NewEdge Advisors LLC Acquires 3,737 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

NewEdge Advisors LLC grew its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 21.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,134 shares of the company's stock after acquiring an additional 3,737 shares during the period. NewEdge Advisors LLC's holdings in The Ensign Group were worth $2,614,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake 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 worth $828,834,000 after purchasing an additional 39,695 shares in the last quarter. Capital Research Global Investors grew its position in The Ensign Group by 9.2% during the fourth quarter. Capital Research Global Investors now owns 2,620,360 shares of the company's stock worth $294,031,000 after buying an additional 221,838 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in The Ensign Group by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,322,526 shares of the company's stock worth $163,577,000 after acquiring an additional 35,862 shares during the period. Van Berkom & Associates Inc. raised its holdings in The Ensign Group by 2.1% in the 2nd quarter. Van Berkom & Associates Inc. now owns 877,211 shares of the company's stock valued at $108,502,000 after acquiring an additional 18,412 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of The Ensign Group by 11.7% during 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 acquiring an additional 59,933 shares during the period. Institutional investors own 96.12% of the company's stock.

The Ensign Group Price Performance

ENSG stock traded down $1.64 during trading on Friday, reaching $144.26. 306,392 shares of the company were exchanged, compared to its average volume of 373,571. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of 37.96, a P/E/G ratio of 2.03 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.53 and a quick ratio of 1.53. The company has a 50-day moving average of $146.44 and a two-hundred day moving average of $130.69. The Ensign Group, Inc. has a twelve month low of $90.78 and a twelve month high of $154.93.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.02. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the business posted $1.08 EPS. The Ensign Group's revenue for the quarter was up 12.5% on a year-over-year basis. As a group, equities analysts predict that The Ensign Group, Inc. will post 4.99 earnings per share for the current fiscal year.

The Ensign Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a $0.06 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.17%. The Ensign Group's dividend payout ratio is 6.32%.

Insider Buying and Selling at The Ensign Group

In related news, COO Spencer Burton sold 7,519 shares of The Ensign Group stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $135.04, for a total value of $1,015,365.76. Following the transaction, the chief operating officer now directly owns 42,629 shares of the company's stock, valued at $5,756,620.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Barry Port sold 5,618 shares of the business's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.00, for a total value of $842,700.00. Following the transaction, the chief executive officer now directly owns 53,716 shares of the company's stock, valued at $8,057,400. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Spencer Burton sold 7,519 shares of the business's stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $135.04, for a total value of $1,015,365.76. Following the completion of the transaction, the chief operating officer now directly owns 42,629 shares in the company, valued at approximately $5,756,620.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,736 shares of company stock worth $3,491,039. Insiders own 3.90% of the company's stock.

Analysts Set New Price Targets

ENSG has been the topic of a number of recent analyst reports. Macquarie assumed coverage on The Ensign Group in a research report on Friday, June 28th. They issued an "outperform" rating and a $134.00 price target on the stock. Truist Financial raised their target price on shares of The Ensign Group from $150.00 to $160.00 and gave the company a "hold" rating in a report on Wednesday, July 31st. Finally, Oppenheimer upped their price target on shares of The Ensign Group from $155.00 to $165.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, The Ensign Group currently has a consensus rating of "Moderate Buy" and an average target price of $145.40.

The Ensign Group Company 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.