Oak Ridge Investments LLC Acquires 4,783 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Oak Ridge Investments LLC increased its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 17.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,250 shares of the company’s stock after purchasing an additional 4,783 shares during the period. Oak Ridge Investments LLC owned 0.06% of The Ensign Group worth $4,638,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Opal Wealth Advisors LLC bought a new position in shares of The Ensign Group during the 2nd quarter worth approximately $31,000. EntryPoint Capital LLC acquired a new stake in The Ensign Group in the first quarter worth about $34,000. Signaturefd LLC boosted its holdings in The Ensign Group by 115.2% in the third quarter. Signaturefd LLC now owns 284 shares of the company’s stock worth $41,000 after acquiring an additional 152 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of The Ensign Group during the first quarter worth about $45,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of The Ensign Group during the second quarter valued at about $49,000. 96.12% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Barry Port sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $140.00, for a total transaction of $420,000.00. Following the transaction, the chief executive officer now owns 53,716 shares in the company, valued at $7,520,240. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Barry Port sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $140.00, for a total value of $420,000.00. Following the transaction, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at approximately $7,520,240. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daren Shaw sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $141.71, for a total value of $283,420.00. Following the sale, the director now owns 29,125 shares of the company’s stock, valued at approximately $4,127,303.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,118 shares of company stock worth $2,363,620. 3.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

The Ensign Group Stock Down 0.7 %

The Ensign Group stock opened at $154.99 on Friday. The business’s 50-day moving average price is $149.29 and its 200 day moving average price is $134.35. 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 firm has a market cap of $8.88 billion, a price-to-earnings ratio of 37.53, a price-to-earnings-growth ratio of 2.09 and a beta of 0.96. The Ensign Group, Inc. has a 52 week low of $94.74 and a 52 week high of $158.22.

The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Thursday, October 24th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.01. The Ensign Group had a net margin of 5.84% and a return on equity of 17.21%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the business posted $1.10 EPS. The business’s revenue was up 15.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Ensign Group, Inc. will post 4.99 earnings per share for the current year.

The Ensign Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.15%. The Ensign Group’s dividend payout ratio is presently 5.81%.

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.