Quadrature Capital Ltd Acquires New Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Quadrature Capital Ltd acquired a new stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,515 shares of the company's stock, valued at approximately $650,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ENSG. Icon Wealth Advisors LLC grew its position in shares of The Ensign Group by 210.9% during the third quarter. Icon Wealth Advisors LLC now owns 9,648 shares of the company's stock worth $1,388,000 after purchasing an additional 6,545 shares in the last quarter. Crewe Advisors LLC boosted its position in shares of The Ensign Group by 0.9% during the third quarter. Crewe Advisors LLC now owns 1,110,692 shares of the company's stock worth $159,740,000 after acquiring an additional 10,221 shares during the last quarter. Renaissance Technologies LLC bought a new stake in The Ensign Group in the 2nd quarter valued at $3,500,000. AXA S.A. lifted its stake in The Ensign Group by 9.4% in the 2nd quarter. AXA S.A. now owns 54,627 shares of the company's stock worth $6,757,000 after purchasing an additional 4,684 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its holdings in shares of The Ensign Group by 2.5% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 289,422 shares of the company's stock valued at $41,625,000 after purchasing an additional 7,123 shares during the last quarter. 96.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Barry Port sold 2,000 shares of the company's stock in a transaction on Friday, October 25th. The stock was sold at an average price of $155.00, for a total transaction of $310,000.00. Following the completion of the sale, the chief executive officer now directly owns 53,716 shares in the company, valued at $8,325,980. This represents a 3.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 3.90% of the company's stock.

Analyst Ratings Changes

ENSG has been the topic of several research reports. Truist Financial lifted their target price on The Ensign Group from $160.00 to $170.00 and gave the stock a "hold" rating in a report on Monday, October 28th. Royal Bank of Canada raised their target price on shares of The Ensign Group from $167.00 to $172.00 and gave the company an "outperform" rating in a report on Monday, October 28th. UBS Group initiated coverage on The Ensign Group in a research note on Thursday, November 21st. They set a "buy" rating and a $175.00 price objective on the stock. Stephens lifted their target price on The Ensign Group from $163.00 to $167.00 and gave the stock an "overweight" rating in a report on Monday, October 28th. Finally, Oppenheimer increased their price target on The Ensign Group from $165.00 to $168.00 and gave the company an "outperform" rating in a report on Friday, October 25th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, The Ensign Group has an average rating of "Moderate Buy" and a consensus price target of $164.33.

The Ensign Group Trading Down 1.4 %

ENSG stock traded down $2.09 during midday trading on Monday, reaching $142.14. The company's stock had a trading volume of 229,163 shares, compared to its average volume of 373,926. The Ensign Group, Inc. has a 1 year low of $106.36 and a 1 year high of $158.45. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 1.91 and a beta of 0.92. The stock has a fifty day simple moving average of $147.70 and a two-hundred day simple moving average of $140.00. 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 announced its quarterly earnings data 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 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 firm's revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. On average, equities research analysts predict that The Ensign Group, Inc. will post 5.02 EPS for the current year.

The Ensign Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend was Monday, September 30th. The Ensign Group's payout ratio is 5.81%.

The Ensign Group 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.