Charles Schwab Investment Management Inc. Increases Stock Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Charles Schwab Investment Management Inc. increased its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 3.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 800,606 shares of the company's stock after acquiring an additional 23,381 shares during the period. Charles Schwab Investment Management Inc. owned about 1.40% of The Ensign Group worth $115,143,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Intech Investment Management LLC lifted its stake in The Ensign Group by 18.6% during the 3rd quarter. Intech Investment Management LLC now owns 18,836 shares of the company's stock valued at $2,709,000 after acquiring an additional 2,957 shares during the period. King Luther Capital Management Corp raised its holdings in shares of The Ensign Group by 1.3% during the third quarter. King Luther Capital Management Corp now owns 45,812 shares of the company's stock valued at $6,589,000 after purchasing an additional 589 shares during the last quarter. EULAV Asset Management lifted its position in The Ensign Group by 19.7% during the third quarter. EULAV Asset Management now owns 151,700 shares of the company's stock valued at $21,817,000 after purchasing an additional 25,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in The Ensign Group during the third quarter valued at approximately $9,565,000. Finally, Segall Bryant & Hamill LLC boosted its holdings in The Ensign Group by 2.5% in the third quarter. Segall Bryant & Hamill LLC now owns 289,422 shares of the company's stock worth $41,625,000 after purchasing an additional 7,123 shares during the last quarter. 96.12% of the stock is owned by institutional investors.

The Ensign Group Price Performance

The Ensign Group stock traded up $1.14 during mid-day trading on Tuesday, hitting $146.34. The stock had a trading volume of 270,545 shares, compared to its average volume of 377,491. The Ensign Group, Inc. has a one year low of $104.18 and a one year high of $158.45. 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 firm has a market capitalization of $8.38 billion, a P/E ratio of 35.43, a P/E/G ratio of 1.94 and a beta of 0.95. The firm's 50 day moving average is $148.59 and its 200 day moving average is $138.33.

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 analysts' consensus estimates of $1.38 by $0.01. The Ensign Group had a return on equity of 17.21% and a net margin of 5.84%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the company posted $1.10 earnings per share. The business's quarterly revenue was up 15.0% compared to the same quarter last year. On average, sell-side analysts forecast that The Ensign Group, Inc. will post 5.02 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

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

Insider Buying and Selling

In other The Ensign Group news, CEO Barry Port sold 5,618 shares of The Ensign Group stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.00, for a total value of $842,700.00. Following the sale, the chief executive officer now owns 53,716 shares of the company's stock, valued at $8,057,400. The trade was a 9.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ENSG shares. Stephens raised their target price on The Ensign Group from $163.00 to $167.00 and gave the stock an "overweight" rating in a research report on Monday, October 28th. Royal Bank of Canada raised their price objective on shares of The Ensign Group from $167.00 to $172.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. Oppenheimer increased their price target 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. UBS Group initiated coverage on shares of The Ensign Group in a research report on Thursday, November 21st. They set a "buy" rating and a $175.00 price objective for the company. Finally, Truist Financial raised their target price on The Ensign Group from $160.00 to $170.00 and gave the stock a "hold" rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, The Ensign Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.33.

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.