The Ensign Group, Inc. (NASDAQ:ENSG) Position Increased by Oak Ridge Investments LLC

Oak Ridge Investments LLC lifted its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 17.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,250 shares of the company's stock after acquiring an additional 4,783 shares during the period. Oak Ridge Investments LLC owned 0.06% of The Ensign Group worth $4,638,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of The Ensign Group by 0.6% in the first quarter. Vanguard Group Inc. now owns 6,661,581 shares of the company's stock valued at $828,834,000 after purchasing an additional 39,695 shares during the period. Dimensional Fund Advisors LP raised its position 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 buying an additional 35,862 shares during the last quarter. Van Berkom & Associates Inc. lifted its stake in shares of The Ensign Group by 2.1% in the 2nd quarter. Van Berkom & Associates Inc. now owns 877,211 shares of the company's stock worth $108,502,000 after acquiring an additional 18,412 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of The Ensign Group by 11.7% in the second 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 in the last quarter. Finally, Sei Investments Co. increased its stake in shares of The Ensign Group by 15.7% during the second quarter. Sei Investments Co. now owns 306,103 shares of the company's stock worth $37,862,000 after acquiring an additional 41,429 shares during the period. 96.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Royal Bank of Canada raised their price objective on shares of The Ensign Group from $167.00 to $172.00 and gave the company an "outperform" rating in a research report on Monday. Truist Financial lifted their price target on The Ensign Group from $160.00 to $170.00 and gave the company a "hold" rating in a research note on Monday. 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 report on Friday, October 25th. Finally, Stephens boosted their target price 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, The Ensign Group has a consensus rating of "Moderate Buy" and an average target price of $162.20.

The Ensign Group Price Performance

ENSG stock traded down $0.59 on Friday, reaching $154.40. The company had a trading volume of 302,645 shares, compared to its average volume of 370,377. The company's fifty day moving average is $149.47 and its 200 day moving average is $134.49. The company has a market cap of $8.85 billion, a P/E ratio of 37.53, a PEG ratio of 2.09 and a beta of 0.96. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.56 and a current ratio of 1.56. The Ensign Group, Inc. has a 1 year low of $96.29 and a 1 year high of $158.22.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last announced 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 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% on a year-over-year basis. During the same quarter last year, the business earned $1.10 EPS. On average, research analysts forecast that The Ensign Group, Inc. will post 4.99 earnings per share for the current year.

The Ensign Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were issued 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 dividend yield of 0.16%. The Ensign Group's dividend payout ratio (DPR) is 5.81%.

Insider Transactions at The Ensign Group

In related news, CEO Barry Port sold 3,000 shares of The Ensign Group stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $140.00, for a total transaction of $420,000.00. Following the transaction, the chief executive officer now owns 53,716 shares in the company, valued at approximately $7,520,240. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of the company's 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 completion of the transaction, the director now directly owns 29,125 shares of the company's stock, valued at $4,127,303.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Barry Port sold 3,000 shares of the business's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $140.00, for a total value of $420,000.00. Following the completion of the transaction, the chief executive officer now owns 53,716 shares in the company, valued at approximately $7,520,240. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,118 shares of company stock worth $2,363,620. 3.90% of the stock is currently owned by company insiders.

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.