Lisanti Capital Growth LLC Takes Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Lisanti Capital Growth LLC purchased a new position in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,435 shares of the company's stock, valued at approximately $1,213,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. F M Investments LLC purchased a new position in The Ensign Group in the 2nd quarter valued at approximately $14,370,000. Bank of New York Mellon Corp boosted its position in The Ensign Group by 11.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 571,532 shares of the company's stock valued at $70,693,000 after buying an additional 59,933 shares during the period. Grandeur Peak Global Advisors LLC purchased a new position in The Ensign Group in the 1st quarter valued at approximately $5,167,000. Sei Investments Co. boosted its position in The Ensign Group by 15.7% in the 2nd quarter. Sei Investments Co. now owns 306,103 shares of the company's stock valued at $37,862,000 after buying an additional 41,429 shares during the period. Finally, Vanguard Group Inc. boosted its position in The Ensign Group by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 6,661,581 shares of the company's stock valued at $828,834,000 after buying an additional 39,695 shares during the period. Institutional investors and hedge funds own 96.12% of the company's stock.

Insider Buying and Selling at The Ensign Group

In other news, Director Daren Shaw sold 2,000 shares of The Ensign Group stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $141.71, for a total value of $283,420.00. Following the sale, the director now owns 29,125 shares of the company's stock, valued at $4,127,303.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Daren Shaw sold 2,000 shares of The Ensign Group stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $141.71, for a total value of $283,420.00. Following the sale, the director now owns 29,125 shares of the company's stock, valued at $4,127,303.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $8,057,400. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,118 shares of company stock worth $1,943,620. 3.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ENSG has been the subject of several recent analyst reports. Oppenheimer lifted their price objective on shares of 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 lifted their price objective on shares of The Ensign Group from $167.00 to $172.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. Stephens lifted their price objective 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. Finally, Truist Financial lifted their price objective 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $162.20.

The Ensign Group Stock Up 2.3 %

NASDAQ:ENSG traded up $3.44 during midday trading on Monday, hitting $151.59. 369,170 shares of the company were exchanged, compared to its average volume of 380,455. The company has a fifty day simple moving average of $149.61 and a 200 day simple moving average of $136.09. The Ensign Group, Inc. has a fifty-two week low of $102.33 and a fifty-two week high of $158.45. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $8.69 billion, a PE ratio of 36.62, a price-to-earnings-growth ratio of 1.98 and a beta of 0.95.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.38 by $0.01. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates 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 for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the business earned $1.10 EPS. As a group, equities analysts anticipate that The Ensign Group, Inc. will post 5 earnings per share for the current fiscal year.

The Ensign Group Announces Dividend

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

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.