FDx Advisors Inc. purchased a new position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,663 shares of the company’s stock, valued at approximately $444,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Riverhead Capital Management LLC boosted its holdings in shares of The Ensign Group by 86.6% during the second quarter. Riverhead Capital Management LLC now owns 4,664 shares of the company’s stock worth $102,000 after acquiring an additional 2,164 shares during the period. UBS Group AG boosted its holdings in shares of The Ensign Group by 93.9% during the first quarter. UBS Group AG now owns 6,986 shares of the company’s stock worth $131,000 after acquiring an additional 3,383 shares during the period. Pinebridge Investments L.P. boosted its holdings in shares of The Ensign Group by 0.6% during the second quarter. Pinebridge Investments L.P. now owns 6,280 shares of the company’s stock worth $137,000 after acquiring an additional 38 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of The Ensign Group by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,156 shares of the company’s stock worth $156,000 after acquiring an additional 1,072 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of The Ensign Group by 7.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,494 shares of the company’s stock worth $163,000 after acquiring an additional 526 shares during the period. 84.57% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Antoinette T. Hubenette sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $20.95, for a total value of $52,375.00. Following the completion of the sale, the director now directly owns 24,626 shares in the company, valued at $515,914.70. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders sold 3,566 shares of company stock valued at $75,957. 6.20% of the stock is currently owned by corporate insiders.
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Shares of The Ensign Group, Inc. (NASDAQ:ENSG) opened at $23.77 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market capitalization of $1,216.32, a P/E ratio of 20.14 and a beta of 0.84. The Ensign Group, Inc. has a 12 month low of $16.50 and a 12 month high of $24.00.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Saturday, September 30th were paid a $0.043 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Thursday, September 28th. The Ensign Group’s dividend payout ratio (DPR) is currently 18.89%.
A number of equities research analysts have recently issued reports on ENSG shares. BidaskClub cut The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research cut The Ensign Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. TheStreet upgraded The Ensign Group from a “c+” rating to a “b” rating in a report on Monday, August 7th. Royal Bank Of Canada restated a “buy” rating and set a $21.00 price objective on shares of The Ensign Group in a report on Tuesday, November 7th. Finally, Cantor Fitzgerald boosted their price objective on The Ensign Group from $23.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $23.00.
About The Ensign Group
The Ensign Group, Inc, through its operating subsidiaries, provides healthcare services across the post-acute care continuum, as well as other ancillary businesses located in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Texas, Utah, Washington and Wisconsin.
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