International Assets Investment Management LLC Buys New Shares in The Ensign Group, Inc. (NASDAQ:ENSG)

International Assets Investment Management LLC purchased a new position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,643 shares of the company’s stock, valued at approximately $1,531,000.

Other hedge funds also recently made changes to their positions in the company. First Trust Direct Indexing L.P. grew its position in The Ensign Group by 7.0% during the first quarter. First Trust Direct Indexing L.P. now owns 2,532 shares of the company’s stock valued at $315,000 after acquiring an additional 165 shares during the period. BNP Paribas Financial Markets increased its position in The Ensign Group by 26.8% during the 1st quarter. BNP Paribas Financial Markets now owns 69,812 shares of the company’s stock worth $8,686,000 after purchasing an additional 14,769 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in The Ensign Group by 17.6% in the first quarter. Janney Montgomery Scott LLC now owns 12,870 shares of the company’s stock valued at $1,601,000 after buying an additional 1,925 shares during the period. Capstone Investment Advisors LLC acquired a new position in The Ensign Group during the first quarter valued at approximately $275,000. Finally, Central Pacific Bank Trust Division purchased a new stake in The Ensign Group during the first quarter worth approximately $197,000. Institutional investors and hedge funds own 96.12% of the company’s stock.

Insider Activity

In related news, CEO Barry Port sold 3,000 shares of The Ensign Group stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $140.00, for a total value of $420,000.00. Following the completion of the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $7,520,240. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Barry Port sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $140.00, for a total transaction of $420,000.00. Following the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at $7,520,240. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daren Shaw sold 2,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $141.71, for a total transaction of $283,420.00. Following the sale, the director now owns 29,125 shares of the company’s stock, valued at approximately $4,127,303.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,118 shares of company stock worth $2,363,620. 3.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ENSG shares. Royal Bank of Canada raised their target price on shares of 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 objective on The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Truist Financial upped their target price on The Ensign Group from $160.00 to $170.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, Stephens boosted their price target on The Ensign Group from $163.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $162.20.

The Ensign Group Trading Down 0.4 %

NASDAQ:ENSG opened at $154.33 on Monday. The Ensign Group, Inc. has a one year low of $96.29 and a one year high of $158.22. The business’s 50-day simple moving average is $149.59 and its 200 day simple moving average is $134.86. 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 cap of $8.84 billion, a price-to-earnings ratio of 37.37, a price-to-earnings-growth ratio of 2.07 and a beta of 0.95.

The Ensign Group (NASDAQ:ENSG) last released its 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 company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. The Ensign Group had a return on equity of 17.21% and a net margin of 5.84%. The business’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 EPS. As a group, sell-side analysts predict that The Ensign Group, Inc. will post 4.99 earnings per share 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. Stockholders of record on Monday, September 30th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.16%. The ex-dividend date was Monday, September 30th. The Ensign Group’s payout ratio is currently 5.81%.

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.