The Ensign Group, Inc. (NASDAQ:ENSG) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 6.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,248 shares of the company's stock after selling 8,579 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.24% of The Ensign Group worth $19,451,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ENSG. Opal Wealth Advisors LLC bought a new stake in shares of The Ensign Group during the second quarter worth $31,000. Signaturefd LLC lifted its position in shares of The Ensign Group by 115.2% during the third quarter. Signaturefd LLC now owns 284 shares of the company's stock worth $41,000 after purchasing an additional 152 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of The Ensign Group during the second quarter worth $49,000. Blue Trust Inc. increased its stake in shares of The Ensign Group by 21.2% during the second quarter. Blue Trust Inc. now owns 429 shares of the company's stock valued at $53,000 after buying an additional 75 shares during the period. Finally, USA Financial Formulas purchased a new position in shares of The Ensign Group during the third quarter valued at $54,000. 96.12% of the stock is currently owned by institutional investors.

The Ensign Group Stock Up 0.5 %

ENSG traded up $0.70 on Friday, hitting $144.23. The company had a trading volume of 268,422 shares, compared to its average volume of 374,539. The stock has a fifty day moving average price of $147.70 and a 200-day moving average price of $139.71. The Ensign Group, Inc. has a 12-month low of $104.18 and a 12-month 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 stock has a market capitalization of $8.26 billion, a price-to-earnings ratio of 34.92, a P/E/G ratio of 1.92 and a beta of 0.92.

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 the consensus estimate of $1.38 by $0.01. The Ensign Group had a return on equity of 17.21% and a net margin of 5.84%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The firm's quarterly revenue was up 15.0% compared to the same quarter last year. 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. Shareholders of record on Monday, September 30th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend was Monday, September 30th. The Ensign Group's dividend payout ratio is presently 5.81%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Truist Financial raised their price target on The Ensign Group from $160.00 to $170.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Royal Bank of Canada raised their price target on The Ensign Group from $167.00 to $172.00 and gave the company an "outperform" rating in a research note on Monday, October 28th. Oppenheimer raised 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. Stephens raised their price target on The Ensign Group from $163.00 to $167.00 and gave the company an "overweight" rating in a research note on Monday, October 28th. Finally, UBS Group assumed coverage on The Ensign Group in a research note on Thursday, November 21st. They set a "buy" rating and a $175.00 price target on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, The Ensign Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.33.

Insiders Place Their Bets

In other The Ensign Group news, CEO Barry Port sold 2,000 shares of the firm's stock in a transaction dated Friday, October 25th. The stock was 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 owns 53,716 shares of the company's stock, valued at approximately $8,325,980. This trade represents a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.