The Ensign Group, Inc. (NASDAQ:ENSG) Shares Acquired by Evergreen Capital Management LLC

Evergreen Capital Management LLC lifted its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 7.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,285 shares of the company’s stock after purchasing an additional 235 shares during the period. Evergreen Capital Management LLC’s holdings in The Ensign Group were worth $407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Public Sector Pension Investment Board increased its stake in The Ensign Group by 7.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 124,223 shares of the company’s stock worth $15,365,000 after buying an additional 9,008 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of The Ensign Group by 70.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,288 shares of the company’s stock worth $159,000 after acquiring an additional 531 shares during the last quarter. Sei Investments Co. increased its position in shares of The Ensign Group by 15.7% during the second quarter. Sei Investments Co. now owns 306,103 shares of the company’s stock worth $37,862,000 after purchasing an additional 41,429 shares in the last quarter. King Luther Capital Management Corp raised its stake in The Ensign Group by 17.2% in the 2nd quarter. King Luther Capital Management Corp now owns 45,223 shares of the company’s stock valued at $5,594,000 after purchasing an additional 6,624 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in The Ensign Group in the 2nd quarter valued at $49,000. Institutional investors and hedge funds own 96.12% of the company’s stock.

Insider Activity

In related news, COO Spencer Burton sold 7,519 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $135.04, for a total value of $1,015,365.76. Following the sale, the chief operating officer now directly owns 42,629 shares in the company, valued at approximately $5,756,620.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO Spencer Burton sold 7,519 shares of The Ensign Group stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $135.04, for a total value of $1,015,365.76. Following the completion of the sale, the chief operating officer now owns 42,629 shares in the company, valued at approximately $5,756,620.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Barry Port sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $140.00, for a total value of $420,000.00. Following the transaction, the chief executive officer now owns 53,716 shares in the company, valued at $7,520,240. The disclosure for this sale can be found here. Insiders have sold a total of 24,736 shares of company stock valued at $3,491,039 in the last quarter. Insiders own 3.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ENSG. Oppenheimer upped their target price on shares of The Ensign Group from $155.00 to $165.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Macquarie initiated coverage on shares of The Ensign Group in a research note on Friday, June 28th. They set an “outperform” rating and a $134.00 price objective for the company. Finally, Truist Financial raised their target price on shares of The Ensign Group from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $139.50.

The Ensign Group Trading Down 2.1 %

Shares of ENSG opened at $147.43 on Friday. The Ensign Group, Inc. has a 12-month low of $90.00 and a 12-month high of $154.93. The firm has a market capitalization of $8.39 billion, a P/E ratio of 38.80, a P/E/G ratio of 2.03 and a beta of 0.96. The firm has a 50-day moving average price of $145.56 and a 200 day moving average price of $129.95. 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 (NASDAQ:ENSG) last posted its quarterly 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 business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.08 EPS. Sell-side analysts forecast that The Ensign Group, Inc. will post 4.99 EPS for the current year.

The Ensign Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a $0.06 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a yield of 0.16%. The Ensign Group’s dividend payout ratio is currently 6.32%.

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.