Copeland Capital Management LLC Sells 85,435 Shares of The Ensign Group, Inc. (ENSG)
Copeland Capital Management LLC reduced its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 11.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 672,922 shares of the company’s stock after selling 85,435 shares during the period. The Ensign Group accounts for 2.4% of Copeland Capital Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Copeland Capital Management LLC’s holdings in The Ensign Group were worth $34,447,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. bought a new stake in The Ensign Group in the first quarter worth $250,000. Oppenheimer Asset Management Inc. boosted its holdings in The Ensign Group by 7.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 11,289 shares of the company’s stock worth $578,000 after purchasing an additional 804 shares in the last quarter. Boston Advisors LLC boosted its holdings in The Ensign Group by 9.6% in the first quarter. Boston Advisors LLC now owns 29,727 shares of the company’s stock worth $1,522,000 after purchasing an additional 2,606 shares in the last quarter. Financial Gravity Wealth Inc. bought a new stake in The Ensign Group in the first quarter worth $53,000. Finally, Nisa Investment Advisors LLC boosted its holdings in The Ensign Group by 8.2% in the first quarter. Nisa Investment Advisors LLC now owns 13,200 shares of the company’s stock worth $676,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 83.17% of the company’s stock.
A number of brokerages recently issued reports on ENSG. BidaskClub upgraded shares of The Ensign Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 20th. Zacks Investment Research cut shares of The Ensign Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 9th. Finally, ValuEngine cut shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The Ensign Group has a consensus rating of “Buy” and a consensus price target of $40.71.
The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Wednesday, February 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.05. The Ensign Group had a net margin of 4.51% and a return on equity of 17.19%. The company had revenue of $544.85 million during the quarter, compared to analysts’ expectations of $523.15 million. During the same period in the prior year, the company earned $0.40 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts expect that The Ensign Group, Inc. will post 2.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Sunday, March 31st will be issued a dividend of $0.0475 per share. This represents a $0.19 dividend on an annualized basis and a yield of 0.38%. This is a boost from The Ensign Group’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, March 28th. The Ensign Group’s dividend payout ratio is 10.61%.
In other The Ensign Group news, CFO Suzanne D. Snapper sold 19,191 shares of the company’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $47.58, for a total transaction of $913,107.78. Following the completion of the sale, the chief financial officer now directly owns 228,505 shares in the company, valued at $10,872,267.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.70% of the stock is owned by corporate insiders.
About The Ensign Group
The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in three segments: Transitional and Skilled Services; Assisted and Independent Living Services; and Home Health and Hospice Services. The Transitional and Skilled Services segment offers a range of medical, nursing, rehabilitative, and pharmacy services, as well as routine services, such as daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.
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