Consolidated Planning Corp purchased a new stake in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,191 shares of the company's stock, valued at approximately $603,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Entropy Technologies LP acquired a new stake in shares of The Ensign Group in the 1st quarter valued at about $792,000. Harbor Capital Advisors Inc. increased its position in shares of The Ensign Group by 294.7% in the second quarter. Harbor Capital Advisors Inc. now owns 9,726 shares of the company's stock valued at $1,203,000 after acquiring an additional 7,262 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of The Ensign Group by 14.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 52,221 shares of the company's stock valued at $6,486,000 after acquiring an additional 6,583 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of The Ensign Group in the second quarter valued at about $3,500,000. Finally, Quantbot Technologies LP acquired a new stake in shares of The Ensign Group in the first quarter valued at about $1,599,000. Institutional investors and hedge funds own 96.12% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently issued reports on ENSG shares. Stephens lifted their target price 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 lifted their price target on The Ensign Group from $160.00 to $170.00 and gave the stock a "hold" rating in a report on Monday, October 28th. Oppenheimer lifted their price target on The Ensign Group from $165.00 to $168.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Finally, Royal Bank of Canada lifted their price target on The Ensign Group from $167.00 to $172.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $162.20.
Get Our Latest Stock Report on The Ensign Group
The Ensign Group Price Performance
ENSG traded down $0.41 during trading on Friday, hitting $148.15. 431,231 shares of the stock traded hands, compared to its average volume of 380,508. The Ensign Group, Inc. has a twelve month low of $101.28 and a twelve month high of $158.45. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 36.27, a PEG ratio of 2.05 and a beta of 0.95. 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 business has a 50 day moving average price of $149.68 and a 200 day moving average price of $135.63.
The Ensign Group (NASDAQ:ENSG - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.01. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. The Ensign Group had a net margin of 5.84% and a return on equity of 17.21%. The company's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 earnings per share. Equities research analysts forecast that The Ensign Group, Inc. will post 5 earnings per share for the current fiscal 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 payout ratio is 5.81%.
Insider Activity at The Ensign Group
In other The Ensign Group news, CEO Barry Port sold 5,618 shares of the company's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.00, for a total transaction of $842,700.00. Following the sale, the chief executive officer now owns 53,716 shares of the company's stock, valued at approximately $8,057,400. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other The Ensign Group news, CEO Barry Port sold 5,618 shares of the company's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.00, for a total transaction of $842,700.00. Following the sale, the chief executive officer now owns 53,716 shares of the company's stock, valued at approximately $8,057,400. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daren Shaw sold 2,000 shares of the company's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $141.71, for a total transaction of $283,420.00. Following the sale, the director now directly owns 29,125 shares in the company, valued at $4,127,303.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,118 shares of company stock worth $1,943,620 over the last three months. Company insiders own 3.90% of the company's stock.
The Ensign Group Profile
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Free Report)
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.
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