The Ensign Group, Inc. (NASDAQ:ENSG) Stock Holdings Raised by Fmr LLC

Fmr LLC lifted its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 42.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,995,971 shares of the company’s stock after purchasing an additional 593,779 shares during the period. Fmr LLC’s holdings in The Ensign Group were worth $287,061,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. CWM LLC lifted its holdings in The Ensign Group by 16.2% during the 3rd quarter. CWM LLC now owns 508 shares of the company’s stock worth $73,000 after buying an additional 71 shares during the last quarter. Miller Howard Investments Inc. NY lifted its stake in The Ensign Group by 2.4% during the second quarter. Miller Howard Investments Inc. NY now owns 3,018 shares of the company’s stock worth $373,000 after purchasing an additional 72 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in The Ensign Group by 0.9% in the second quarter. Farther Finance Advisors LLC now owns 7,908 shares of the company’s stock worth $982,000 after purchasing an additional 72 shares during the period. Blue Trust Inc. increased its stake in 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 purchasing an additional 75 shares during the last quarter. Finally, Harfst & Associates Inc. raised its holdings in shares of The Ensign Group by 0.7% during the second quarter. Harfst & Associates Inc. now owns 12,221 shares of the company’s stock worth $1,512,000 after purchasing an additional 89 shares during the period. 96.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. UBS Group started coverage on shares of The Ensign Group in a research report on Thursday, November 21st. They set a “buy” rating and a $175.00 price objective for the company. Truist Financial increased their price target 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. Oppenheimer boosted 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. Stephens raised their target price 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, Royal Bank of Canada upped their price target on shares of The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, The Ensign Group presently has an average rating of “Moderate Buy” and an average price target of $164.33.

Insider Activity

In other news, CEO Barry Port sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $155.00, for a total transaction of $310,000.00. Following the completion of the transaction, the chief executive officer now owns 53,716 shares in the company, valued at approximately $8,325,980. This trade represents a 3.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.90% of the stock is owned by insiders.

The Ensign Group Trading Up 0.2 %

NASDAQ:ENSG opened at $146.21 on Monday. The Ensign Group, Inc. has a 1 year low of $104.18 and a 1 year high of $158.45. The business has a fifty day moving average of $148.16 and a 200-day moving average of $138.98. 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 $8.38 billion, a price-to-earnings ratio of 35.40, a PEG ratio of 1.94 and a beta of 0.95.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 EPS. Equities analysts predict that The Ensign Group, Inc. will post 5.02 earnings per share for the current year.

The Ensign Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date was Monday, September 30th. The Ensign Group’s payout ratio is currently 5.81%.

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.