EULAV Asset Management Buys 25,000 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

EULAV Asset Management increased its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 19.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,700 shares of the company's stock after acquiring an additional 25,000 shares during the quarter. EULAV Asset Management owned about 0.26% of The Ensign Group worth $21,817,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ENSG. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of The Ensign Group during the 3rd quarter valued at about $9,565,000. Segall Bryant & Hamill LLC lifted its holdings in shares of The Ensign Group by 2.5% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 289,422 shares of the company's stock worth $41,625,000 after acquiring an additional 7,123 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of The Ensign Group by 16.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,763 shares of the company's stock valued at $973,000 after purchasing an additional 969 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of The Ensign Group during the 3rd quarter valued at $4,517,000. Finally, Pathstone Holdings LLC increased its holdings in shares of The Ensign Group by 2.1% in the third quarter. Pathstone Holdings LLC now owns 33,772 shares of the company's stock worth $4,858,000 after buying an additional 698 shares during the period. 96.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Ensign Group

In related news, CEO Barry Port sold 5,618 shares of The Ensign Group stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.00, for a total transaction of $842,700.00. Following the completion of the transaction, the chief executive officer now directly owns 53,716 shares of the company's stock, valued at approximately $8,057,400. The trade was a 9.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 11,118 shares of company stock valued at $1,660,200 in the last 90 days. Insiders own 3.90% of the company's stock.

The Ensign Group Stock Up 0.1 %

Shares of NASDAQ:ENSG traded up $0.10 on Wednesday, hitting $144.66. 349,191 shares of the company traded hands, compared to its average volume of 378,694. The company has a market cap of $8.29 billion, a PE ratio of 35.00, a PEG ratio of 1.91 and a beta of 0.95. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.08. The Ensign Group, Inc. has a 52 week low of $104.18 and a 52 week high of $158.45. The stock has a 50 day simple moving average of $149.10 and a 200-day simple moving average of $137.52.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $1.39 EPS for the quarter, beating 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 business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business posted $1.10 EPS. The company's revenue was up 15.0% compared to the same quarter last year. As a group, research analysts expect that The Ensign Group, Inc. will post 5 earnings per share for the current year.

The Ensign Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.17%. The ex-dividend date was Monday, September 30th. The Ensign Group's payout ratio is currently 5.81%.

Wall Street Analyst Weigh In

ENSG has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price target on shares of The Ensign Group from $167.00 to $172.00 and gave the company an "outperform" rating in a report on Monday, October 28th. Truist Financial lifted their price target on shares of The Ensign Group from $160.00 to $170.00 and gave the company a "hold" rating in a report on Monday, October 28th. Oppenheimer upped 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, Stephens lifted their target price on shares of The Ensign Group from $163.00 to $167.00 and gave the company an "overweight" rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, The Ensign Group has an average rating of "Moderate Buy" and an average price target of $162.20.

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.