The Ensign Group, Inc. (NASDAQ:ENSG) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP raised its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 54.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 649,764 shares of the company’s stock after buying an additional 229,586 shares during the quarter. Wellington Management Group LLP owned about 1.13% of The Ensign Group worth $93,449,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ENSG. Icon Wealth Advisors LLC raised its position in shares of The Ensign Group by 210.9% in the 3rd quarter. Icon Wealth Advisors LLC now owns 9,648 shares of the company’s stock valued at $1,388,000 after purchasing an additional 6,545 shares during the last quarter. Crewe Advisors LLC raised its holdings in shares of The Ensign Group by 0.9% in the third quarter. Crewe Advisors LLC now owns 1,110,692 shares of the company’s stock worth $159,740,000 after buying an additional 10,221 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of The Ensign Group during the second quarter worth $3,500,000. AXA S.A. grew its holdings in shares of The Ensign Group by 9.4% during the second quarter. AXA S.A. now owns 54,627 shares of the company’s stock valued at $6,757,000 after buying an additional 4,684 shares during the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in shares of The Ensign Group by 2.5% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 289,422 shares of the company’s stock valued at $41,625,000 after acquiring an additional 7,123 shares during the period. Institutional investors and hedge funds own 96.12% of the company’s stock.

The Ensign Group Stock Down 1.4 %

Shares of ENSG opened at $142.14 on Tuesday. The Ensign Group, Inc. has a 52-week low of $106.36 and a 52-week high of $158.45. 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 stock has a fifty day simple moving average of $147.67 and a two-hundred day simple moving average of $140.17. The company has a market capitalization of $8.14 billion, a PE ratio of 34.42, a price-to-earnings-growth ratio of 1.91 and a beta of 0.92.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data 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 firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations 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 was up 15.0% compared to the same quarter last year. During the same period last year, the business earned $1.10 earnings per share. As a group, equities analysts forecast that The Ensign Group, Inc. will post 5.02 EPS for the current year.

The Ensign Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.24 annualized dividend and a yield of 0.17%. The Ensign Group’s payout ratio is 5.81%.

Insiders Place Their Bets

In other The Ensign Group news, CEO Barry Port sold 2,000 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $155.00, for a total value of $310,000.00. Following the transaction, the chief executive officer now owns 53,716 shares of the company’s stock, valued at $8,325,980. This represents a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.90% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. 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. UBS Group assumed coverage on shares of The Ensign Group in a report on Thursday, November 21st. They issued a “buy” rating and a $175.00 price target on the stock. Truist Financial upped their price objective on shares of The Ensign Group from $160.00 to $170.00 and gave the company a “hold” rating in a report on Monday, October 28th. Stephens raised their target price 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, Oppenheimer increased their price target on The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to 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.