The Ensign Group, Inc. (NASDAQ:ENSG) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 14.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,426 shares of the company’s stock after purchasing an additional 10,113 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.14% of The Ensign Group worth $9,824,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ENSG. Opal Wealth Advisors LLC acquired a new stake in The Ensign Group in the second quarter worth about $31,000. EntryPoint Capital LLC acquired a new stake in The Ensign Group in the 1st quarter worth approximately $34,000. Scarborough Advisors LLC purchased a new stake in The Ensign Group during the 4th quarter worth approximately $35,000. LRI Investments LLC acquired a new position in The Ensign Group during the 1st quarter valued at approximately $45,000. Finally, YHB Investment Advisors Inc. purchased a new position in shares of The Ensign Group in the first quarter worth $50,000. 96.12% of the stock is currently owned by hedge funds and other institutional investors.

The Ensign Group Stock Up 0.5 %

Shares of ENSG opened at $152.73 on Friday. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of 40.19, a PEG ratio of 2.01 and a beta of 0.96. The Ensign Group, Inc. has a 52 week low of $90.00 and a 52 week high of $153.64. The stock’s 50-day moving average price is $142.31 and its 200-day moving average price is $128.28. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.09.

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

The Ensign Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a dividend of $0.06 per share. 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 (DPR) is 6.32%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ENSG. Truist Financial boosted 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. Macquarie assumed coverage on The Ensign Group in a report on Friday, June 28th. They issued an “outperform” rating and a $134.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.50.

Insider Buying and Selling

In other The Ensign Group news, CEO Barry Port sold 3,000 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $140.00, for a total transaction of $420,000.00. Following the transaction, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at $7,520,240. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, COO Spencer Burton sold 7,519 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now directly owns 42,629 shares in the company, valued at $5,756,620.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Barry Port sold 3,000 shares of The Ensign Group stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $140.00, for a total transaction of $420,000.00. Following the sale, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $7,520,240. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,736 shares of company stock valued at $3,491,039. 3.90% of the stock is owned by corporate insiders.

About The Ensign Group

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.