The Ensign Group, Inc. (NASDAQ:ENSG) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 9.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,096 shares of the company’s stock after purchasing an additional 1,167 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in The Ensign Group were worth $1,620,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Opal Wealth Advisors LLC purchased a new position in The Ensign Group in the 2nd quarter valued at about $31,000. EntryPoint Capital LLC purchased a new position in shares of The Ensign Group in the first quarter valued at approximately $34,000. Scarborough Advisors LLC acquired a new stake in shares of The Ensign Group in the fourth quarter worth approximately $35,000. LRI Investments LLC purchased a new stake in shares of The Ensign Group during the first quarter worth approximately $45,000. Finally, YHB Investment Advisors Inc. purchased a new stake in shares of The Ensign Group during the first quarter worth approximately $50,000. Institutional investors and hedge funds own 96.12% of the company’s stock.

The Ensign Group Trading Up 0.8 %

Shares of ENSG stock opened at $151.36 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.09. The Ensign Group, Inc. has a twelve month low of $90.00 and a twelve month high of $151.74. The company’s 50-day moving average price is $136.88 and its 200-day moving average price is $126.36. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 39.83, a PEG ratio of 2.02 and a beta of 0.99.

The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Thursday, July 25th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The Ensign Group’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.08 EPS. As a group, equities analysts predict that The Ensign Group, Inc. will post 4.99 earnings per share for the current year.

The Ensign Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Sunday, June 30th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.24 annualized dividend and a yield of 0.16%. The Ensign Group’s dividend payout ratio (DPR) is 6.32%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Oppenheimer raised their price objective on The Ensign Group from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Macquarie initiated coverage on shares of The Ensign Group in a research note on Friday, June 28th. They issued an “outperform” rating and a $134.00 price target on the stock. Finally, Truist Financial upped their price objective on shares of The Ensign Group from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.50.

Insider Buying and Selling at The Ensign Group

In other news, CEO Barry Port sold 3,500 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $145.00, for a total transaction of $507,500.00. Following the completion of the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $7,788,820. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Barry Port sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $145.00, for a total value of $507,500.00. Following the sale, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at approximately $7,788,820. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daren Shaw sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $141.71, for a total transaction of $283,420.00. Following the transaction, the director now directly owns 29,125 shares of the company’s stock, valued at approximately $4,127,303.75. The disclosure for this sale can be found here. Insiders have sold 19,118 shares of company stock worth $2,648,339 over the last quarter. 3.90% of the stock is currently owned by company insiders.

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.