The Ensign Group (NASDAQ:ENSG) PT Raised to $160.00

The Ensign Group (NASDAQ:ENSG) had its target price boosted by Truist Financial from $150.00 to $160.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The brokerage currently has a hold rating on the stock.

Other equities research analysts also recently issued reports about the company. Macquarie started coverage on The Ensign Group in a research report on Friday, June 28th. They issued an outperform rating and a $134.00 price target on the stock. Oppenheimer raised their price target on The Ensign Group from $130.00 to $135.00 and gave the company an outperform rating in a research report on Monday, May 6th. Finally, Stephens reaffirmed an overweight rating and issued a $135.00 price target on shares of The Ensign Group in a research report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, The Ensign Group currently has a consensus rating of Moderate Buy and a consensus target price of $134.50.

The Ensign Group Trading Up 0.0 %

The Ensign Group stock opened at $139.60 on Wednesday. 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 company has a market capitalization of $7.97 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 1.89 and a beta of 0.98. The Ensign Group has a one year low of $90.00 and a one year high of $147.93. The company’s fifty day moving average price is $126.99 and its two-hundred day moving average price is $122.36.

The Ensign Group (NASDAQ:ENSG) last posted 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 firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 earnings per share. On average, analysts forecast that The Ensign Group will post 4.95 earnings per share for the current fiscal year.

The Ensign Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Sunday, June 30th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend was Friday, June 28th. The Ensign Group’s dividend payout ratio (DPR) is presently 6.32%.

Insider Buying and Selling

In related news, COO Spencer Burton sold 7,519 shares of The Ensign Group stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $135.04, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, COO Spencer Burton sold 7,519 shares of The Ensign Group stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $135.04, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Daren Shaw sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $118.26, for a total transaction of $236,520.00. Following the transaction, the director now owns 30,250 shares of the company’s stock, valued at approximately $3,577,365. The disclosure for this sale can be found here. Insiders have sold a total of 12,968 shares of company stock valued at $1,714,703 over the last three months. 3.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harfst & Associates Inc. lifted its stake in The Ensign Group by 0.7% during the second quarter. Harfst & Associates Inc. now owns 12,221 shares of the company’s stock worth $1,512,000 after purchasing an additional 89 shares during the period. Natixis Advisors LLC lifted its stake in The Ensign Group by 4.8% during the second quarter. Natixis Advisors LLC now owns 15,897 shares of the company’s stock worth $1,966,000 after purchasing an additional 725 shares during the period. Aptus Capital Advisors LLC lifted its stake in The Ensign Group by 24.7% during the second quarter. Aptus Capital Advisors LLC now owns 77,764 shares of the company’s stock worth $9,619,000 after purchasing an additional 15,428 shares during the period. Farther Finance Advisors LLC raised its stake in shares of The Ensign Group by 0.9% in the second quarter. Farther Finance Advisors LLC now owns 7,908 shares of the company’s stock valued at $982,000 after acquiring an additional 72 shares during the last quarter. Finally, Sage Rhino Capital LLC bought a new position in shares of The Ensign Group in the second quarter valued at approximately $202,000. Institutional investors own 96.12% 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.