Icon Wealth Advisors LLC Raises Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Icon Wealth Advisors LLC grew its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 210.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,648 shares of the company’s stock after acquiring an additional 6,545 shares during the period. Icon Wealth Advisors LLC’s holdings in The Ensign Group were worth $1,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. CWM LLC raised its stake in 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 period. Miller Howard Investments Inc. NY increased its stake in shares of The Ensign Group by 2.4% in the second quarter. Miller Howard Investments Inc. NY now owns 3,018 shares of the company’s stock worth $373,000 after purchasing an additional 72 shares in the last quarter. 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 purchasing an additional 72 shares during the period. Blue Trust Inc. lifted its stake in shares of The Ensign Group by 21.2% during the 2nd quarter. Blue Trust Inc. now owns 429 shares of the company’s stock valued at $53,000 after buying an additional 75 shares in the last quarter. Finally, Harfst & Associates Inc. boosted its holdings in The Ensign Group by 0.7% in the 2nd quarter. Harfst & Associates Inc. now owns 12,221 shares of the company’s stock worth $1,512,000 after buying an additional 89 shares during the period. 96.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at The Ensign Group

In other The Ensign Group news, CEO Barry Port sold 5,618 shares of the business’s stock in a transaction on 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 owns 53,716 shares in the company, valued at $8,057,400. The trade was a 9.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.90% of the stock is owned by insiders.

The Ensign Group Stock Performance

NASDAQ ENSG opened at $146.36 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.56 and a quick ratio of 1.56. The Ensign Group, Inc. has a 1-year low of $104.18 and a 1-year high of $158.45. The business has a 50 day simple moving average of $148.89 and a two-hundred day simple moving average of $137.64. The stock has a market capitalization of $8.39 billion, a PE ratio of 35.44, a P/E/G ratio of 1.96 and a beta of 0.95.

The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Thursday, October 24th. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. The Ensign Group had a net margin of 5.84% and a return on equity of 17.21%. The Ensign Group’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the firm posted $1.10 earnings per share. On average, research analysts predict that The Ensign Group, Inc. will post 5.02 EPS for the current fiscal year.

The Ensign Group Dividend Announcement

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

Analysts Set New Price Targets

ENSG has been the topic of a number of recent analyst reports. Truist Financial raised their price target on The Ensign Group from $160.00 to $170.00 and gave the company a “hold” rating in a report on Monday, October 28th. Oppenheimer lifted 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. UBS Group began coverage on The Ensign Group in a research note on Thursday. They issued a “buy” rating and a $175.00 price target for the company. Stephens increased their price objective on shares of The Ensign Group from $163.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Finally, Royal Bank of Canada boosted 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.33.

About The Ensign Group

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.