Edgestream Partners L.P. Buys 8,744 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Edgestream Partners L.P. raised its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 23.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,721 shares of the company's stock after acquiring an additional 8,744 shares during the quarter. Edgestream Partners L.P. owned about 0.08% of The Ensign Group worth $6,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Private Advisor Group LLC bought a new stake in shares of The Ensign Group during the 3rd quarter valued at $228,000. QRG Capital Management Inc. lifted its holdings in shares of The Ensign Group by 6.8% during the 3rd quarter. QRG Capital Management Inc. now owns 5,547 shares of the company's stock worth $798,000 after acquiring an additional 355 shares during the last quarter. Amalgamated Bank increased its stake in The Ensign Group by 51.7% in the third quarter. Amalgamated Bank now owns 26,093 shares of the company's stock valued at $3,753,000 after acquiring an additional 8,891 shares during the last quarter. Consolidated Planning Corp purchased a new stake in The Ensign Group during the third quarter valued at about $603,000. Finally, Lifestyle Asset Management Inc. boosted its holdings in shares of The Ensign Group by 8.0% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 2,498 shares of the company's stock worth $359,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 96.12% of the company's stock.

The Ensign Group Trading Down 1.5 %

Shares of NASDAQ:ENSG traded down $1.95 during midday trading on Tuesday, hitting $128.35. 358,477 shares of the stock traded hands, compared to its average volume of 387,908. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.08. The business's 50 day moving average is $133.58 and its two-hundred day moving average is $142.09. The stock has a market capitalization of $7.37 billion, a PE ratio of 25.12, a P/E/G ratio of 1.52 and a beta of 0.98. The Ensign Group, Inc. has a one year low of $113.27 and a one year high of $158.45.

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

The Ensign Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.0625 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.25 annualized dividend and a dividend yield of 0.19%. This is a boost from The Ensign Group's previous quarterly dividend of $0.06. The Ensign Group's payout ratio is currently 4.89%.

Analyst Ratings Changes

A number of analysts recently weighed in on ENSG shares. Stephens restated an "overweight" rating and issued a $155.00 target price on shares of The Ensign Group in a research report on Thursday, February 6th. Macquarie boosted their price target on shares of The Ensign Group from $165.00 to $166.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 4th. Truist Financial reduced their price objective on The Ensign Group from $170.00 to $155.00 and set a "hold" rating on the stock in a research note on Monday, January 6th. Finally, UBS Group assumed coverage on The Ensign Group in a research note on Thursday, November 21st. They issued a "buy" rating and a $175.00 target price for the company. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $165.17.

Insider Buying and Selling

In related news, Director Daren Shaw sold 2,000 shares of the company's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $129.66, for a total value of $259,320.00. Following the sale, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Barry M. Smith sold 700 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $129.15, for a total value of $90,405.00. Following the completion of the transaction, the director now owns 30,052 shares of the company's stock, valued at approximately $3,881,215.80. This trade represents a 2.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,186 shares of company stock valued at $6,345,115 over the last three months. Corporate insiders own 3.90% of the company's stock.

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.