1,392 Shares in The Ensign Group, Inc. (NASDAQ:ENSG) Bought by Tidal Investments LLC

Tidal Investments LLC bought a new stake in The Ensign Group, Inc. (NASDAQ:ENSG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,392 shares of the company’s stock, valued at approximately $200,000.

A number of other hedge funds have also recently made changes to their positions in the company. Baillie Gifford & Co. bought a new position in The Ensign Group in the 3rd quarter valued at approximately $151,827,000. FMR LLC raised its stake in shares of The Ensign Group by 42.3% during the third quarter. FMR LLC now owns 1,995,971 shares of the company’s stock valued at $287,061,000 after acquiring an additional 593,779 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of The Ensign Group by 54.6% in the third quarter. Wellington Management Group LLP now owns 649,764 shares of the company’s stock worth $93,449,000 after purchasing an additional 229,586 shares during the last quarter. World Investment Advisors LLC acquired a new stake in The Ensign Group in the third quarter valued at $21,744,000. Finally, Westfield Capital Management Co. LP bought a new position in The Ensign Group during the 3rd quarter worth $18,843,000. 96.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity at The Ensign Group

In related news, CEO Barry Port sold 2,000 shares of the business’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 sale, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $8,325,980. The trade was a 3.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.90% of the stock is owned by company insiders.

The Ensign Group Stock Performance

NASDAQ:ENSG opened at $134.72 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.08. The Ensign Group, Inc. has a twelve month low of $110.71 and a twelve month high of $158.45. The company has a fifty day moving average of $146.09 and a 200-day moving average of $141.66. The firm has a market capitalization of $7.72 billion, a P/E ratio of 32.62, a P/E/G ratio of 1.90 and a beta of 0.92.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company posted $1.10 EPS. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. As a group, sell-side analysts anticipate that The Ensign Group, Inc. will post 5.03 EPS for the current year.

The Ensign Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from The Ensign Group’s previous quarterly dividend of $0.06. The Ensign Group’s dividend payout ratio is 6.05%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group started coverage on The Ensign Group in a research report on Thursday, November 21st. They issued a “buy” rating and a $175.00 price target on the stock. Royal Bank of Canada increased 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 report on Monday, October 28th. Oppenheimer boosted their price target on shares of The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Truist Financial increased their price objective on shares of 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 lifted their target price on shares of The Ensign Group from $163.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, The Ensign Group has an average rating of “Moderate Buy” and a consensus target price of $164.33.

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.