Central Pacific Bank Trust Division Sells 1,535 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Central Pacific Bank Trust Division lessened its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 58.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,100 shares of the company’s stock after selling 1,535 shares during the period. Central Pacific Bank Trust Division’s holdings in The Ensign Group were worth $158,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new position in The Ensign Group during the 2nd quarter worth $31,000. EntryPoint Capital LLC acquired a new stake in shares of The Ensign Group in the 1st quarter valued at $34,000. Scarborough Advisors LLC acquired a new stake in shares of The Ensign Group in the 4th quarter valued at $35,000. LRI Investments LLC acquired a new stake in shares of The Ensign Group in the 1st quarter valued at $45,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of The Ensign Group in the 2nd quarter valued at $49,000. Institutional investors own 96.12% of the company’s stock.

Insiders Place Their Bets

In other The Ensign Group news, COO Spencer Burton sold 7,519 shares of The Ensign Group stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $135.04, for a total transaction of $1,015,365.76. Following the transaction, the chief operating officer now directly owns 42,629 shares of the company’s stock, valued at approximately $5,756,620.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other The Ensign Group news, COO Spencer Burton sold 7,519 shares of The Ensign Group stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $135.04, for a total transaction of $1,015,365.76. Following the transaction, the chief operating officer now directly owns 42,629 shares of the company’s stock, valued at approximately $5,756,620.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Barry Port sold 3,000 shares of The Ensign Group stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $140.00, for a total value of $420,000.00. Following the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at $7,520,240. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,736 shares of company stock valued at $3,491,039. 3.90% of the stock is currently owned by company insiders.

The Ensign Group Trading Down 1.1 %

NASDAQ ENSG opened at $144.26 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.09. The Ensign Group, Inc. has a twelve month low of $90.78 and a twelve month high of $154.93. The company has a market cap of $8.21 billion, a price-to-earnings ratio of 37.96, a price-to-earnings-growth ratio of 2.03 and a beta of 0.96. The business’s fifty day moving average is $146.47 and its 200 day moving average is $130.85.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.02. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the business posted $1.08 EPS. The Ensign Group’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, sell-side analysts expect that The Ensign Group, Inc. will post 4.99 EPS for the current fiscal year.

The Ensign Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.17%. The ex-dividend date is Monday, September 30th. The Ensign Group’s payout ratio is presently 6.32%.

Wall Street Analyst Weigh In

ENSG has been the topic of a number of research analyst reports. Oppenheimer raised their target price on The Ensign Group from $155.00 to $165.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Truist Financial raised their target price on The Ensign Group from $150.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Finally, Macquarie initiated coverage on The Ensign Group in a report on Friday, June 28th. They issued an “outperform” rating and a $134.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, The Ensign Group has an average rating of “Moderate Buy” and a consensus price target of $145.40.

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.