The Ensign Group, Inc. (NASDAQ:ENSG) Stock Position Raised by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lifted its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 2.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 289,422 shares of the company’s stock after buying an additional 7,123 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in The Ensign Group were worth $41,625,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ENSG. PNC Financial Services Group Inc. increased its position in The Ensign Group by 16.7% during the third quarter. PNC Financial Services Group Inc. now owns 6,763 shares of the company’s stock worth $973,000 after buying an additional 969 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in The Ensign Group in the 3rd quarter valued at $4,517,000. Pathstone Holdings LLC boosted its holdings in The Ensign Group by 2.1% in the 3rd quarter. Pathstone Holdings LLC now owns 33,772 shares of the company’s stock valued at $4,858,000 after purchasing an additional 698 shares during the period. J. W. Coons Advisors LLC increased its holdings in shares of The Ensign Group by 4.9% during the 3rd quarter. J. W. Coons Advisors LLC now owns 3,868 shares of the company’s stock worth $556,000 after purchasing an additional 182 shares during the period. Finally, Mutual of America Capital Management LLC raised its holdings in The Ensign Group by 229.3% in the 3rd quarter. Mutual of America Capital Management LLC now owns 30,564 shares of the company’s stock valued at $4,396,000 after acquiring an additional 21,283 shares in the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.

Insider Buying and Selling

In other The Ensign Group news, CEO Barry Port sold 5,618 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.00, for a total transaction of $842,700.00. Following the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $8,057,400. This represents a 9.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 11,118 shares of company stock worth $1,660,200 in the last quarter. Insiders own 3.90% of the company’s stock.

Wall Street Analyst Weigh In

ENSG has been the topic of a number of research reports. Oppenheimer boosted their price objective on The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Truist Financial increased their price objective on shares of The Ensign Group from $160.00 to $170.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Stephens raised their price objective on shares of The Ensign Group from $163.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Finally, Royal Bank of Canada increased their price target on shares of The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $162.20.

The Ensign Group Price Performance

Shares of ENSG stock opened at $144.56 on Wednesday. The Ensign Group, Inc. has a 52 week low of $104.18 and a 52 week high of $158.45. The stock has a market capitalization of $8.28 billion, a PE ratio of 35.00, a PEG ratio of 1.91 and a beta of 0.95. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.56 and a current ratio of 1.56. The stock’s fifty day moving average is $149.10 and its 200-day moving average is $137.52.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.01. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. The Ensign Group had a net margin of 5.84% and a return on equity of 17.21%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 EPS. Equities research analysts expect that The Ensign Group, Inc. will post 5 EPS for the current fiscal year.

The Ensign Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 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 of this dividend was Monday, September 30th. The Ensign Group’s dividend payout ratio is currently 5.81%.

The Ensign Group 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.