EverSource Wealth Advisors LLC Has $90,000 Stock Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

EverSource Wealth Advisors LLC grew its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 190.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 757 shares of the company’s stock after purchasing an additional 496 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in The Ensign Group were worth $90,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. EntryPoint Capital LLC bought a new position in The Ensign Group in the first quarter worth approximately $34,000. Scarborough Advisors LLC bought a new position in The Ensign Group in the fourth quarter worth approximately $35,000. LRI Investments LLC purchased a new stake in shares of The Ensign Group in the first quarter worth approximately $45,000. YHB Investment Advisors Inc. purchased a new stake in shares of The Ensign Group in the first quarter worth approximately $50,000. Finally, Natixis raised its stake in shares of The Ensign Group by 39.6% in the first quarter. Natixis now owns 398 shares of the company’s stock worth $50,000 after purchasing an additional 113 shares during the last quarter. 96.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ENSG shares. Macquarie started coverage on The Ensign Group in a research note on Friday, June 28th. They issued an “outperform” rating and a $134.00 price objective for the company. Stephens reissued an “overweight” rating and issued a $135.00 price objective on shares of The Ensign Group in a research note on Tuesday, April 23rd. Truist Financial increased their price objective on The Ensign Group from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Finally, Oppenheimer increased their price objective on The Ensign Group from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.50.

The Ensign Group Stock Performance

NASDAQ:ENSG traded up $4.74 during trading hours on Tuesday, reaching $141.94. The stock had a trading volume of 202,126 shares, compared to its average volume of 303,032. The Ensign Group, Inc. has a 12-month low of $90.00 and a 12-month high of $147.93. The stock has a 50 day simple moving average of $127.38 and a 200 day simple moving average of $122.61. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market cap of $8.08 billion, a P/E ratio of 37.23, a price-to-earnings-growth ratio of 1.88 and a beta of 0.99.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.02. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $1.08 earnings per share. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, research analysts forecast that The Ensign Group, Inc. will post 4.95 EPS for the current fiscal year.

The Ensign Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Sunday, June 30th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date was Friday, June 28th. The Ensign Group’s payout ratio is currently 6.32%.

Insider Transactions at The Ensign Group

In other 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 transaction, the chief operating officer now directly owns 42,629 shares of the company’s stock, valued at $5,805,643.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other The Ensign Group news, COO Spencer Burton sold 3,099 shares of The Ensign Group 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 owns 42,629 shares of the company’s stock, valued at $5,805,643.51. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daren Shaw sold 2,000 shares of The Ensign Group stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $118.26, for a total value of $236,520.00. Following the sale, 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. Insiders sold 12,618 shares of company stock valued at $1,673,939 over the last three months. Company 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.