Orion Portfolio Solutions LLC Sells 222 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Orion Portfolio Solutions LLC reduced its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 2.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,614 shares of the company’s stock after selling 222 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in The Ensign Group were worth $1,277,000 at the end of the most recent reporting period.

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

Insider Activity

In related news, Director Barry M. Smith sold 700 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $129.15, for a total value of $90,405.00. Following the completion of the transaction, the director now directly owns 30,052 shares of the company’s stock, valued at approximately $3,881,215.80. This represents a 2.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daren Shaw sold 2,000 shares of The Ensign Group stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $129.66, for a total value of $259,320.00. Following the completion of the sale, the director now directly owns 26,325 shares in the company, valued at $3,413,299.50. This represents a 7.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,486 shares of company stock worth $6,251,714 over the last quarter. 3.90% of the stock is currently owned by company insiders.

The Ensign Group Price Performance

ENSG opened at $129.33 on Friday. The stock has a market cap of $7.43 billion, a P/E ratio of 25.31, a P/E/G ratio of 1.52 and a beta of 0.98. The Ensign Group, Inc. has a 12 month low of $113.27 and a 12 month high of $158.45. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $131.63 and a 200 day simple moving average of $139.42.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings results 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 return on equity of 17.07% and a net margin of 6.99%. On average, research analysts expect that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date is Monday, March 31st. The Ensign Group’s payout ratio is currently 4.89%.

Analyst Ratings Changes

ENSG has been the topic of a number of recent research reports. Truist Financial reduced their price objective on shares of The Ensign Group from $170.00 to $155.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Macquarie lifted their price objective 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. Finally, Stephens reissued an “overweight” rating and issued a $155.00 target price on shares of The Ensign Group in a research note on Thursday, February 6th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $165.17.

The Ensign Group Company 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.