Mutual of America Capital Management LLC raised its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 229.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,564 shares of the company's stock after buying an additional 21,283 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of The Ensign Group worth $4,396,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in The Ensign Group in the second quarter valued at approximately $31,000. EntryPoint Capital LLC acquired a new position in The Ensign Group during the 1st quarter valued at approximately $34,000. Signaturefd LLC increased its position in The Ensign Group by 115.2% in the third quarter. Signaturefd LLC now owns 284 shares of the company's stock worth $41,000 after buying an additional 152 shares during the period. LRI Investments LLC bought a new stake in The Ensign Group in the first quarter valued at $45,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of The Ensign Group during the second quarter valued at $49,000. Institutional investors own 96.12% of the company's stock.
Analyst Upgrades and Downgrades
ENSG has been the topic of several recent research reports. UBS Group assumed coverage on shares of The Ensign Group in a research report on Thursday. They issued a "buy" rating and a $175.00 price objective on the stock. Truist Financial boosted their price objective on The Ensign Group from $160.00 to $170.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Oppenheimer lifted their target price on The Ensign Group from $165.00 to $168.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Royal Bank of Canada increased their price target on The Ensign Group from $167.00 to $172.00 and gave the stock an "outperform" rating in a research note on Monday, October 28th. Finally, Stephens lifted their price objective 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 five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.33.
Read Our Latest Research Report on ENSG
Insider Activity
In other news, CEO Barry Port sold 2,000 shares of the 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 completion of the sale, the chief executive officer now owns 53,716 shares in the company, valued at $8,325,980. This 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 this link. Insiders own 3.90% of the company's stock.
The Ensign Group Price Performance
Shares of ENSG traded down $0.99 during midday trading on Friday, reaching $146.36. The stock had a trading volume of 334,907 shares, compared to its average volume of 377,983. 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 company has a market capitalization of $8.39 billion, a P/E ratio of 35.36, a P/E/G ratio of 1.92 and a beta of 0.95. The firm's 50 day moving average price is $148.89 and its 200-day moving average price is $137.64. The Ensign Group, Inc. has a 52 week low of $104.18 and a 52 week high of $158.45.
The Ensign Group (NASDAQ:ENSG - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.01. The company had revenue of $1.08 billion during 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 prior year, the company earned $1.10 EPS. On average, analysts forecast that The Ensign Group, Inc. will post 5.02 earnings per share for the current fiscal year.
The Ensign Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.06 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.16%. The Ensign Group's dividend payout ratio is currently 5.81%.
The Ensign Group Profile
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Free Report)
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.
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