Connor Clark & Lunn Investment Management Ltd. Buys 6,839 Shares of The Ensign Group, Inc. $ENSG

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 339.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,856 shares of the company’s stock after purchasing an additional 6,839 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in The Ensign Group were worth $1,366,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ENSG. First Horizon Advisors Inc. boosted its position in The Ensign Group by 6.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,193 shares of the company’s stock valued at $184,000 after buying an additional 72 shares during the last quarter. State of Wyoming lifted its stake in shares of The Ensign Group by 4.5% during the first quarter. State of Wyoming now owns 1,967 shares of the company’s stock valued at $255,000 after acquiring an additional 85 shares during the period. Wealth Alliance LLC boosted its holdings in The Ensign Group by 4.6% in the first quarter. Wealth Alliance LLC now owns 1,971 shares of the company’s stock valued at $255,000 after acquiring an additional 86 shares during the last quarter. CWM LLC increased its position in The Ensign Group by 17.9% in the first quarter. CWM LLC now owns 585 shares of the company’s stock worth $76,000 after purchasing an additional 89 shares during the period. Finally, Ashton Thomas Private Wealth LLC raised its holdings in The Ensign Group by 5.4% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 1,865 shares of the company’s stock worth $241,000 after purchasing an additional 96 shares during the last quarter. Institutional investors own 96.12% of the company’s stock.

The Ensign Group Stock Performance

Shares of The Ensign Group stock opened at $177.56 on Tuesday. The stock’s fifty day simple moving average is $176.51 and its 200 day simple moving average is $160.96. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $10.29 billion, a PE ratio of 32.23, a PEG ratio of 2.10 and a beta of 0.94. The Ensign Group, Inc. has a 12 month low of $118.73 and a 12 month high of $193.99.

The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Monday, November 3rd. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.28 billion. The Ensign Group had a return on equity of 16.92% and a net margin of 6.99%.The company’s revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.39 earnings per share. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. On average, research analysts predict that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Tuesday, September 30th. The Ensign Group’s dividend payout ratio (DPR) is presently 4.47%.

Insider Activity

In other news, Director Barry M. Smith sold 700 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $180.64, for a total transaction of $126,448.00. Following the completion of the transaction, the director directly owned 25,052 shares of the company’s stock, valued at $4,525,393.28. This represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Barry Port sold 28,315 shares of The Ensign Group stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $180.71, for a total value of $5,116,803.65. Following the completion of the sale, the chief executive officer directly owned 56,481 shares in the company, valued at approximately $10,206,681.51. This represents a 33.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,034 shares of company stock worth $5,423,448 over the last three months. Corporate insiders own 3.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Stephens raised their target price on shares of The Ensign Group from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. UBS Group reaffirmed a “buy” rating and issued a $220.00 price objective (up from $205.00) on shares of The Ensign Group in a research note on Wednesday, November 5th. Truist Financial increased their price target on The Ensign Group from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Monday, November 10th. Royal Bank Of Canada restated an “outperform” rating and issued a $206.00 price target (up from $177.00) on shares of The Ensign Group in a research report on Friday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of The Ensign Group in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, The Ensign Group has a consensus rating of “Moderate Buy” and a consensus price target of $196.40.

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.