Congress Wealth Management LLC DE Sells 403 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Congress Wealth Management LLC DE lowered its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 19.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,619 shares of the company’s stock after selling 403 shares during the period. Congress Wealth Management LLC DE’s holdings in The Ensign Group were worth $215,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Bridge City Capital LLC raised its holdings in The Ensign Group by 8.1% in the 4th quarter. Bridge City Capital LLC now owns 77,308 shares of the company’s stock valued at $10,271,000 after acquiring an additional 5,790 shares in the last quarter. Stevens Capital Management LP acquired a new position in The Ensign Group in the fourth quarter valued at about $548,000. LPL Financial LLC lifted its position in The Ensign Group by 48.0% during the fourth quarter. LPL Financial LLC now owns 28,465 shares of the company’s stock worth $3,782,000 after purchasing an additional 9,230 shares during the period. Fox Run Management L.L.C. grew its stake in The Ensign Group by 339.6% during the fourth quarter. Fox Run Management L.L.C. now owns 10,305 shares of the company’s stock worth $1,369,000 after buying an additional 7,961 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in The Ensign Group in the 4th quarter valued at about $1,542,000. Institutional investors own 96.12% of the company’s stock.

Wall Street Analyst Weigh In

ENSG has been the subject of a number of recent analyst reports. Truist Financial cut their price target on shares of The Ensign Group from $170.00 to $155.00 and set a “hold” rating for the company in a report on Monday, January 6th. Macquarie upped their target price 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 reiterated an “overweight” rating and issued a $155.00 price target on shares of The Ensign Group in a research note on Thursday, February 6th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, The Ensign Group currently has a consensus rating of “Moderate Buy” and an average target price of $165.17.

The Ensign Group Stock Performance

Shares of The Ensign Group stock opened at $128.74 on Monday. The company’s 50 day moving average price is $132.31 and its two-hundred day moving average price is $140.00. The firm has a market capitalization of $7.40 billion, a P/E ratio of 25.19, a P/E/G ratio of 1.52 and a beta of 0.98. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.56 and a quick ratio of 1.56. The Ensign Group, Inc. has a fifty-two week low of $113.27 and a fifty-two week high of $158.45.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates 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, equities analysts forecast that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.25 dividend on an annualized basis and a yield of 0.19%. The Ensign Group’s dividend payout ratio (DPR) is presently 4.89%.

Insider Buying and Selling

In related news, Director Daren Shaw sold 2,000 shares of the stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Barry M. Smith sold 700 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $129.15, for a total value of $90,405.00. Following 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 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 in the last ninety days. Company insiders own 3.90% of the company’s stock.

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.