management Inc.’s holdings in The Ensign Group were worth $573,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in The Ensign Group in the fourth quarter worth about $29,000. First Interstate Bank grew its position in The Ensign Group by 235.2% in the fourth quarter. First Interstate Bank now owns 1,750 shares of the company’s stock worth $68,000 after acquiring an additional 1,228 shares in the last quarter. Advisors Preferred LLC purchased a new position in The Ensign Group in the fourth quarter worth about $103,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in The Ensign Group by 61.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,747 shares of the company’s stock worth $145,000 after acquiring an additional 1,427 shares in the last quarter. Finally, Aptus Capital Advisors LLC purchased a new position in The Ensign Group in the fourth quarter worth about $202,000. 82.37% of the stock is currently owned by institutional investors and hedge funds.

In other The Ensign Group news, CFO Suzanne D. Snapper sold 19,191 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $47.58, for a total transaction of $913,107.78. Following the completion of the transaction, the chief financial officer now owns 228,505 shares in the company, valued at $10,872,267.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Suzanne D. Snapper sold 9,296 shares of the business’s stock in a transaction that occurred on Thursday, January 10th. The shares were sold at an average price of $41.54, for a total value of $386,155.84. Following the transaction, the chief financial officer now owns 201,141 shares of the company’s stock, valued at approximately $8,355,397.14. The disclosure for this sale can be found here. 6.00% of the stock is owned by insiders.

Several research firms recently commented on ENSG. BidaskClub lowered The Ensign Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Zacks Investment Research lowered The Ensign Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $40.71.

Shares of NASDAQ:ENSG opened at $50.47 on Friday. The Ensign Group, Inc. has a 1 year low of $25.80 and a 1 year high of $54.56. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 28.20, a price-to-earnings-growth ratio of 1.61 and a beta of 0.98. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.39.

The Ensign Group (NASDAQ:ENSG) last announced its earnings results on Wednesday, February 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The Ensign Group had a return on equity of 17.19% and a net margin of 4.51%. The business had revenue of $544.85 million during the quarter, compared to analyst estimates of $523.15 million. During the same quarter in the previous year, the business earned $0.40 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Analysts anticipate that The Ensign Group, Inc. will post 2.06 EPS for the current fiscal year.

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About The Ensign Group

The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in three segments: Transitional and Skilled Services; Assisted and Independent Living Services; and Home Health and Hospice Services. The Transitional and Skilled Services segment offers a range of medical, nursing, rehabilitative, and pharmacy services, as well as routine services, such as daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.

Further Reading: SEC Filing

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Institutional Ownership by Quarter for The Ensign Group (NASDAQ:ENSG)

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