HWG Holdings LP Purchases New Position in The Ensign Group, Inc. (NASDAQ:ENSG)

HWG Holdings LP bought a new position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,584 shares of the company's stock, valued at approximately $1,522,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in The Ensign Group in the 2nd quarter worth approximately $31,000. EntryPoint Capital LLC acquired a new position in shares of The Ensign Group during the 1st quarter worth $34,000. Signaturefd LLC increased its stake in shares of The Ensign Group by 115.2% during the 3rd quarter. Signaturefd LLC now owns 284 shares of the company's stock worth $41,000 after purchasing an additional 152 shares during the last quarter. LRI Investments LLC acquired a new position in shares of The Ensign Group during the 1st quarter worth $45,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of The Ensign Group during the 2nd quarter worth $49,000. Hedge funds and other institutional investors own 96.12% of the company's stock.

Insiders Place Their Bets

In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of the firm's stock in a transaction on 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 directly owns 29,125 shares in the company, valued at $4,127,303.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, 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 completion of the transaction, the director now directly owns 29,125 shares of the company's stock, valued at approximately $4,127,303.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Barry Port sold 3,000 shares of the firm's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $140.00, for a total transaction of $420,000.00. Following the transaction, the chief executive officer now directly owns 53,716 shares of the company's stock, valued at $7,520,240. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,118 shares of company stock worth $2,053,620 in the last ninety days. Insiders own 3.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Oppenheimer increased their price target on shares of The Ensign Group from $165.00 to $168.00 and gave the stock an "outperform" rating in a research note on Friday. Macquarie assumed coverage on shares of The Ensign Group in a research note on Friday, June 28th. They set an "outperform" rating and a $134.00 price target on the stock. Truist Financial increased their price target on shares of The Ensign Group from $150.00 to $160.00 and gave the stock a "hold" rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada raised their target price on shares of The Ensign Group from $133.00 to $167.00 and gave the company an "outperform" rating in a research note on Monday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $152.80.

The Ensign Group Stock Performance

NASDAQ:ENSG traded up $3.97 during midday trading on Friday, reaching $152.82. The stock had a trading volume of 500,690 shares, compared to its average volume of 369,961. 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 stock has a market capitalization of $8.70 billion, a P/E ratio of 40.77, a PEG ratio of 1.96 and a beta of 0.96. The firm's fifty day simple moving average is $148.37 and its 200-day simple moving average is $133.27. The Ensign Group, Inc. has a 1-year low of $92.69 and a 1-year high of $155.68.

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

The Ensign Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a $0.06 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.24 annualized dividend and a yield of 0.16%. The Ensign Group's dividend payout ratio is 6.32%.

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.