The Ensign Group, Inc. (NASDAQ:ENSG) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lowered its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 10.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,338 shares of the company’s stock after selling 387 shares during the period. Sequoia Financial Advisors LLC’s holdings in The Ensign Group were worth $443,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Retirement Wealth Solutions LLC purchased a new position in shares of The Ensign Group in the fourth quarter worth about $25,000. Avior Wealth Management LLC lifted its stake in The Ensign Group by 190.1% in the 4th quarter. Avior Wealth Management LLC now owns 206 shares of the company’s stock worth $27,000 after purchasing an additional 135 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of The Ensign Group by 150.6% during the 4th quarter. Venturi Wealth Management LLC now owns 208 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. Asset Planning Inc purchased a new stake in shares of The Ensign Group in the fourth quarter valued at approximately $80,000. Finally, South Dakota Investment Council acquired a new stake in shares of The Ensign Group in the fourth quarter valued at approximately $104,000. Hedge funds and other institutional investors own 96.12% of the company’s stock.

The Ensign Group Stock Down 0.2 %

Shares of ENSG opened at $129.59 on Wednesday. The company’s 50-day moving average price is $133.02 and its 200 day moving average price is $141.19. 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 firm has a market cap of $7.45 billion, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 1.52 and a beta of 0.98.

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

Insider Transactions at The Ensign Group

In related news, Director Barry M. Smith sold 700 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $129.15, for a total transaction of $90,405.00. Following the transaction, the director now owns 30,052 shares of the company’s stock, valued at approximately $3,881,215.80. This represents a 2.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Christopher R. Christensen sold 39,086 shares of The Ensign Group stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $148.52, for a total value of $5,805,052.72. Following the completion of the transaction, the chairman now directly owns 12,539 shares of the company’s stock, valued at approximately $1,862,292.28. This represents a 75.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,186 shares of company stock worth $6,345,115 over the last ninety days. Company insiders own 3.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ENSG shares. UBS Group started coverage on The Ensign Group in a research note on Thursday, November 21st. They set a “buy” rating and a $175.00 price objective on the stock. Stephens reiterated an “overweight” rating and set a $155.00 price target on shares of The Ensign Group in a report on Thursday, February 6th. Macquarie upped their price objective on shares of The Ensign Group from $165.00 to $166.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. Finally, Truist Financial reduced their target price on shares of The Ensign Group from $170.00 to $155.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, The Ensign Group has an average rating of “Moderate Buy” and an average price target of $165.17.

The Ensign Group 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.