2,167 Shares in The Ensign Group, Inc. (NASDAQ:ENSG) Bought by MQS Management LLC

MQS Management LLC bought a new position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,167 shares of the company’s stock, valued at approximately $270,000.

A number of other institutional investors have also added to or reduced their stakes in ENSG. Raymond James Financial Services Advisors Inc. acquired a new position in The Ensign Group during the fourth quarter worth $211,000. Procyon Advisors LLC increased its holdings in shares of The Ensign Group by 38.0% in the fourth quarter. Procyon Advisors LLC now owns 3,194 shares of the company’s stock valued at $358,000 after purchasing an additional 880 shares during the last quarter. Hunter Perkins Capital Management LLC increased its holdings in shares of The Ensign Group by 3.4% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 40,210 shares of the company’s stock valued at $4,513,000 after purchasing an additional 1,310 shares during the last quarter. Values First Advisors Inc. increased its holdings in shares of The Ensign Group by 3.5% in the fourth quarter. Values First Advisors Inc. now owns 28,854 shares of the company’s stock valued at $3,238,000 after purchasing an additional 976 shares during the last quarter. Finally, DeDora Capital Inc. increased its holdings in shares of The Ensign Group by 12.0% in the fourth quarter. DeDora Capital Inc. now owns 5,435 shares of the company’s stock valued at $610,000 after purchasing an additional 583 shares during the last quarter. 96.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Stephens reiterated an “overweight” rating and issued a $135.00 price objective on shares of The Ensign Group in a report on Tuesday, April 23rd. Truist Financial boosted their target price on shares of The Ensign Group from $135.00 to $150.00 and gave the company a “hold” rating in a research report on Monday, July 15th. Macquarie assumed coverage on shares of The Ensign Group in a research report on Friday, June 28th. They issued an “outperform” rating and a $134.00 target price for the company. Finally, Oppenheimer boosted their target price on shares of The Ensign Group from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $132.83.

The Ensign Group Price Performance

ENSG traded up $5.29 on Friday, hitting $141.46. 60,562 shares of the stock were exchanged, compared to its average volume of 294,296. The Ensign Group, Inc. has a 12 month low of $89.79 and a 12 month high of $143.86. The business has a 50-day moving average of $124.29 and a two-hundred day moving average of $121.31. 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 $8.05 billion, a price-to-earnings ratio of 37.33, a PEG ratio of 1.84 and a beta of 0.99.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $1.19 earnings per share for the quarter, hitting the consensus estimate of $1.19. The Ensign Group had a net margin of 5.67% and a return on equity of 17.60%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Sell-side analysts forecast that The Ensign Group, Inc. will post 4.95 EPS for the current fiscal year.

The Ensign Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Sunday, June 30th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.17%. The ex-dividend date is Friday, June 28th. The Ensign Group’s payout ratio is 6.32%.

Insiders Place Their Bets

In other The Ensign Group news, Director Ann Scott Blouin sold 350 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $116.47, for a total transaction of $40,764.50. Following the completion of the transaction, the director now owns 20,002 shares of the company’s stock, valued at $2,329,632.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Ann Scott Blouin sold 350 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $116.47, for a total value of $40,764.50. Following the completion of the transaction, the director now owns 20,002 shares of the company’s stock, valued at $2,329,632.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daren Shaw sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $118.26, for a total value of $236,520.00. Following the completion of the transaction, the director now directly owns 30,250 shares of the company’s stock, valued at approximately $3,577,365. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,968 shares of company stock valued at $1,714,703. 3.90% of the stock is currently 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.