Bridge City Capital LLC Raises Stock Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Bridge City Capital LLC increased its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,308 shares of the company's stock after acquiring an additional 5,790 shares during the quarter. The Ensign Group comprises about 2.7% of Bridge City Capital LLC's investment portfolio, making the stock its 2nd biggest position. Bridge City Capital LLC owned about 0.13% of The Ensign Group worth $10,271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its position in shares of The Ensign Group by 42.3% in the third quarter. FMR LLC now owns 1,995,971 shares of the company's stock valued at $287,061,000 after acquiring an additional 593,779 shares during the period. Geode Capital Management LLC raised its stake in The Ensign Group by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,363,822 shares of the company's stock valued at $196,181,000 after purchasing an additional 66,314 shares during the last quarter. Crewe Advisors LLC boosted its holdings in The Ensign Group by 0.9% in the 3rd quarter. Crewe Advisors LLC now owns 1,110,692 shares of the company's stock valued at $159,740,000 after purchasing an additional 10,221 shares during the period. Copeland Capital Management LLC grew its position in The Ensign Group by 0.8% in the 4th quarter. Copeland Capital Management LLC now owns 944,077 shares of the company's stock worth $125,430,000 after purchasing an additional 7,542 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of The Ensign Group by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 800,606 shares of the company's stock worth $115,143,000 after purchasing an additional 23,381 shares during the period. Institutional investors and hedge funds own 96.12% of the company's stock.

The Ensign Group Price Performance

ENSG traded down $0.35 during midday trading on Thursday, reaching $128.44. 550,508 shares of the company's stock were exchanged, compared to its average volume of 395,034. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.08. The business has a 50-day simple moving average of $132.47 and a two-hundred day simple moving average of $140.31. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 1.52 and a beta of 0.98. The Ensign Group, Inc. has a one year low of $113.27 and a one year high of $158.45.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.47 by ($0.11). The Ensign Group had a return on equity of 17.07% and a net margin of 6.99%. As a group, research analysts predict that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.0625 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.25 annualized dividend and a dividend yield of 0.19%. The Ensign Group's dividend payout ratio is presently 4.89%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Macquarie increased their target price on shares of The Ensign Group from $165.00 to $166.00 and gave the company an "outperform" rating in a research note on Tuesday, February 4th. Stephens reiterated an "overweight" rating and issued a $155.00 price objective on shares of The Ensign Group in a research report on Thursday, February 6th. Finally, Truist Financial decreased their price objective on The Ensign Group from $170.00 to $155.00 and set a "hold" rating on the stock in a report on Monday, January 6th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, The Ensign Group currently has an average rating of "Moderate Buy" and a consensus price target of $165.17.

Insider Transactions at The Ensign Group

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $129.15, for a total value of $90,405.00. Following the transaction, the director now directly owns 30,052 shares in the company, valued at $3,881,215.80. The trade was a 2.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daren Shaw sold 2,000 shares of the company's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $129.66, for a total transaction of $259,320.00. Following the sale, the director now directly owns 26,325 shares in the company, valued at $3,413,299.50. This represents a 7.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,186 shares of company stock valued at $6,345,115. 3.90% of the stock is owned by 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.