The Ensign Group, Inc. (NASDAQ:ENSG) Shares Bought by Vestcor Inc

Vestcor Inc raised its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 100.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,893 shares of the company’s stock after purchasing an additional 8,455 shares during the period. Vestcor Inc’s holdings in The Ensign Group were worth $2,244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC lifted its stake in The Ensign Group by 0.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 11,571 shares of the company’s stock worth $1,538,000 after purchasing an additional 78 shares during the last quarter. Central Pacific Bank Trust Division boosted its holdings in shares of The Ensign Group by 7.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 1,180 shares of the company’s stock valued at $157,000 after buying an additional 80 shares in the last quarter. Equitable Trust Co. grew its position in shares of The Ensign Group by 1.8% in the 4th quarter. Equitable Trust Co. now owns 4,998 shares of the company’s stock valued at $664,000 after buying an additional 87 shares during the last quarter. CIBC Asset Management Inc raised its stake in The Ensign Group by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 1,731 shares of the company’s stock worth $230,000 after acquiring an additional 87 shares in the last quarter. Finally, DeDora Capital Inc. lifted its position in The Ensign Group by 1.4% in the fourth quarter. DeDora Capital Inc. now owns 7,188 shares of the company’s stock valued at $955,000 after acquiring an additional 98 shares during the last quarter. 96.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ENSG has been the topic of several research reports. Stephens reaffirmed an “overweight” rating and set a $155.00 price objective on shares of The Ensign Group in a report on Thursday, February 6th. Macquarie raised their price target on The Ensign Group from $165.00 to $166.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. UBS Group started coverage on The Ensign Group in a research note on Thursday, November 21st. They issued a “buy” rating and a $175.00 price objective for the company. Finally, Truist Financial lowered their target price on shares of The Ensign Group from $170.00 to $155.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, The Ensign Group currently has a consensus rating of “Moderate Buy” and an average price target of $165.17.

Insider Transactions at The Ensign Group

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $133.43, for a total value of $93,401.00. Following the sale, the director now owns 30,852 shares of the company’s stock, valued at approximately $4,116,582.36. The trade was a 2.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daren Shaw sold 2,000 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $129.66, for a total value of $259,320.00. Following the transaction, the director now directly owns 26,325 shares of the company’s stock, valued at approximately $3,413,299.50. This trade represents a 7.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,186 shares of company stock worth $6,345,115 over the last ninety days. 3.90% of the stock is currently owned by company insiders.

The Ensign Group Stock Down 0.1 %

The Ensign Group stock opened at $125.40 on Friday. The stock has a market capitalization of $7.20 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 1.52 and a beta of 0.98. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average of $133.20 and a two-hundred day moving average of $141.73. The Ensign Group, Inc. has a twelve month low of $113.27 and a twelve month high of $158.45.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.11). The Ensign Group had a net margin of 6.99% and a return on equity of 17.07%. As a group, research analysts expect that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

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.