The Ensign Group, Inc. (NASDAQ:ENSG) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. increased its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 87.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,223 shares of the company’s stock after purchasing an additional 22,924 shares during the period. Edgestream Partners L.P.’s holdings in The Ensign Group were worth $6,088,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Evoke Wealth LLC bought a new stake in The Ensign Group in the fourth quarter valued at $4,993,000. Entropy Technologies LP bought a new position in The Ensign Group in the 1st quarter worth about $792,000. Harbor Capital Advisors Inc. increased its stake in shares of The Ensign Group by 294.7% in the second 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. Vanguard Group Inc. raised its holdings in shares of The Ensign Group by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 6,621,886 shares of the company’s stock valued at $743,042,000 after buying an additional 310,182 shares during the last quarter. Finally, UBS Group AG boosted its position in shares of The Ensign Group by 102.9% during the fourth quarter. UBS Group AG now owns 64,828 shares of the company’s stock worth $7,274,000 after buying an additional 32,884 shares during the period. Institutional investors and hedge funds own 96.12% of the company’s stock.

The Ensign Group Stock Performance

NASDAQ:ENSG opened at $153.67 on Tuesday. 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 company has a 50-day moving average of $142.31 and a 200-day moving average of $128.33. The Ensign Group, Inc. has a twelve month low of $90.00 and a twelve month high of $154.44. The firm has a market cap of $8.75 billion, a price-to-earnings ratio of 40.44, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.02. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the business posted $1.08 earnings per share. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. Analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors 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 dividend yield of 0.16%. The Ensign Group’s dividend payout ratio (DPR) is 6.32%.

Wall Street Analyst Weigh In

Several analysts have weighed in on ENSG shares. Macquarie assumed coverage on The Ensign Group in a research note on Friday, June 28th. They set an “outperform” rating and a $134.00 target price on the stock. Truist Financial upped their price target 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. Finally, Oppenheimer increased their price objective on shares of The Ensign Group from $155.00 to $165.00 and gave the company an “outperform” rating in a report on Monday. Two analysts have rated the stock with a hold rating and five have assigned 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 a consensus target price of $139.50.

Insider Buying and Selling

In other The Ensign Group news, COO Spencer Burton sold 7,519 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $135.04, for a total transaction of $1,015,365.76. Following the completion of the sale, the chief operating officer now directly owns 42,629 shares of the company’s stock, valued at $5,756,620.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other The Ensign Group news, COO Spencer Burton sold 7,519 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $135.04, for a total transaction of $1,015,365.76. Following the sale, the chief operating officer now directly owns 42,629 shares of the company’s stock, valued at approximately $5,756,620.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daren Shaw sold 2,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $141.71, for a total value of $283,420.00. Following the completion of the sale, the director now owns 29,125 shares of the company’s stock, valued at approximately $4,127,303.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,736 shares of company stock valued at $3,491,039. 3.90% of the stock is owned by corporate insiders.

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.