EP Wealth Advisors LLC Has $3.08 Million Stock Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

EP Wealth Advisors LLC boosted its stake in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 44.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,385 shares of the company's stock after buying an additional 6,623 shares during the quarter. EP Wealth Advisors LLC's holdings in The Ensign Group were worth $3,076,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ENSG. Kovitz Investment Group Partners LLC lifted its stake in shares of The Ensign Group by 7.0% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 6,141 shares of the company's stock worth $883,000 after purchasing an additional 404 shares during the period. Wellington Management Group LLP raised its position in shares of The Ensign Group by 54.6% in the 3rd quarter. Wellington Management Group LLP now owns 649,764 shares of the company's stock worth $93,449,000 after buying an additional 229,586 shares during the period. Wolverine Trading LLC purchased a new position in shares of The Ensign Group in the 3rd quarter worth $228,000. Quadrature Capital Ltd purchased a new position in shares of The Ensign Group in the 3rd quarter worth $650,000. Finally, Quantinno Capital Management LP increased its holdings in The Ensign Group by 20.0% in the 3rd quarter. Quantinno Capital Management LP now owns 4,321 shares of the company's stock valued at $621,000 after purchasing an additional 721 shares in the last quarter. Hedge funds and other institutional investors own 96.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Stephens raised their target price on The Ensign Group from $163.00 to $167.00 and gave the company an "overweight" rating in a research note on Monday, October 28th. Royal Bank of Canada lifted their price target on The Ensign Group from $167.00 to $172.00 and gave the stock an "outperform" rating in a research note on Monday, October 28th. Truist Financial lifted their price target on The Ensign Group from $160.00 to $170.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. UBS Group began coverage on The Ensign Group in a research note on Thursday, November 21st. They issued a "buy" rating and a $175.00 price target for the company. Finally, Oppenheimer lifted their price target on The Ensign Group from $165.00 to $168.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, The Ensign Group presently has an average rating of "Moderate Buy" and an average target price of $164.33.

The Ensign Group Stock Down 1.4 %

NASDAQ:ENSG traded down $2.09 during trading hours on Monday, hitting $142.14. 229,217 shares of the stock traded hands, compared to its average volume of 373,926. The Ensign Group, Inc. has a fifty-two week low of $106.36 and a fifty-two week high of $158.45. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.08. The firm has a market cap 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 firm has a 50 day moving average price of $147.70 and a 200 day moving average price of $140.00.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.01. The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.07 billion. The Ensign Group had a return on equity of 17.21% and a net margin of 5.84%. The business'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 earnings per share. Equities research analysts anticipate that The Ensign Group, Inc. will post 5.02 earnings per share for the current year.

The Ensign Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were paid 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 0.17%. The Ensign Group's payout ratio is presently 5.81%.

Insider Transactions at The Ensign Group

In related news, CEO Barry Port sold 2,000 shares of the business's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $155.00, for a total transaction of $310,000.00. Following the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at $8,325,980. The trade was a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.90% of the stock is currently owned by corporate 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.