The Ensign Group (NASDAQ:ENSG) Reaches New 12-Month High – Here’s What Happened

The Ensign Group, Inc. (NASDAQ:ENSG) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $158.24 and last traded at $156.10, with a volume of 6794 shares. The stock had previously closed at $153.37.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Royal Bank of Canada lifted their target price on shares of The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Truist Financial lifted their price objective on The Ensign Group from $160.00 to $170.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Oppenheimer increased their target price on The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Stephens raised their target price on The Ensign Group from $163.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.20.

The Ensign Group Trading Down 2.1 %

The business has a 50-day moving average of $149.82 and a two-hundred day moving average of $135.49. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $8.60 billion, a price-to-earnings ratio of 37.14, a P/E/G ratio of 2.06 and a beta of 0.95.

The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Thursday, October 24th. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. The Ensign Group had a return on equity of 17.21% and a net margin of 5.84%. The Ensign Group’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 earnings per share. Research analysts predict that The Ensign Group, Inc. will post 4.99 EPS for the current fiscal year.

The Ensign Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.16%. The Ensign Group’s dividend payout ratio (DPR) is presently 5.81%.

Insider Activity at The Ensign Group

In related news, CEO Barry Port sold 3,500 shares of The Ensign Group stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $145.00, for a total transaction of $507,500.00. Following the completion of the transaction, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at $7,788,820. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Daren Shaw sold 2,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $141.71, for a total value of $283,420.00. Following the completion of the sale, the director now directly owns 29,125 shares in the company, valued at approximately $4,127,303.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Barry Port sold 3,500 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $145.00, for a total transaction of $507,500.00. Following the transaction, the chief executive officer now owns 53,716 shares in the company, valued at approximately $7,788,820. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,118 shares of company stock valued at $1,943,620 in the last 90 days. 3.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On The Ensign Group

Institutional investors have recently modified their holdings of the stock. CWM LLC boosted its stake in shares of The Ensign Group by 16.2% in the 3rd quarter. CWM LLC now owns 508 shares of the company’s stock valued at $73,000 after purchasing an additional 71 shares during the last quarter. Miller Howard Investments Inc. NY grew its holdings in The Ensign Group by 2.4% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 3,018 shares of the company’s stock worth $373,000 after acquiring an additional 72 shares during the period. Farther Finance Advisors LLC raised its position in shares of The Ensign Group by 0.9% during the 2nd 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. Blue Trust Inc. lifted its stake in shares of The Ensign Group by 21.2% in the 2nd quarter. Blue Trust Inc. now owns 429 shares of the company’s stock valued at $53,000 after purchasing an additional 75 shares during the period. Finally, Pitcairn Co. boosted its position in shares of The Ensign Group by 1.6% in the 1st quarter. Pitcairn Co. now owns 5,684 shares of the company’s stock worth $707,000 after purchasing an additional 87 shares during the last quarter. 96.12% of the stock is owned by institutional investors.

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.