Wellington Management Group LLP Purchases 229,586 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Wellington Management Group LLP lifted its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 54.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 649,764 shares of the company's stock after acquiring an additional 229,586 shares during the quarter. Wellington Management Group LLP owned approximately 1.13% of The Ensign Group worth $93,449,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its position in The Ensign Group by 595.9% during the 1st quarter. Cetera Investment Advisers now owns 20,522 shares of the company's stock worth $2,553,000 after acquiring an additional 17,573 shares during the period. QRG Capital Management Inc. increased its stake in The Ensign Group by 2.4% in the 2nd quarter. QRG Capital Management Inc. now owns 5,192 shares of the company's stock valued at $642,000 after buying an additional 121 shares during the period. AlphaMark Advisors LLC acquired a new position in The Ensign Group in the 2nd quarter valued at approximately $318,000. DeDora Capital Inc. lifted its position in The Ensign Group by 3.2% in the 2nd quarter. DeDora Capital Inc. now owns 6,895 shares of the company's stock worth $853,000 after buying an additional 216 shares in the last quarter. Finally, Ellsworth Advisors LLC boosted its stake in shares of The Ensign Group by 6.8% during the 2nd quarter. Ellsworth Advisors LLC now owns 4,538 shares of the company's stock valued at $561,000 after buying an additional 287 shares during the period. Institutional investors and hedge funds own 96.12% of the company's stock.

Analysts Set New Price Targets

ENSG has been the subject of several recent research reports. Royal Bank of Canada increased their price objective on The Ensign Group from $167.00 to $172.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. UBS Group started coverage on The Ensign Group in a research note on Thursday, November 21st. They set a "buy" rating and a $175.00 price target for the company. Oppenheimer boosted their price target on The Ensign Group from $165.00 to $168.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Truist Financial increased their price objective on The Ensign Group from $160.00 to $170.00 and gave the stock a "hold" rating in a report on Monday, October 28th. Finally, Stephens lifted their target price on shares of The Ensign Group from $163.00 to $167.00 and gave the company an "overweight" rating in a research note on Monday, October 28th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.33.

The Ensign Group Stock Performance

The Ensign Group stock traded up $1.17 during trading hours on Tuesday, reaching $143.31. 287,903 shares of the company were exchanged, compared to its average volume of 373,565. The Ensign Group, Inc. has a 12 month low of $106.36 and a 12 month high of $158.45. The firm has a market cap of $8.21 billion, a price-to-earnings ratio of 34.89, a PEG ratio of 1.91 and a beta of 0.92. 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 stock has a 50-day moving average of $147.67 and a 200 day moving average of $140.17.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last posted its earnings results 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 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 Ensign Group's revenue was up 15.0% compared to the same quarter last year. During the same period last year, the business posted $1.10 EPS. As a group, 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 announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, September 30th. This represents a $0.24 annualized dividend and a yield of 0.17%. The Ensign Group's payout ratio is 5.81%.

Insider Buying and Selling at The Ensign Group

In other The Ensign Group news, CEO Barry Port sold 2,000 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $155.00, for a total value of $310,000.00. Following the completion of the sale, the chief executive officer now directly owns 53,716 shares of the company's stock, valued at $8,325,980. This represents a 3.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.90% of the company's stock.

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.