J. W. Coons Advisors LLC Has $640,000 Position in The Ensign Group, Inc. (NASDAQ:ENSG)

J. W. Coons Advisors LLC increased its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 24.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,816 shares of the company’s stock after acquiring an additional 948 shares during the quarter. J. W. Coons Advisors LLC’s holdings in The Ensign Group were worth $640,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. CWM LLC increased its holdings in shares of The Ensign Group by 16.2% during the 3rd quarter. CWM LLC now owns 508 shares of the company’s stock worth $73,000 after acquiring an additional 71 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of The Ensign Group by 0.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 11,571 shares of the company’s stock worth $1,538,000 after acquiring an additional 78 shares during the last quarter. Central Pacific Bank Trust Division increased its holdings in shares of The Ensign Group by 7.3% during the 4th quarter. Central Pacific Bank Trust Division now owns 1,180 shares of the company’s stock worth $157,000 after acquiring an additional 80 shares during the last quarter. Equitable Trust Co. increased its holdings in shares of The Ensign Group by 1.8% during the 4th quarter. Equitable Trust Co. now owns 4,998 shares of the company’s stock worth $664,000 after acquiring an additional 87 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in The Ensign Group by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 1,731 shares of the company’s stock valued at $230,000 after purchasing an additional 87 shares during the period. 96.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Barry M. Smith sold 700 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $138.48, for a total transaction of $96,936.00. Following the completion of the sale, the director now directly owns 30,752 shares in the company, valued at $4,258,536.96. This represents a 2.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daren Shaw sold 2,000 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $129.66, for a total value of $259,320.00. Following the sale, the director now owns 26,325 shares of the company’s stock, valued at approximately $3,413,299.50. This represents a 7.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,486 shares of company stock worth $6,254,710 in the last ninety days. 3.90% of the stock is owned by insiders.

The Ensign Group Stock Performance

NASDAQ:ENSG opened at $126.34 on Monday. The stock has a fifty day moving average price of $134.65 and a 200-day moving average price of $142.97. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 1.52 and a beta of 0.94. 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 Ensign Group, Inc. has a fifty-two week low of $113.27 and a fifty-two week high of $158.45.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.11). The Ensign Group had a return on equity of 17.07% and a net margin of 6.99%. As a group, equities analysts anticipate that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

The Ensign Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.0625 per share. This is an increase from The Ensign Group’s previous quarterly dividend of $0.06. This represents a $0.25 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend was Tuesday, December 31st. The Ensign Group’s dividend payout ratio is currently 4.89%.

Analysts Set New Price Targets

Several analysts recently issued reports on ENSG shares. Truist Financial reduced their price target on The Ensign Group from $170.00 to $155.00 and set a “hold” rating for the company in a research note on Monday, January 6th. UBS Group started coverage on The Ensign Group in a research note on Thursday, November 21st. They issued a “buy” rating and a $175.00 price target for the company. Macquarie boosted their price target on The Ensign Group from $165.00 to $166.00 and gave the company an “outperform” rating in a research note on Tuesday, February 4th. Stephens restated an “overweight” rating and issued a $155.00 price target on shares of The Ensign Group in a research note on Thursday, February 6th. Finally, Royal Bank of Canada boosted their price target on The Ensign Group from $167.00 to $172.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, The Ensign Group presently has an average rating of “Moderate Buy” and a consensus price target of $165.17.

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.