Edgestream Partners L.P. Has $5.46 Million Stake in The Ensign Group, Inc. (NASDAQ:ENSG)

Edgestream Partners L.P. decreased its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 22.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,977 shares of the company's stock after selling 11,246 shares during the period. Edgestream Partners L.P. owned about 0.07% of The Ensign Group worth $5,462,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in shares of The Ensign Group during the second quarter worth $31,000. Signaturefd LLC raised 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 acquiring an additional 152 shares during the period. Canada Pension Plan Investment Board bought a new position in The Ensign Group in the second quarter worth about $49,000. Blue Trust Inc. boosted its stake in The Ensign Group by 21.2% in the second quarter. Blue Trust Inc. now owns 429 shares of the company's stock valued at $53,000 after acquiring an additional 75 shares during the period. Finally, USA Financial Formulas bought a new position in shares of The Ensign Group during the third quarter valued at approximately $54,000. 96.12% of the stock is currently owned by institutional investors and hedge funds.

The Ensign Group Stock Performance

Shares of NASDAQ ENSG traded up $0.23 during midday trading on Friday, reaching $146.21. 176,521 shares of the company traded hands, compared to its average volume of 428,620. The company has a market cap of $8.38 billion, a price-to-earnings ratio of 35.40, a PEG ratio of 1.94 and a beta of 0.95. The stock has a 50-day moving average price of $148.16 and a 200 day moving average price of $138.98. The Ensign Group, Inc. has a 52 week low of $104.18 and a 52 week high of $158.45. 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 released its quarterly earnings results on Thursday, October 24th. The company reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.01. The company had revenue of $1.08 billion for 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 Ensign Group's revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 EPS. Sell-side analysts anticipate that The Ensign Group, Inc. will post 5.02 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors 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 yield of 0.16%. The ex-dividend date of this dividend was Monday, September 30th. The Ensign Group's payout ratio is currently 5.81%.

Insider Buying and Selling at The Ensign Group

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

Analyst Ratings Changes

ENSG has been the topic of several recent research reports. Royal Bank of Canada raised 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. Truist Financial raised their target price on The Ensign Group from $160.00 to $170.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Stephens upped their price target on shares of The Ensign Group from $163.00 to $167.00 and gave the stock an "overweight" rating in a research report on Monday, October 28th. UBS Group initiated coverage on shares of The Ensign Group in a research report on Thursday, November 21st. They issued a "buy" rating and a $175.00 price objective on the stock. Finally, Oppenheimer boosted their target price on shares of The Ensign Group from $165.00 to $168.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $164.33.

The Ensign Group Company 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.