Icon Wealth Advisors LLC Buys 6,545 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Icon Wealth Advisors LLC raised its holdings in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 210.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,648 shares of the company's stock after purchasing an additional 6,545 shares during the quarter. Icon Wealth Advisors LLC's holdings in The Ensign Group were worth $1,388,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Harbor Capital Advisors Inc. raised its holdings 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 buying an additional 7,262 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake 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 worth $6,486,000 after acquiring an additional 6,583 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of The Ensign Group during the second quarter worth approximately $3,500,000. AXA S.A. grew its stake in shares of The Ensign Group by 9.4% during the second quarter. AXA S.A. now owns 54,627 shares of the company's stock valued at $6,757,000 after purchasing an additional 4,684 shares during the last quarter. Finally, BDF Gestion acquired a new stake in shares of The Ensign Group in the second quarter valued at approximately $1,577,000. Institutional investors and hedge funds own 96.12% of the company's stock.

The Ensign Group Trading Down 0.7 %

NASDAQ ENSG traded down $0.99 during trading on Friday, reaching $146.36. 334,907 shares of the stock traded hands, compared to its average volume of 470,196. The Ensign Group, Inc. has a fifty-two week low of $104.18 and a fifty-two week high of $158.45. 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 firm has a market cap of $8.39 billion, a price-to-earnings ratio of 35.44, a price-to-earnings-growth ratio of 1.96 and a beta of 0.95. The stock's 50-day moving average price is $148.76 and its 200 day moving average price is $137.85.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.39 EPS for the quarter, beating 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 analysts' expectations of $1.07 billion. During the same quarter in the prior year, the company earned $1.10 EPS. The firm's quarterly revenue was up 15.0% on a year-over-year basis. Analysts predict 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. Stockholders of record on Monday, September 30th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend 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 5.81%.

Insider Buying and Selling

In other news, CEO Barry Port sold 2,000 shares of The Ensign Group stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $155.00, for a total value of $310,000.00. Following the sale, the chief executive officer now directly owns 53,716 shares in the company, valued at $8,325,980. This trade represents a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ENSG has been the topic of a number of recent research reports. UBS Group began coverage on The Ensign Group in a research report on Thursday. They issued a "buy" rating and a $175.00 price objective on the stock. Oppenheimer lifted their price objective on The Ensign Group from $165.00 to $168.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Royal Bank of Canada upped their target price 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. Truist Financial lifted their price target 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. Finally, Stephens boosted 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 note on Monday, October 28th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $164.33.

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.