King Luther Capital Management Corp Has $5.59 Million Stock Position in The Ensign Group, Inc. (NASDAQ:ENSG)

King Luther Capital Management Corp raised its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 17.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,223 shares of the company’s stock after purchasing an additional 6,624 shares during the quarter. King Luther Capital Management Corp owned 0.08% of The Ensign Group worth $5,594,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of ENSG. Norges Bank bought a new position in The Ensign Group in the 4th quarter worth approximately $65,050,000. Vanguard Group Inc. increased its holdings in shares of The Ensign Group by 4.9% during the 4th quarter. Vanguard Group Inc. now owns 6,621,886 shares of the company’s stock worth $743,042,000 after acquiring an additional 310,182 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of The Ensign Group by 9.2% during the 4th quarter. Capital Research Global Investors now owns 2,620,360 shares of the company’s stock worth $294,031,000 after acquiring an additional 221,838 shares during the last quarter. F M Investments LLC acquired a new position in The Ensign Group in the 2nd quarter valued at $14,370,000. Finally, Axiom Investors LLC DE grew its holdings in The Ensign Group by 142.8% in the 4th quarter. Axiom Investors LLC DE now owns 187,345 shares of the company’s stock valued at $21,022,000 after buying an additional 110,177 shares in the last quarter. Institutional investors own 96.12% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CEO Barry Port sold 5,618 shares of The Ensign Group stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.00, for a total transaction of $842,700.00. Following the sale, the chief executive officer now directly owns 53,716 shares in the company, valued at $8,057,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other The Ensign Group news, CEO Barry Port sold 5,618 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.00, for a total value of $842,700.00. Following the completion of the sale, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at $8,057,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Spencer Burton sold 7,519 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was 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 directly owns 42,629 shares of the company’s stock, valued at $5,756,620.16. The disclosure for this sale can be found here. Insiders have sold 24,736 shares of company stock worth $3,491,039 over the last 90 days. 3.90% of the stock is currently owned by corporate insiders.

The Ensign Group Trading Down 0.9 %

Shares of ENSG stock opened at $150.86 on Friday. The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 39.70, a PEG ratio of 2.01 and a beta of 0.96. The stock has a 50-day moving average of $144.52 and a 200-day moving average of $129.24. 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, Inc. has a 1-year low of $90.00 and a 1-year high of $154.93.

The Ensign Group (NASDAQ:ENSG) last released its earnings results on Thursday, July 25th. The company reported $1.32 EPS for the quarter, topping 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 return on equity of 17.32% and a net margin of 5.68%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 earnings per share. On average, equities research analysts forecast that The Ensign Group, Inc. will post 4.99 earnings per share for the current year.

The Ensign Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be issued a $0.06 dividend. The ex-dividend date 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 is presently 6.32%.

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.