Epoch Investment Partners Inc. Cuts Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Epoch Investment Partners Inc. trimmed its position in shares of The Ensign Group, Inc. (NASDAQ:ENSGFree Report) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 131,173 shares of the company’s stock after selling 14,938 shares during the period. Epoch Investment Partners Inc.’s holdings in The Ensign Group were worth $14,719,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Baron Wealth Management LLC increased its stake in The Ensign Group by 4.5% in the fourth quarter. Baron Wealth Management LLC now owns 2,314 shares of the company’s stock valued at $260,000 after purchasing an additional 100 shares during the last quarter. Prime Capital Investment Advisors LLC increased its stake in The Ensign Group by 1.8% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 5,838 shares of the company’s stock valued at $655,000 after purchasing an additional 102 shares during the last quarter. Knights of Columbus Asset Advisors LLC increased its stake in The Ensign Group by 8.5% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 1,353 shares of the company’s stock valued at $152,000 after purchasing an additional 106 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in The Ensign Group by 1.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,945 shares of the company’s stock valued at $1,228,000 after purchasing an additional 110 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in The Ensign Group by 9.2% in the third quarter. Parkside Financial Bank & Trust now owns 1,683 shares of the company’s stock valued at $156,000 after purchasing an additional 142 shares during the last quarter. 96.12% of the stock is currently owned by hedge funds and other institutional investors.

The Ensign Group Stock Performance

Shares of ENSG traded up $0.21 during mid-day trading on Friday, reaching $119.03. 174,727 shares of the company’s stock were exchanged, compared to its average volume of 210,243. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market capitalization of $6.78 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 1.60 and a beta of 0.99. The business’s fifty day simple moving average is $118.81 and its 200-day simple moving average is $117.52. The Ensign Group, Inc. has a 52-week low of $88.79 and a 52-week high of $127.57.

The Ensign Group (NASDAQ:ENSGGet Free Report) last announced its earnings results on Wednesday, May 1st. The company reported $1.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.19. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. The Ensign Group had a net margin of 5.67% and a return on equity of 17.60%. On average, equities research analysts expect that The Ensign Group, Inc. will post 4.95 earnings per share for the current year.

The Ensign Group Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Sunday, March 31st were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend was Wednesday, March 27th. The Ensign Group’s dividend payout ratio (DPR) is presently 6.32%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ENSG shares. Oppenheimer increased their price target on shares of The Ensign Group from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Stephens reiterated an “overweight” rating and issued a $135.00 price target on shares of The Ensign Group in a research note on Tuesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $124.60.

Check Out Our Latest Stock Analysis on ENSG

Insider Transactions at The Ensign Group

In related news, Director Daren Shaw sold 2,000 shares of The Ensign Group stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $118.26, for a total transaction of $236,520.00. Following the completion of the sale, the director now owns 30,250 shares in the company, valued at approximately $3,577,365. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Daren Shaw sold 2,000 shares of The Ensign Group stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $118.26, for a total transaction of $236,520.00. Following the completion of the sale, the director now owns 30,250 shares in the company, valued at approximately $3,577,365. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ann Scott Blouin sold 350 shares of The Ensign Group stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $116.47, for a total value of $40,764.50. Following the sale, the director now owns 20,002 shares of the company’s stock, valued at approximately $2,329,632.94. The disclosure for this sale can be found here. Insiders sold 16,813 shares of company stock valued at $2,024,703 in the last 90 days. 3.90% of the stock is currently owned by insiders.

About The Ensign Group

(Free Report)

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.

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

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