The Ensign Group, Inc. (NASDAQ:ENSG) Shares Sold by Versor Investments LP

Versor Investments LP decreased its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 80.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,475 shares of the company’s stock after selling 6,101 shares during the quarter. Versor Investments LP’s holdings in The Ensign Group were worth $212,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in ENSG. Lisanti Capital Growth LLC purchased a new position in The Ensign Group during the 3rd quarter worth approximately $1,213,000. Los Angeles Capital Management LLC grew its position in shares of The Ensign Group by 17.5% during the third quarter. Los Angeles Capital Management LLC now owns 31,646 shares of the company’s stock worth $4,551,000 after acquiring an additional 4,707 shares during the last quarter. Equitable Trust Co. raised its position in The Ensign Group by 2.3% in the 3rd quarter. Equitable Trust Co. now owns 4,911 shares of the company’s stock valued at $706,000 after purchasing an additional 109 shares during the last quarter. Lifestyle Asset Management Inc. boosted its stake in The Ensign Group by 8.0% during the 3rd quarter. Lifestyle Asset Management Inc. now owns 2,498 shares of the company’s stock worth $359,000 after purchasing an additional 185 shares during the period. Finally, Consolidated Planning Corp purchased a new position in The Ensign Group during the 3rd quarter worth $603,000. Institutional investors and hedge funds own 96.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ENSG shares. Royal Bank of Canada increased their target price on shares of The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Oppenheimer increased their price objective 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. Stephens boosted their target price on The Ensign Group from $163.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Finally, Truist Financial increased 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $162.20.

The Ensign Group Stock Performance

NASDAQ ENSG opened at $143.49 on Friday. 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 business’s 50 day moving average is $149.39 and its two-hundred day moving average is $137.00. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 34.74, a PEG ratio of 1.98 and a beta of 0.95. The Ensign Group, Inc. has a 12-month low of $104.18 and a 12-month high of $158.45.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data 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 Ensign Group had a return on equity of 17.21% and a net margin of 5.84%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the company posted $1.10 earnings per share. The Ensign Group’s quarterly revenue was up 15.0% on a year-over-year basis. Research analysts expect that The Ensign Group, Inc. will post 5 EPS for the current year.

The Ensign Group Announces Dividend

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

Insiders Place Their Bets

In other The Ensign Group news, CEO Barry Port sold 3,500 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $145.00, for a total transaction of $507,500.00. Following the sale, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $7,788,820. The trade was a 6.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 11,118 shares of company stock worth $1,660,200. 3.90% of the stock is owned by company insiders.

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.