Public Sector Pension Investment Board Grows Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Public Sector Pension Investment Board increased its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 7.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 124,223 shares of the company’s stock after acquiring an additional 9,008 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.22% of The Ensign Group worth $15,365,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of The Ensign Group by 0.6% during the first quarter. Vanguard Group Inc. now owns 6,661,581 shares of the company’s stock valued at $828,834,000 after buying an additional 39,695 shares during the last quarter. Capital Research Global Investors lifted its position in shares of The Ensign Group by 9.2% during the fourth quarter. Capital Research Global Investors now owns 2,620,360 shares of the company’s stock valued at $294,031,000 after buying an additional 221,838 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of The Ensign Group by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,322,526 shares of the company’s stock valued at $163,577,000 after acquiring an additional 35,862 shares in the last quarter. Van Berkom & Associates Inc. increased its holdings in shares of The Ensign Group by 2.1% during the second quarter. Van Berkom & Associates Inc. now owns 877,211 shares of the company’s stock valued at $108,502,000 after acquiring an additional 18,412 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of The Ensign Group during the fourth quarter valued at about $65,050,000. 96.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ENSG shares. Oppenheimer upped 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, September 16th. Macquarie started coverage on shares of The Ensign Group in a report on Friday, June 28th. They set an “outperform” rating and a $134.00 price objective on the stock. Finally, Truist Financial upped their price objective on shares of The Ensign Group from $150.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, The Ensign Group presently has an average rating of “Moderate Buy” and an average price target of $139.50.

The Ensign Group Trading Up 0.6 %

Shares of NASDAQ:ENSG opened at $151.73 on Tuesday. The business’s 50 day moving average price is $144.85 and its 200-day moving average price 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 capitalization of $8.64 billion, a price-to-earnings ratio of 39.93, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96. 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 announced its quarterly earnings data on Thursday, July 25th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates 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 for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 EPS. On average, equities research analysts forecast that The Ensign Group, Inc. will post 4.99 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date is Monday, September 30th. The Ensign Group’s dividend payout ratio (DPR) is presently 6.32%.

Insiders Place Their Bets

In other The Ensign Group news, COO Spencer Burton sold 3,099 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $136.19, for a total value of $422,052.81. Following the completion of the sale, the chief operating officer now directly owns 42,629 shares of the company’s stock, valued at approximately $5,805,643.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Spencer Burton sold 3,099 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $136.19, for a total transaction of $422,052.81. Following the completion of the sale, the chief operating officer now directly owns 42,629 shares of the company’s stock, valued at approximately $5,805,643.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daren Shaw sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $141.71, for a total value of $283,420.00. Following the sale, the director now directly owns 29,125 shares of the company’s stock, valued at $4,127,303.75. The disclosure for this sale can be found here. Insiders sold 24,736 shares of company stock valued at $3,491,039 in the last three months. 3.90% of the stock is currently owned by insiders.

The Ensign Group 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.