Amalgamated Bank Acquires 8,891 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Amalgamated Bank grew its holdings in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 51.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,093 shares of the company's stock after purchasing an additional 8,891 shares during the quarter. Amalgamated Bank's holdings in The Ensign Group were worth $3,753,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its stake in shares of The Ensign Group by 17.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,870 shares of the company's stock valued at $1,601,000 after buying an additional 1,925 shares during the period. Texas Permanent School Fund Corp increased its holdings in The Ensign Group by 0.9% in the first quarter. Texas Permanent School Fund Corp now owns 49,193 shares of the company's stock valued at $6,121,000 after buying an additional 427 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of The Ensign Group in the 1st quarter worth about $1,599,000. SG Americas Securities LLC acquired a new stake in shares of The Ensign Group during the 1st quarter worth approximately $1,909,000. Finally, Swiss National Bank grew its holdings in The Ensign Group by 0.6% in the 1st quarter. Swiss National Bank now owns 111,400 shares of the company's stock worth $13,860,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 96.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ENSG shares. Stephens boosted their price target 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. Oppenheimer boosted their price target 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. Royal Bank of Canada raised their target price on The Ensign Group from $167.00 to $172.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. Finally, Truist Financial upped their target price on shares of The Ensign Group from $160.00 to $170.00 and gave the stock a "hold" rating in a report on Monday, October 28th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $162.20.

The Ensign Group Trading Down 0.3 %

Shares of NASDAQ ENSG traded down $0.41 during mid-day trading on Friday, hitting $148.15. The company's stock had a trading volume of 431,298 shares, compared to its average volume of 445,086. The Ensign Group, Inc. has a one year low of $101.28 and a one year high of $158.45. The company's fifty day simple moving average is $149.61 and its 200-day simple moving average is $135.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 35.87, a price-to-earnings-growth ratio of 1.91 and a beta of 0.95.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.01. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. The Ensign Group had a net margin of 5.84% and a return on equity of 17.21%. The Ensign Group's quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 EPS. On average, sell-side analysts anticipate that The Ensign Group, Inc. will post 5 earnings per share for the current fiscal year.

The Ensign Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend was Monday, September 30th. The Ensign Group's dividend payout ratio (DPR) is presently 5.81%.

Insider Activity at The Ensign Group

In other The Ensign Group news, CEO Barry Port sold 3,500 shares of the business's stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $145.00, for a total value of $507,500.00. Following the sale, the chief executive officer now owns 53,716 shares in the company, valued at approximately $7,788,820. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Daren Shaw sold 2,000 shares of the company's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $141.71, for a total value of $283,420.00. Following the sale, the director now directly owns 29,125 shares of the company's stock, valued at approximately $4,127,303.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Barry Port sold 3,500 shares of the firm's stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $145.00, for a total value of $507,500.00. Following the sale, the chief executive officer now directly owns 53,716 shares of the company's stock, valued at $7,788,820. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,118 shares of company stock worth $1,943,620. 3.90% of the stock is owned by company 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.