The Ensign Group, Inc. (NASDAQ:ENSG) Shares Purchased by Oak Ridge Investments LLC

Oak Ridge Investments LLC boosted its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 17.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,250 shares of the company’s stock after buying an additional 4,783 shares during the period. Oak Ridge Investments LLC’s holdings in The Ensign Group were worth $4,638,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ENSG. Opal Wealth Advisors LLC acquired a new position in shares of The Ensign Group during the 2nd quarter valued at about $31,000. EntryPoint Capital LLC purchased a new stake in shares of The Ensign Group in the 1st quarter valued at approximately $34,000. Signaturefd LLC raised its position in shares of The Ensign Group by 115.2% during the 3rd quarter. Signaturefd LLC now owns 284 shares of the company’s stock valued at $41,000 after buying an additional 152 shares during the period. LRI Investments LLC purchased a new position in The Ensign Group in the first quarter worth approximately $45,000. Finally, Canada Pension Plan Investment Board acquired a new stake in The Ensign Group during the second quarter worth $49,000. 96.12% of the stock is currently owned by hedge funds and other institutional investors.

The Ensign Group Trading Down 0.7 %

NASDAQ ENSG opened at $154.99 on Friday. The firm has a market cap of $8.88 billion, a PE ratio of 37.53, a P/E/G ratio of 2.09 and a beta of 0.96. The Ensign Group, Inc. has a one year low of $94.74 and a one year high of $158.22. The firm’s fifty day moving average is $149.29 and its two-hundred day moving average is $134.35. 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 Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. Analysts expect that The Ensign Group, Inc. will post 4.99 earnings per share for the current year.

The Ensign Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.15%. The ex-dividend date was Monday, September 30th. The Ensign Group’s dividend payout ratio (DPR) is 5.81%.

Insiders Place Their Bets

In related news, CEO Barry Port sold 3,000 shares of The Ensign Group stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $140.00, for a total transaction of $420,000.00. Following the completion of the transaction, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at approximately $7,520,240. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Barry Port sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $140.00, for a total transaction of $420,000.00. Following the completion of the transaction, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at $7,520,240. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daren Shaw sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $141.71, for a total transaction of $283,420.00. Following the sale, the director now owns 29,125 shares in the company, valued at approximately $4,127,303.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,118 shares of company stock worth $2,363,620. 3.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Stephens increased their price target on The Ensign Group from $163.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday. Oppenheimer boosted their price objective on 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 lifted 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. Finally, Royal Bank of Canada increased their price objective on The Ensign Group from $167.00 to $172.00 and gave the company an “outperform” rating in a report on Monday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, The Ensign Group currently has a consensus rating of “Moderate Buy” and an average price target of $162.20.

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.