Victory Capital Management Inc. Boosts Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Victory Capital Management Inc. boosted its stake in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 26.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 245,325 shares of the company's stock after acquiring an additional 51,367 shares during the period. Victory Capital Management Inc. owned 0.43% of The Ensign Group worth $35,283,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ENSG. Opal Wealth Advisors LLC acquired a new position in shares of The Ensign Group in the second quarter valued at approximately $31,000. EntryPoint Capital LLC acquired a new position in The Ensign Group in the 1st quarter valued at $34,000. Signaturefd LLC raised its position in The Ensign Group by 115.2% during the 3rd quarter. Signaturefd LLC now owns 284 shares of the company's stock worth $41,000 after buying an additional 152 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of The Ensign Group in the 1st quarter worth $45,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of The Ensign Group in the second quarter valued at about $49,000. 96.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on ENSG. Truist Financial raised their price objective 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. Stephens increased their target price on The Ensign Group from $163.00 to $167.00 and gave the stock an "overweight" rating in a research note on Monday, October 28th. Royal Bank of Canada lifted 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. Finally, Oppenheimer increased their price objective on The Ensign Group from $165.00 to $168.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $162.20.

The Ensign Group Stock Down 1.5 %

ENSG opened at $143.49 on Friday. The Ensign Group, Inc. has a one year low of $104.18 and a one year high of $158.45. The company has a market cap of $8.22 billion, a price-to-earnings ratio of 34.74, a PEG ratio of 1.98 and a beta of 0.95. The business's fifty day moving average is $149.39 and its two-hundred day moving average is $137.00. 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 Ensign Group (NASDAQ:ENSG - Get Free Report) last issued 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 firm had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.07 billion. The Ensign Group had a net margin of 5.84% and a return on equity of 17.21%. The firm's revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.10 EPS. Analysts anticipate that The Ensign Group, Inc. will post 5 EPS for the current fiscal year.

The Ensign Group Announces Dividend

The business also recently announced 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 yield of 0.17%. The ex-dividend date of this dividend was Monday, September 30th. The Ensign Group's payout ratio is currently 5.81%.

Insider Buying and Selling at The Ensign Group

In other The Ensign Group news, CEO Barry Port sold 3,500 shares of the firm's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $145.00, for a total transaction of $507,500.00. Following the sale, the chief executive officer now directly owns 53,716 shares of the company's stock, valued at $7,788,820. This trade represents a 6.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 11,118 shares of company stock worth $1,660,200. 3.90% of the stock is owned by insiders.

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.