Dynamic Technology Lab Private Ltd Boosts Stock Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Dynamic Technology Lab Private Ltd grew its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 374.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,201 shares of the company's stock after acquiring an additional 8,841 shares during the period. Dynamic Technology Lab Private Ltd's holdings in The Ensign Group were worth $1,611,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Opal Wealth Advisors LLC purchased a new stake in The Ensign Group in the second quarter worth $31,000. EntryPoint Capital LLC purchased a new stake in The Ensign Group in the 1st quarter worth about $34,000. Signaturefd LLC lifted its holdings in The Ensign Group by 115.2% during the third quarter. Signaturefd LLC now owns 284 shares of the company's stock valued at $41,000 after purchasing an additional 152 shares during the last quarter. LRI Investments LLC bought a new position in The Ensign Group during the first quarter worth about $45,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of The Ensign Group in the second quarter worth about $49,000. Institutional investors own 96.12% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, CEO Barry Port sold 5,618 shares of the business's 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 completion of the sale, the chief executive officer now owns 53,716 shares in the company, valued at $8,057,400. The trade was a 9.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.90% of the stock is owned by company insiders.

The Ensign Group Price Performance

The Ensign Group stock traded up $1.14 during midday trading on Tuesday, hitting $146.34. 270,545 shares of the company's stock were exchanged, compared to its average volume of 377,491. The company has a market cap of $8.38 billion, a P/E ratio of 35.43, a PEG ratio of 1.94 and a beta of 0.95. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a 50-day moving average price of $148.59 and a two-hundred day moving average price of $138.33. The Ensign Group, Inc. has a 52-week low of $104.18 and a 52-week high of $158.45.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.39 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The Ensign Group's revenue was up 15.0% on a year-over-year basis. On average, equities research analysts forecast that The Ensign Group, Inc. will post 5.02 earnings per share for the current year.

The Ensign Group Dividend Announcement

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

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.