The Ensign Group, Inc. (NASDAQ:ENSG) Shares Bought by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC grew its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 4.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,868 shares of the company’s stock after purchasing an additional 182 shares during the period. J. W. Coons Advisors LLC’s holdings in The Ensign Group were worth $556,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new stake in The Ensign Group in the second quarter valued at $31,000. EntryPoint Capital LLC acquired a new stake in shares of The Ensign Group during the 1st quarter worth approximately $34,000. Signaturefd LLC increased its holdings in shares of The Ensign Group by 115.2% during the 3rd quarter. Signaturefd LLC now owns 284 shares of the company’s stock valued at $41,000 after purchasing an additional 152 shares in the last quarter. USA Financial Formulas acquired a new position in shares of The Ensign Group in the 3rd quarter valued at $54,000. Finally, UMB Bank n.a. boosted its holdings in The Ensign Group by 30.1% during the third quarter. UMB Bank n.a. now owns 385 shares of the company’s stock worth $55,000 after buying an additional 89 shares in the last quarter. 96.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Stephens lifted 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. Truist Financial upped their price target on The Ensign Group from $160.00 to $170.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Royal Bank of Canada raised their price objective on The Ensign Group from $167.00 to $172.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Finally, Oppenheimer upped their target price on The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $162.20.

The Ensign Group Trading Down 1.5 %

Shares of ENSG stock opened at $143.49 on Monday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.08. The Ensign Group, Inc. has a twelve month low of $104.18 and a twelve month high of $158.45. The company’s 50-day moving average price is $149.39 and its 200-day moving average price is $137.13. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 34.74, a PEG ratio of 1.91 and a beta of 0.95.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. The Ensign Group had a return on equity of 17.21% and a net margin of 5.84%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 EPS. As a group, equities analysts predict that The Ensign Group, Inc. will post 5 earnings per share for the current year.

The Ensign Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a dividend of $0.06 per share. The ex-dividend date 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%.

Insider Buying and Selling

In other news, CEO Barry Port sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $155.00, for a total transaction of $310,000.00. Following the sale, the chief executive officer now owns 53,716 shares of the company’s stock, valued at approximately $8,325,980. This trade represents a 3.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 11,118 shares of company stock valued at $1,660,200 in the last three months. 3.90% of the stock is owned by corporate insiders.

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.