The Ensign Group, Inc. (NASDAQ:ENSG) Shares Bought by Fmr LLC

FMR LLC grew its holdings in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 42.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,995,971 shares of the company's stock after acquiring an additional 593,779 shares during the period. FMR LLC owned about 3.48% of The Ensign Group worth $287,061,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ENSG. Baillie Gifford & Co. purchased a new stake in The Ensign Group in the third quarter valued at $151,827,000. Westfield Capital Management Co. LP acquired a new stake in The Ensign Group during the third quarter worth about $18,843,000. F M Investments LLC purchased a new position in The Ensign Group during the second quarter valued at approximately $14,370,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in The Ensign Group in the third quarter valued at approximately $9,565,000. Finally, Bank of New York Mellon Corp boosted its position in The Ensign Group by 11.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 571,532 shares of the company's stock worth $70,693,000 after purchasing an additional 59,933 shares in the last quarter. Institutional investors and hedge funds own 96.12% of the company's stock.

Insider Activity

In related news, CEO Barry Port sold 2,000 shares of the business's stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ENSG shares. Truist Financial raised their target price on The Ensign Group from $160.00 to $170.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Oppenheimer lifted their target price on shares of The Ensign Group from $165.00 to $168.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. UBS Group initiated coverage on shares of The Ensign Group in a research report on Thursday, November 21st. They set a "buy" rating and a $175.00 price target for the company. Stephens lifted their price objective 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, Royal Bank of Canada boosted their price objective 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. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $164.33.

The Ensign Group Trading Down 0.1 %

Shares of ENSG traded down $0.14 during mid-day trading on Monday, reaching $146.07. The stock had a trading volume of 97,520 shares, compared to its average volume of 375,259. 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 business's fifty day moving average is $148.16 and its 200 day moving average is $139.12. The Ensign Group, Inc. has a 52-week low of $104.18 and a 52-week high of $158.45. The firm has a market cap of $8.37 billion, a price-to-earnings ratio of 35.40, a P/E/G ratio of 1.94 and a beta of 0.95.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.38 by $0.01. The firm 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.10 EPS. On average, sell-side analysts predict that The Ensign Group, Inc. will post 5.02 EPS for the current fiscal year.

The Ensign Group Announces Dividend

The firm 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. The ex-dividend date was Monday, September 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.16%. The Ensign Group's dividend payout ratio is presently 5.81%.

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.