The Ensign Group, Inc. (NASDAQ:ENSG) Stock Position Raised by Sei Investments Co.

Sei Investments Co. increased its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 15.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 306,103 shares of the company’s stock after acquiring an additional 41,429 shares during the quarter. Sei Investments Co. owned approximately 0.54% of The Ensign Group worth $37,862,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC increased its stake in The Ensign Group by 1.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,945 shares of the company’s stock worth $1,228,000 after purchasing an additional 110 shares in the last quarter. Norges Bank acquired a new stake in shares of The Ensign Group during the fourth quarter valued at approximately $65,050,000. UBS Group AG lifted its position in shares of The Ensign Group by 102.9% in the 4th quarter. UBS Group AG now owns 64,828 shares of the company’s stock valued at $7,274,000 after acquiring an additional 32,884 shares in the last quarter. Wells Fargo & Company MN boosted its stake in The Ensign Group by 8.4% in the 4th quarter. Wells Fargo & Company MN now owns 60,393 shares of the company’s stock worth $6,777,000 after purchasing an additional 4,675 shares during the period. Finally, Corient Private Wealth LLC grew its position in The Ensign Group by 122.0% during the 4th quarter. Corient Private Wealth LLC now owns 26,043 shares of the company’s stock worth $2,922,000 after purchasing an additional 14,314 shares in the last quarter. 96.12% of the stock is owned by institutional investors and hedge funds.

The Ensign Group Stock Performance

Shares of ENSG stock opened at $151.73 on Tuesday. The Ensign Group, Inc. has a fifty-two week low of $90.00 and a fifty-two week high of $154.93. The stock’s 50-day moving average is $144.85 and its two-hundred day moving average is $129.48. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market cap of $8.64 billion, a P/E ratio of 39.93, a PEG ratio of 2.01 and a beta of 0.96.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings data 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 firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 earnings per share. Analysts predict that The Ensign Group, Inc. will post 4.99 earnings per share for the current fiscal 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 dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.16%. The ex-dividend date is Monday, September 30th. The Ensign Group’s payout ratio is 6.32%.

Analysts Set New Price Targets

ENSG has been the subject of a number of research analyst reports. Truist Financial increased their target price on The Ensign Group from $150.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Oppenheimer raised 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. Finally, Macquarie initiated 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, The Ensign Group has an average rating of “Moderate Buy” and a consensus target price of $139.50.

Insider Buying and Selling at The Ensign Group

In other news, CEO Barry Port sold 5,618 shares of the company’s 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 completion of the sale, the chief executive officer now owns 53,716 shares in the company, valued at approximately $8,057,400. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, COO Spencer Burton sold 7,519 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 42,629 shares of the company’s stock, valued at $5,756,620.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Barry Port sold 5,618 shares of The Ensign Group stock in a transaction dated 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 transaction, the chief executive officer now owns 53,716 shares in the company, valued at $8,057,400. The disclosure for this sale can be found here. Insiders have sold a total of 24,736 shares of company stock worth $3,491,039 over the last three months. Corporate insiders own 3.90% of the company’s stock.

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.