Cynosure Group LLC Has $595,000 Stock Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Cynosure Group LLC trimmed its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 6.6% during the fourth quarter, Holdings Channel reports. The firm owned 4,477 shares of the company’s stock after selling 314 shares during the period. Cynosure Group LLC’s holdings in The Ensign Group were worth $595,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ENSG. Synovus Financial Corp boosted its stake in shares of The Ensign Group by 90.2% in the 3rd quarter. Synovus Financial Corp now owns 14,618 shares of the company’s stock valued at $2,102,000 after purchasing an additional 6,931 shares in the last quarter. Sanctuary Advisors LLC grew its stake in The Ensign Group by 67.9% during the third quarter. Sanctuary Advisors LLC now owns 13,924 shares of the company’s stock worth $2,038,000 after buying an additional 5,632 shares during the last quarter. JPMorgan Chase & Co. grew its stake in The Ensign Group by 26.1% during the third quarter. JPMorgan Chase & Co. now owns 379,608 shares of the company’s stock worth $54,595,000 after buying an additional 78,570 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of The Ensign Group by 5.4% during the third quarter. Janus Henderson Group PLC now owns 70,896 shares of the company’s stock worth $10,201,000 after buying an additional 3,657 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new position in shares of The Ensign Group in the fourth quarter valued at approximately $1,099,000. 96.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ENSG has been the topic of a number of research analyst reports. Truist Financial decreased their price target on The Ensign Group from $170.00 to $155.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Stephens restated an “overweight” rating and issued a $155.00 target price on shares of The Ensign Group in a research note on Thursday, February 6th. Finally, Macquarie lifted their price target on The Ensign Group from $165.00 to $166.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $165.17.

Insider Buying and Selling at The Ensign Group

In related news, Director Barry M. Smith sold 700 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $129.15, for a total value of $90,405.00. Following the sale, the director now directly owns 30,052 shares in the company, valued at $3,881,215.80. This trade represents a 2.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Christopher R. Christensen sold 39,086 shares of the business’s stock in a transaction that occurred 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 transaction, the chairman now owns 12,539 shares of the company’s stock, valued at approximately $1,862,292.28. This represents a 75.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,186 shares of company stock valued at $6,345,115. 3.90% of the stock is currently owned by insiders.

The Ensign Group Stock Up 0.8 %

NASDAQ ENSG opened at $130.45 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.56 and a current ratio of 1.56. The Ensign Group, Inc. has a 52 week low of $113.27 and a 52 week high of $158.45. The stock has a market capitalization of $7.50 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 1.52 and a beta of 0.98. The stock has a fifty day moving average of $131.98 and a 200-day moving average of $139.68.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.36 EPS 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%. On average, equities research analysts forecast that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.0625 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.25 annualized dividend and a yield of 0.19%. The Ensign Group’s dividend payout ratio is currently 4.89%.

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.