Harbor Capital Advisors Inc. increased its stake in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 177.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,008 shares of the company's stock after acquiring an additional 17,282 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in The Ensign Group were worth $3,884,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in shares of The Ensign Group by 6.7% during the third quarter. Farther Finance Advisors LLC now owns 8,440 shares of the company's stock valued at $1,214,000 after acquiring an additional 532 shares during the period. Oak Ridge Investments LLC grew its position in The Ensign Group by 17.4% during the 3rd quarter. Oak Ridge Investments LLC now owns 32,250 shares of the company's stock worth $4,638,000 after purchasing an additional 4,783 shares in the last quarter. HWG Holdings LP acquired a new stake in The Ensign Group during the 3rd quarter valued at $1,522,000. International Assets Investment Management LLC acquired a new stake in The Ensign Group during the 3rd quarter valued at $1,531,000. Finally, Private Advisor Group LLC purchased a new stake in shares of The Ensign Group in the third quarter valued at $228,000. 96.12% of the stock is owned by institutional investors and hedge funds.
The Ensign Group Stock Down 0.6 %
Shares of NASDAQ ENSG traded down $0.94 during trading hours on Monday, hitting $153.39. The stock had a trading volume of 611,189 shares, compared to its average volume of 371,508. The firm's 50-day moving average price is $149.59 and its two-hundred day moving average price is $134.98. The Ensign Group, Inc. has a 52 week low of $101.03 and a 52 week high of $158.22. The company has a market capitalization of $8.79 billion, a P/E ratio of 37.37, a P/E/G ratio of 2.07 and a beta of 0.95. 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 (NASDAQ:ENSG - Get Free Report) last released 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 business had revenue of $1.08 billion for 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 for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 EPS. Analysts anticipate that The Ensign Group, Inc. will post 4.99 EPS for the current fiscal year.
The Ensign Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors 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 yield of 0.16%. The Ensign Group's dividend payout ratio (DPR) is currently 5.81%.
Insider Buying and Selling at The Ensign Group
In other news, CEO Barry Port sold 3,000 shares of the business's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $140.00, for a total value of $420,000.00. Following the completion of the sale, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $7,520,240. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, 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 transaction of $420,000.00. Following the completion of the transaction, the chief executive officer now owns 53,716 shares of the company's stock, valued at approximately $7,520,240. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daren Shaw sold 2,000 shares of the firm's stock in a transaction that occurred 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 completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 16,118 shares of company stock worth $2,363,620 over the last 90 days. Insiders own 3.90% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on ENSG shares. Stephens lifted their price target on The Ensign Group from $163.00 to $167.00 and gave the company an "overweight" rating in a 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. Truist Financial increased their price target on shares of The Ensign Group from $160.00 to $170.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Finally, Royal Bank of Canada boosted 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, October 28th. 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 company currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.20.
View Our Latest Analysis on ENSG
About The Ensign Group
(
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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