Capital Fund Management S.A. Makes New $3.48 Million Investment in The Ensign Group, Inc. (NASDAQ:ENSG)

Capital Fund Management S.A. purchased a new position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,201 shares of the company's stock, valued at approximately $3,481,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Retirement Wealth Solutions LLC bought a new position in The Ensign Group in the 4th quarter worth about $25,000. Avior Wealth Management LLC increased its position in shares of The Ensign Group by 190.1% in the fourth quarter. Avior Wealth Management LLC now owns 206 shares of the company's stock worth $27,000 after purchasing an additional 135 shares during the last quarter. Venturi Wealth Management LLC raised its stake in The Ensign Group by 150.6% in the fourth quarter. Venturi Wealth Management LLC now owns 208 shares of the company's stock valued at $28,000 after purchasing an additional 125 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its stake in The Ensign Group by 38.8% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 354 shares of the company's stock valued at $47,000 after purchasing an additional 99 shares in the last quarter. Finally, Asset Planning Inc bought a new stake in The Ensign Group during the fourth quarter valued at approximately $80,000. Hedge funds and other institutional investors own 96.12% of the company's stock.

The Ensign Group Trading Down 0.2 %

The Ensign Group stock traded down $0.20 during mid-day trading on Friday, hitting $127.98. The company's stock had a trading volume of 405,858 shares, compared to its average volume of 427,182. The business has a 50 day moving average price of $128.90 and a 200-day moving average price of $137.69. The Ensign Group, Inc. has a 12 month low of $113.27 and a 12 month high of $158.45. The stock has a market cap of $7.35 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. 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 Ensign Group (NASDAQ:ENSG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts forecast that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.0625 per share. The ex-dividend date is Monday, March 31st. This represents a $0.25 dividend on an annualized basis and a yield of 0.20%. The Ensign Group's dividend payout ratio is currently 4.89%.

Wall Street Analysts Forecast Growth

ENSG has been the topic of several research reports. Stephens restated an "overweight" rating and set a $155.00 price objective on shares of The Ensign Group in a research report on Thursday, February 6th. Truist Financial lowered their price target on The Ensign Group from $170.00 to $155.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. Finally, Macquarie upped their price objective on The Ensign Group from $165.00 to $166.00 and gave the stock an "outperform" rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, The Ensign Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.17.

Insiders Place Their Bets

In related news, Director Barry M. Smith sold 700 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $138.48, for a total value of $96,936.00. Following the sale, the director now directly owns 30,752 shares of the company's stock, valued at $4,258,536.96. This trade represents a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daren Shaw sold 2,000 shares of the company's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $129.66, for a total value of $259,320.00. Following the transaction, the director now directly owns 26,325 shares of the company's stock, valued at $3,413,299.50. The trade was a 7.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,486 shares of company stock valued at $6,251,714 in the last quarter. Insiders own 3.90% of the company's stock.

The Ensign Group 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.