Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 66,508 The Ensign Group, Inc. (NASDAQ:ENSG)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 66,508 shares of the company's stock, valued at approximately $9,565,000. Connor Clark & Lunn Investment Management Ltd. owned 0.12% of The Ensign Group as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Opal Wealth Advisors LLC bought a new position in The Ensign Group during the second quarter worth $31,000. EntryPoint Capital LLC bought a new position in shares of The Ensign Group during the 1st quarter worth about $34,000. Signaturefd LLC lifted its stake in The Ensign Group by 115.2% during the third quarter. Signaturefd LLC now owns 284 shares of the company's stock worth $41,000 after purchasing an additional 152 shares during the period. LRI Investments LLC acquired a new position in shares of The Ensign Group in the 1st quarter worth approximately $45,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of The Ensign Group during the 2nd quarter worth approximately $49,000. 96.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Stephens upped their price target on The Ensign Group from $163.00 to $167.00 and gave the company an "overweight" rating in a research report on Monday, October 28th. Truist Financial increased their target price on shares of The Ensign Group from $160.00 to $170.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Royal Bank of Canada boosted their price target on shares of The Ensign Group from $167.00 to $172.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. Oppenheimer raised their price objective on shares of The Ensign Group from $165.00 to $168.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Finally, UBS Group started coverage on The Ensign Group in a report on Thursday. They issued a "buy" rating and a $175.00 target price on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $164.33.

Insider Activity at The Ensign Group

In other The Ensign Group news, CEO Barry Port sold 2,000 shares of The Ensign Group stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $155.00, for a total transaction of $310,000.00. Following the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $8,325,980. The trade was a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.90% of the stock is currently owned by corporate insiders.

The Ensign Group Trading Down 0.7 %

Shares of ENSG traded down $0.99 during trading hours on Friday, hitting $146.36. 318,062 shares of the stock traded hands, compared to its average volume of 377,983. The business has a fifty day moving average of $148.89 and a 200-day moving average of $137.64. 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 $8.39 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 1.92 and a beta of 0.95. The Ensign Group, Inc. has a 1-year low of $104.18 and a 1-year high of $158.45.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last posted its quarterly earnings results 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 net margin of 5.84% and a return on equity of 17.21%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm posted $1.10 earnings per share. The Ensign Group's revenue for the quarter was up 15.0% compared to the same quarter last year. Analysts expect that The Ensign Group, Inc. will post 5.02 EPS for the current year.

The Ensign Group Dividend Announcement

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

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.