Public Employees Retirement System of Ohio Reduces Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Public Employees Retirement System of Ohio trimmed its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 20.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,174 shares of the company’s stock after selling 12,424 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.09% of The Ensign Group worth $7,072,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ENSG. Blue Trust Inc. lifted its position in The Ensign Group by 21.2% during the second quarter. Blue Trust Inc. now owns 429 shares of the company’s stock worth $53,000 after buying an additional 75 shares in the last quarter. Lifestyle Asset Management Inc. raised its holdings in shares of The Ensign Group by 19.1% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,313 shares of the company’s stock worth $286,000 after acquiring an additional 371 shares during the period. West Coast Financial LLC acquired a new position in shares of The Ensign Group during the 2nd quarter valued at about $4,019,000. Fifth Third Bancorp grew its holdings in shares of The Ensign Group by 54.5% in the second quarter. Fifth Third Bancorp now owns 2,592 shares of the company’s stock valued at $321,000 after purchasing an additional 914 shares during the period. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in The Ensign Group during the second quarter worth about $234,000. 96.12% of the stock is currently owned by institutional investors and hedge funds.

The Ensign Group Trading Up 0.8 %

Shares of NASDAQ ENSG opened at $142.42 on Friday. The stock has a fifty day simple moving average of $147.45 and a 200-day simple moving average of $140.51. The Ensign Group, Inc. has a twelve month low of $109.95 and a twelve 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 stock has a market capitalization of $8.16 billion, a PE ratio of 34.48, a PEG ratio of 1.90 and a beta of 0.92.

The Ensign Group (NASDAQ:ENSG) last released its earnings results on Thursday, October 24th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.01. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. The Ensign Group had a return on equity of 17.21% and a net margin of 5.84%. The Ensign Group’s revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. On average, equities analysts forecast that The Ensign Group, Inc. will post 5.03 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Stephens boosted their target price on shares of The Ensign Group from $163.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, October 28th. UBS Group started coverage on The Ensign Group in a research report on Thursday, November 21st. They issued a “buy” rating and a $175.00 price objective for the company. Truist Financial lifted their target price on The Ensign Group from $160.00 to $170.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Royal Bank of Canada increased their price target on The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, Oppenheimer boosted their price objective on shares of The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a report on Friday, October 25th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.33.

Insider Buying and Selling

In related news, CEO Barry Port sold 2,000 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $155.00, for a total transaction of $310,000.00. Following the completion of the transaction, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at $8,325,980. The trade was a 3.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.90% of the stock is owned by insiders.

About The Ensign Group

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.