Los Angeles Capital Management LLC Boosts Stock Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Los Angeles Capital Management LLC lifted its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 17.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,646 shares of the company's stock after purchasing an additional 4,707 shares during the quarter. Los Angeles Capital Management LLC owned 0.06% of The Ensign Group worth $4,551,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its position in shares of The Ensign Group by 17.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,870 shares of the company's stock valued at $1,601,000 after buying an additional 1,925 shares during the last quarter. SG Americas Securities LLC purchased a new position in The Ensign Group during the first quarter valued at $1,909,000. Swiss National Bank increased its holdings in shares of The Ensign Group by 0.6% in the 1st quarter. Swiss National Bank now owns 111,400 shares of the company's stock worth $13,860,000 after purchasing an additional 700 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of The Ensign Group in the first quarter worth $635,000. Finally, Headlands Technologies LLC bought a new stake in shares of The Ensign Group in the first quarter worth $189,000. 96.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other The Ensign Group news, CEO Barry Port sold 3,500 shares of The Ensign Group stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $145.00, for a total value of $507,500.00. Following the completion of the transaction, the chief executive officer now directly owns 53,716 shares of the company's stock, valued at $7,788,820. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Barry Port sold 3,500 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $145.00, for a total transaction of $507,500.00. Following the completion of the sale, the chief executive officer now directly owns 53,716 shares in the company, valued at $7,788,820. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Daren Shaw sold 2,000 shares of the firm's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $141.71, for a total transaction of $283,420.00. Following the transaction, the director now directly owns 29,125 shares in the company, valued at $4,127,303.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,118 shares of company stock valued at $1,943,620 in the last quarter. Company insiders own 3.90% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Royal Bank of Canada boosted their target price on The Ensign Group from $167.00 to $172.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. Oppenheimer increased their price objective on The Ensign Group from $165.00 to $168.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Stephens increased their price objective on The Ensign Group from $163.00 to $167.00 and gave the company an "overweight" rating in a report on Monday, October 28th. Finally, Truist Financial raised their target price on The Ensign Group from $160.00 to $170.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $162.20.

The Ensign Group Stock Down 0.6 %

The Ensign Group stock traded down $0.96 during midday trading on Tuesday, hitting $150.63. 119,843 shares of the stock were exchanged, compared to its average volume of 379,265. 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, Inc. has a 1 year low of $102.33 and a 1 year high of $158.45. The company has a 50 day moving average price of $149.62 and a two-hundred day moving average price of $136.33. The firm has a market cap of $8.63 billion, a P/E ratio of 36.70, a P/E/G ratio of 1.98 and a beta of 0.95.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last posted its 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 Ensign Group had a net margin of 5.84% and a return on equity of 17.21%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm posted $1.10 earnings per share. The company's revenue for the quarter was up 15.0% compared to the same quarter last year. On average, sell-side analysts predict 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 announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a $0.06 dividend. 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 dividend payout ratio (DPR) is currently 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.