The Ensign Group, Inc. (NASDAQ:ENSG) Holdings Lifted by Wellington Management Group LLP

Wellington Management Group LLP increased its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 36.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 403,033 shares of the company’s stock after buying an additional 107,317 shares during the quarter. Wellington Management Group LLP owned 0.71% of The Ensign Group worth $45,224,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Scarborough Advisors LLC purchased a new position in shares of The Ensign Group during the fourth quarter valued at $35,000. Global Retirement Partners LLC grew its holdings in shares of The Ensign Group by 43.3% during the fourth quarter. Global Retirement Partners LLC now owns 470 shares of the company’s stock valued at $55,000 after buying an additional 142 shares in the last quarter. Assetmark Inc. grew its holdings in shares of The Ensign Group by 1,126.8% during the fourth quarter. Assetmark Inc. now owns 503 shares of the company’s stock valued at $56,000 after buying an additional 462 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of The Ensign Group by 333.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 576 shares of the company’s stock valued at $65,000 after buying an additional 443 shares in the last quarter. Finally, TFO Wealth Partners LLC grew its stake in The Ensign Group by 29,750.0% in the fourth quarter. TFO Wealth Partners LLC now owns 597 shares of the company’s stock valued at $67,000 after purchasing an additional 595 shares in the last quarter. Hedge funds and other institutional investors own 96.12% of the company’s stock.

Insider Transactions at The Ensign Group

In other news, Director Daren Shaw sold 4,463 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $118.96, for a total transaction of $530,918.48. Following the completion of the sale, the director now owns 32,250 shares in the company, valued at approximately $3,836,460. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Ann Scott Blouin sold 350 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $116.47, for a total transaction of $40,764.50. Following the completion of the transaction, the director now owns 20,002 shares of the company’s stock, valued at approximately $2,329,632.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daren Shaw sold 4,463 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $118.96, for a total value of $530,918.48. Following the transaction, the director now directly owns 32,250 shares of the company’s stock, valued at approximately $3,836,460. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,813 shares of company stock worth $808,203. 3.90% of the stock is owned by corporate insiders.

The Ensign Group Stock Performance

ENSG opened at $121.04 on Monday. The company has a market cap of $6.89 billion, a PE ratio of 31.85, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99. The stock has a 50-day moving average of $118.86 and a 200-day moving average of $118.51. The Ensign Group, Inc. has a 52-week low of $88.79 and a 52-week high of $127.57. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.53 and a current ratio of 1.53.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Wednesday, May 1st. The company reported $1.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.19. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. The Ensign Group had a return on equity of 17.60% and a net margin of 5.67%. As a group, equities research analysts forecast that The Ensign Group, Inc. will post 4.95 earnings per share for the current fiscal year.

The Ensign Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Sunday, June 30th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.20%. The Ensign Group’s dividend payout ratio (DPR) is presently 6.32%.

Wall Street Analyst Weigh In

ENSG has been the topic of a number of recent research reports. Oppenheimer boosted their target price on 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 restated an “overweight” rating and issued a $135.00 target price on shares of The Ensign Group in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, The Ensign Group has an average rating of “Moderate Buy” and an average target price of $124.60.

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.