Connor Clark & Lunn Investment Management Ltd. Raises Stake in The Ensign Group, Inc. (NASDAQ:ENSG)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 17.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,085 shares of the company's stock after buying an additional 11,577 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.14% of The Ensign Group worth $10,374,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in The Ensign Group by 57.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,188 shares of the company's stock worth $291,000 after purchasing an additional 794 shares in the last quarter. King Luther Capital Management Corp raised its stake in shares of The Ensign Group by 6.7% during the 4th quarter. King Luther Capital Management Corp now owns 48,883 shares of the company's stock worth $6,495,000 after acquiring an additional 3,071 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of The Ensign Group by 20.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,201 shares of the company's stock worth $2,152,000 after acquiring an additional 2,774 shares in the last quarter. AlphaQuest LLC lifted its position in The Ensign Group by 754.8% during the fourth quarter. AlphaQuest LLC now owns 3,026 shares of the company's stock valued at $402,000 after acquiring an additional 2,672 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its stake in The Ensign Group by 23.0% in the fourth quarter. Edgestream Partners L.P. now owns 46,721 shares of the company's stock valued at $6,207,000 after acquiring an additional 8,744 shares in the last quarter. Institutional investors own 96.12% of the company's stock.

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The Ensign Group Stock Performance

NASDAQ ENSG traded up $1.20 during mid-day trading on Wednesday, reaching $130.79. 286,953 shares of the stock were exchanged, compared to its average volume of 386,884. The Ensign Group, Inc. has a 1 year low of $113.27 and a 1 year high of $158.45. 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 business's 50 day moving average is $133.02 and its 200-day moving average is $141.19. The company has a market capitalization of $7.51 billion, a P/E ratio of 25.59, a P/E/G ratio of 1.52 and a beta of 0.98.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.11). The Ensign Group had a net margin of 6.99% and a return on equity of 17.07%. On average, equities research analysts forecast that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Daren Shaw sold 2,000 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $129.66, for a total transaction of $259,320.00. Following the completion of the sale, the director now owns 26,325 shares of the company's stock, valued at $3,413,299.50. This represents a 7.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barry M. Smith sold 700 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $138.48, for a total transaction of $96,936.00. Following the completion of the transaction, the director now directly owns 30,752 shares in the company, valued at approximately $4,258,536.96. This represents a 2.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,186 shares of company stock valued at $6,345,115. 3.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Stephens reaffirmed an "overweight" rating and set a $155.00 price target on shares of The Ensign Group in a research report on Thursday, February 6th. 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. Truist Financial decreased their price objective on shares of The Ensign Group from $170.00 to $155.00 and set a "hold" rating for the company in a research report on Monday, January 6th. Finally, Macquarie boosted their target price on shares of The Ensign Group from $165.00 to $166.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $165.17.

The Ensign Group Company 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.