Barry Port Sells 2,000 Shares of The Ensign Group, Inc. (NASDAQ:ENSG) Stock

The Ensign Group, Inc. (NASDAQ:ENSG) CEO Barry Port sold 2,000 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $155.00, for a total value of $310,000.00. Following the sale, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at $8,325,980. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Barry Port also recently made the following trade(s):

• On Thursday, August 29th, Barry Port sold 5,618 shares of The Ensign Group stock. The shares were sold at an average price of $150.00, for a total value of $842,700.00.
• On Thursday, August 22nd, Barry Port sold 3,500 shares of The Ensign Group stock. The shares were sold at an average price of $145.00, for a total value of $507,500.00.
• On Tuesday, August 6th, Barry Port sold 3,000 shares of The Ensign Group stock. The shares were sold at an average price of $140.00, for a total value of $420,000.00.

The Ensign Group Price Performance

Shares of NASDAQ:ENSG traded up $5.04 during mid-day trading on Tuesday, reaching $156.91. The stock had a trading volume of 495,969 shares, compared to its average volume of 370,633. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.09. The company has a market cap of $8.93 billion, a P/E ratio of 39.97, a price-to-earnings-growth ratio of 1.99 and a beta of 0.96. The Ensign Group, Inc. has a 1 year low of $94.56 and a 1 year high of $157.13. The business’s 50 day moving average price is $148.80 and its 200 day moving average price is $133.93.

The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Thursday, October 24th. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business earned $1.10 earnings per share. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. Research analysts expect that The Ensign Group, Inc. will post 4.99 EPS for the current fiscal year.

The Ensign Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.24 annualized dividend and a yield of 0.15%. The Ensign Group’s payout ratio is currently 6.32%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ENSG. Oppenheimer boosted their price objective on The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a research report on Friday. Truist Financial boosted their price objective on The Ensign Group from $160.00 to $170.00 and gave the company a “hold” rating in a research report on Monday. Stephens boosted their price objective on The Ensign Group from $163.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Royal Bank of Canada boosted their target price on The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a research report on Monday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $162.20.

Institutional Investors Weigh In On The Ensign Group

Several large investors have recently added to or reduced their stakes in ENSG. Opal Wealth Advisors LLC bought a new position in shares of The Ensign Group during the second quarter valued at approximately $31,000. EntryPoint Capital LLC bought a new position in shares of The Ensign Group during the first quarter valued at approximately $34,000. Signaturefd LLC grew its stake in shares of The Ensign Group by 115.2% during the third quarter. Signaturefd LLC now owns 284 shares of the company’s stock valued at $41,000 after buying an additional 152 shares during the last quarter. LRI Investments LLC bought a new position in shares of The Ensign Group during the first quarter valued at approximately $45,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of The Ensign Group during the second quarter valued at approximately $49,000. 96.12% of the stock is owned by institutional investors.

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.