Proficio Capital Partners LLC Buys Shares of 29,894 The Ensign Group, Inc. (NASDAQ:ENSG)

Proficio Capital Partners LLC purchased a new stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 29,894 shares of the company’s stock, valued at approximately $3,972,000. Proficio Capital Partners LLC owned about 0.05% of The Ensign Group as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ENSG. State of Michigan Retirement System boosted its holdings in The Ensign Group by 0.7% in the fourth quarter. State of Michigan Retirement System now owns 13,500 shares of the company’s stock worth $1,794,000 after purchasing an additional 100 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of The Ensign Group by 67.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,574 shares of the company’s stock worth $209,000 after buying an additional 636 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of The Ensign Group by 3.4% in the fourth quarter. QRG Capital Management Inc. now owns 5,733 shares of the company’s stock worth $762,000 after acquiring an additional 186 shares during the period. Versor Investments LP grew its holdings in shares of The Ensign Group by 89.7% in the fourth quarter. Versor Investments LP now owns 2,798 shares of the company’s stock worth $372,000 after acquiring an additional 1,323 shares during the period. Finally, New York Life Investment Management LLC purchased a new stake in The Ensign Group during the fourth quarter valued at $777,000. 96.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The Ensign Group

In related news, Chairman Christopher R. Christensen sold 39,086 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $148.52, for a total transaction of $5,805,052.72. Following the completion of the transaction, the chairman now owns 12,539 shares in the company, valued at approximately $1,862,292.28. This represents a 75.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daren Shaw sold 2,000 shares of The Ensign Group stock in a transaction on Friday, February 14th. The shares were sold at an average price of $129.66, for a total transaction of $259,320.00. Following the completion of the sale, the director now owns 26,325 shares in the company, valued at approximately $3,413,299.50. This represents a 7.06 % 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 valued at $6,345,115 over the last ninety days. 3.90% of the stock is currently owned by company insiders.

The Ensign Group Trading Up 3.5 %

Shares of NASDAQ:ENSG opened at $129.82 on Tuesday. The stock has a 50 day moving average of $133.05 and a 200 day moving average of $141.34. The company has a market cap of $7.46 billion, a PE ratio of 25.41, a price-to-earnings-growth 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 current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.08.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results 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%. As a group, equities research analysts expect that The Ensign Group, Inc. will post 5.59 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Macquarie raised their target price on The Ensign Group from $165.00 to $166.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. Truist Financial dropped 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 report on Monday, January 6th. Stephens reaffirmed an “overweight” rating and set a $155.00 target price on shares of The Ensign Group in a report on Thursday, February 6th. Finally, UBS Group started coverage on shares of The Ensign Group in a research report on Thursday, November 21st. They issued a “buy” rating and a $175.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.