Mutual of America Capital Management LLC Purchases 21,283 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Mutual of America Capital Management LLC increased its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 229.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,564 shares of the company’s stock after acquiring an additional 21,283 shares during the period. Mutual of America Capital Management LLC’s holdings in The Ensign Group were worth $4,396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ENSG. Harbor Capital Advisors Inc. grew its stake in The Ensign Group by 294.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,726 shares of the company’s stock valued at $1,203,000 after purchasing an additional 7,262 shares during the period. CANADA LIFE ASSURANCE Co grew its position in The Ensign Group by 14.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 52,221 shares of the company’s stock valued at $6,486,000 after buying an additional 6,583 shares during the period. Renaissance Technologies LLC purchased a new stake in The Ensign Group during the second quarter worth about $3,500,000. AXA S.A. raised its position in The Ensign Group by 9.4% in the second quarter. AXA S.A. now owns 54,627 shares of the company’s stock worth $6,757,000 after acquiring an additional 4,684 shares during the period. Finally, BDF Gestion purchased a new position in The Ensign Group in the second quarter valued at about $1,577,000. 96.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at The Ensign Group

In other news, CEO Barry Port sold 5,618 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.00, for a total transaction of $842,700.00. Following the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $8,057,400. This represents a 9.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.90% of the stock is currently owned by insiders.

The Ensign Group Trading Up 1.9 %

Shares of ENSG stock opened at $147.36 on Friday. The company has a market capitalization of $8.44 billion, a PE ratio of 35.69, a price-to-earnings-growth ratio of 1.92 and a beta of 0.95. 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 business’s fifty day moving average is $148.98 and its 200 day moving average is $137.57. The Ensign Group, Inc. has a 52-week low of $104.18 and a 52-week high of $158.45.

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 the consensus estimate of $1.38 by $0.01. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. The Ensign Group had a return on equity of 17.21% and a net margin of 5.84%. The Ensign Group’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 earnings per share. On average, equities research analysts anticipate that The Ensign Group, Inc. will post 5.02 EPS for the current fiscal year.

The Ensign Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a dividend of $0.06 per share. 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 dividend payout ratio (DPR) is currently 5.81%.

Analyst Ratings Changes

ENSG has been the subject of several research analyst reports. Stephens raised their price target 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. Royal Bank of Canada boosted their price target 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 upped their price target on shares of The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Truist Financial lifted their price objective on shares of The Ensign Group from $160.00 to $170.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, UBS Group began coverage on The Ensign Group in a research report on Thursday. They set a “buy” rating and a $175.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, The Ensign Group has a consensus rating of “Moderate Buy” and an average target price of $164.33.

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.