Edgestream Partners L.P. Grows Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Edgestream Partners L.P. boosted its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 87.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,223 shares of the company’s stock after purchasing an additional 22,924 shares during the period. Edgestream Partners L.P. owned approximately 0.09% of The Ensign Group worth $6,088,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of The Ensign Group by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 6,661,581 shares of the company’s stock worth $828,834,000 after buying an additional 39,695 shares during the period. Capital Research Global Investors raised its holdings in shares of The Ensign Group by 9.2% in the 4th quarter. Capital Research Global Investors now owns 2,620,360 shares of the company’s stock worth $294,031,000 after purchasing an additional 221,838 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of The Ensign Group by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,322,526 shares of the company’s stock valued at $163,577,000 after purchasing an additional 35,862 shares in the last quarter. Crewe Advisors LLC grew its holdings in shares of The Ensign Group by 3.1% during the 4th quarter. Crewe Advisors LLC now owns 1,211,171 shares of the company’s stock worth $135,905,000 after purchasing an additional 36,587 shares during the period. Finally, Van Berkom & Associates Inc. increased its position in The Ensign Group by 2.1% during the 2nd quarter. Van Berkom & Associates Inc. now owns 877,211 shares of the company’s stock worth $108,502,000 after purchasing an additional 18,412 shares in the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.

The Ensign Group Trading Up 0.6 %

NASDAQ ENSG opened at $153.67 on Tuesday. The stock has a market cap of $8.75 billion, a P/E ratio of 40.44, a PEG ratio of 2.01 and a beta of 0.96. The company’s fifty day simple moving average is $142.31 and its 200-day simple moving average is $128.33. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.09. The Ensign Group, Inc. has a 52 week low of $90.00 and a 52 week high of $154.44.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.02. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 EPS. Equities research analysts predict that The Ensign Group, Inc. will post 4.99 EPS for the current fiscal year.

The Ensign Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend is Monday, September 30th. The Ensign Group’s dividend payout ratio is currently 6.32%.

Insider Buying and Selling at The Ensign Group

In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of The Ensign Group stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $141.71, for a total transaction of $283,420.00. Following the sale, the director now directly owns 29,125 shares in the company, valued at approximately $4,127,303.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $141.71, for a total transaction of $283,420.00. Following the completion of the transaction, the director now directly owns 29,125 shares of the company’s stock, valued at approximately $4,127,303.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Spencer Burton sold 7,519 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $135.04, for a total value of $1,015,365.76. Following the completion of the sale, the chief operating officer now directly owns 42,629 shares of the company’s stock, valued at $5,756,620.16. The disclosure for this sale can be found here. Insiders sold a total of 24,736 shares of company stock worth $3,491,039 in the last 90 days. 3.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ENSG has been the topic of a number of recent research reports. Truist Financial lifted their price target on shares of The Ensign Group from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Macquarie assumed coverage on shares of The Ensign Group in a report on Friday, June 28th. They set an “outperform” rating and a $134.00 target price on the stock. Finally, Oppenheimer upped their price target on shares of The Ensign Group from $155.00 to $165.00 and gave the stock an “outperform” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $139.50.

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.