Crewe Advisors LLC Raises Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Crewe Advisors LLC boosted its stake in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,110,692 shares of the company's stock after purchasing an additional 10,221 shares during the quarter. The Ensign Group makes up 18.5% of Crewe Advisors LLC's investment portfolio, making the stock its largest position. Crewe Advisors LLC owned about 1.94% of The Ensign Group worth $159,740,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ENSG. Harbor Capital Advisors Inc. lifted its holdings in The Ensign Group by 294.7% in the second quarter. Harbor Capital Advisors Inc. now owns 9,726 shares of the company's stock worth $1,203,000 after buying an additional 7,262 shares during the period. Icon Wealth Advisors LLC increased its position in shares of The Ensign Group by 210.9% during the 3rd quarter. Icon Wealth Advisors LLC now owns 9,648 shares of the company's stock valued at $1,388,000 after purchasing an additional 6,545 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in The Ensign Group by 14.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 52,221 shares of the company's stock worth $6,486,000 after acquiring an additional 6,583 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of The Ensign Group in the second quarter worth $3,500,000. Finally, AXA S.A. lifted its holdings in shares of The Ensign Group by 9.4% in the 2nd quarter. AXA S.A. now owns 54,627 shares of the company's stock valued at $6,757,000 after acquiring an additional 4,684 shares during the last quarter. Institutional investors own 96.12% of the company's stock.

The Ensign Group Stock Performance

ENSG traded down $0.99 during trading hours on Friday, hitting $146.36. 334,907 shares of the stock were exchanged, compared to its average volume of 470,196. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 35.44, a price-to-earnings-growth ratio of 1.96 and a beta of 0.95. The Ensign Group, Inc. has a 12 month low of $104.18 and a 12 month high of $158.45. The stock has a 50-day simple moving average of $148.76 and a 200-day simple moving average of $138.14. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.56 and a quick ratio of 1.56.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.39 EPS 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 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 business'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 earnings per share. Analysts anticipate that The Ensign Group, Inc. will post 5.02 earnings per share for the current year.

The Ensign Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend was Monday, September 30th. The Ensign Group's payout ratio is 5.81%.

Analyst Ratings Changes

A number of equities analysts have recently commented on ENSG shares. Stephens raised 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, October 28th. Truist Financial boosted their target price on shares of The Ensign Group from $160.00 to $170.00 and gave the company a "hold" rating in a research report on Monday, October 28th. UBS Group initiated coverage on The Ensign Group in a report on Thursday. They issued a "buy" rating and a $175.00 price objective on the stock. Oppenheimer raised their price objective on shares of 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, Royal Bank of Canada boosted their price target on shares of The Ensign Group from $167.00 to $172.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $164.33.

Insider Activity at The Ensign Group

In related news, CEO Barry Port sold 2,000 shares of the stock in a transaction dated Friday, October 25th. The shares were 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 owns 53,716 shares in the company, valued at $8,325,980. This trade represents a 3.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.90% of the stock is currently owned by company insiders.

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.