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Amalgamated Bank Decreases Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Defense World · Sep 25, 2022 04:41

Amalgamated Bank reduced its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG – Get Rating) by 5.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 25,706 shares of the company's stock after selling 1,343 shares during the period. Amalgamated Bank's holdings in The Ensign Group were worth $2,314,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Logan Capital Management Inc. lifted its position in shares of The Ensign Group by 21.9% during the 1st quarter. Logan Capital Management Inc. now owns 817 shares of the company's stock worth $74,000 after purchasing an additional 147 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its position in shares of The Ensign Group by 1.5% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 10,620 shares of the company's stock worth $956,000 after purchasing an additional 160 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of The Ensign Group by 5.8% during the 1st quarter. Mackenzie Financial Corp now owns 3,010 shares of the company's stock worth $271,000 after purchasing an additional 166 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of The Ensign Group by 195.2% during the 1st quarter. Quadrant Capital Group LLC now owns 310 shares of the company's stock worth $28,000 after purchasing an additional 205 shares during the last quarter. Finally, Personal CFO Solutions LLC lifted its position in shares of The Ensign Group by 4.7% during the 1st quarter. Personal CFO Solutions LLC now owns 4,810 shares of the company's stock worth $433,000 after purchasing an additional 214 shares during the last quarter. 88.82% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at The Ensign Group

In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of The Ensign Group stock in a transaction on Monday, August 15th. The shares were sold at an average price of $86.92, for a total value of $173,840.00. Following the transaction, the director now directly owns 38,125 shares in the company, valued at $3,313,825. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Daren Shaw sold 2,000 shares of the business's stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $86.92, for a total transaction of $173,840.00. Following the transaction, the director now directly owns 38,125 shares in the company, valued at $3,313,825. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Suzanne D. Snapper sold 2,381 shares of the business's stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $89.92, for a total transaction of $214,099.52. Following the transaction, the chief financial officer now owns 210,754 shares in the company, valued at $18,950,999.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,264 shares of company stock worth $888,936. 4.70% of the stock is owned by company insiders.

The Ensign Group Price Performance

Shares of NASDAQ:ENSG opened at $79.64 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $4.40 billion, a P/E ratio of 22.18, a P/E/G ratio of 1.46 and a beta of 0.99. The Ensign Group, Inc. has a 12 month low of $68.29 and a 12 month high of $94.25. The company's fifty day moving average price is $84.62 and its 200 day moving average price is $81.93.

The Ensign Group (NASDAQ:ENSG – Get Rating) last posted its quarterly earnings data on Monday, August 1st. The company reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. The company had revenue of $732.49 million for the quarter, compared to analyst estimates of $729.44 million. The Ensign Group had a net margin of 7.27% and a return on equity of 19.51%. The Ensign Group's quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 earnings per share. As a group, sell-side analysts predict that The Ensign Group, Inc. will post 3.85 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 30th will be paid a $0.055 dividend. The ex-dividend date is Thursday, September 29th. This represents a $0.22 dividend on an annualized basis and a yield of 0.28%. The Ensign Group's dividend payout ratio is presently 6.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ENSG shares. Stifel Nicolaus lifted their price target on shares of The Ensign Group from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Thursday, September 15th. Truist Financial lifted their price target on shares of The Ensign Group from $85.00 to $95.00 in a research note on Wednesday, August 3rd. Finally, Royal Bank of Canada cut their price target on shares of The Ensign Group from $101.00 to $95.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 3rd.

The Ensign Group Profile

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The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in two segments, Skilled Services and Real Estate. The company offers skilled services, which include short and long-term nursing care services for patients with chronic conditions, prolonged illness, and the elderly; and physical, occupational, and speech therapies and other rehabilitative and healthcare services.