31,409 Shares in The Ensign Group, Inc. (NASDAQ:ENSG) Purchased by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm purchased 31,409 shares of the company's stock, valued at approximately $4,517,000. B. Metzler seel. Sohn & Co. Holding AG owned 0.05% of The Ensign Group at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in The Ensign Group in the second quarter worth $31,000. EntryPoint Capital LLC purchased a new position in The Ensign Group during the 1st quarter worth $34,000. Signaturefd LLC increased its position in The Ensign Group by 115.2% during the 3rd quarter. Signaturefd LLC now owns 284 shares of the company's stock valued at $41,000 after buying an additional 152 shares in the last quarter. LRI Investments LLC acquired a new position in The Ensign Group during the 1st quarter valued at about $45,000. Finally, Canada Pension Plan Investment Board purchased a new stake in The Ensign Group in the second quarter valued at about $49,000. 96.12% of the stock is owned by institutional investors.

The Ensign Group Stock Performance

Shares of ENSG stock traded up $0.10 during trading hours on Wednesday, hitting $144.66. The company's stock had a trading volume of 349,191 shares, compared to its average volume of 378,694. The stock has a market cap of $8.29 billion, a PE ratio of 35.03, a price-to-earnings-growth ratio of 1.91 and a beta of 0.95. The Ensign Group, Inc. has a 12-month low of $104.18 and a 12-month high of $158.45. The company has a 50 day moving average of $148.98 and a 200 day moving average of $137.57. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.08.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.38 by $0.01. The company 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 firm's revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.10 earnings per share. On average, sell-side analysts forecast that The Ensign Group, Inc. will post 5 EPS for the current fiscal year.

The Ensign Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend was Monday, September 30th. The Ensign Group's dividend payout ratio is currently 5.81%.

Insider Buying and Selling at The Ensign Group

In other The Ensign Group news, CEO Barry Port sold 3,500 shares of the company's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $145.00, for a total value of $507,500.00. Following the completion of the transaction, the chief executive officer now owns 53,716 shares in the company, valued at approximately $7,788,820. This represents a 6.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 11,118 shares of company stock valued at $1,660,200. 3.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Stephens upped their price objective 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 target price on shares of The Ensign Group from $165.00 to $168.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Truist Financial raised their price target 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. Finally, Royal Bank of Canada boosted their price objective on shares of The Ensign Group from $167.00 to $172.00 and gave the company an "outperform" rating in a report on Monday, October 28th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, The Ensign Group currently has an average rating of "Moderate Buy" and a consensus target price of $162.20.

The Ensign Group Company Profile

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.