Charles Schwab Investment Management Inc. Raises Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Charles Schwab Investment Management Inc. boosted its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 3.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 800,606 shares of the company’s stock after purchasing an additional 23,381 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in The Ensign Group were worth $115,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Opal Wealth Advisors LLC bought a new stake in The Ensign Group in the 2nd quarter worth approximately $31,000. EntryPoint Capital LLC purchased a new stake in The Ensign Group during the 1st quarter valued at $34,000. Signaturefd LLC boosted its holdings in shares of The Ensign Group by 115.2% during the third quarter. Signaturefd LLC now owns 284 shares of the company’s stock worth $41,000 after purchasing an additional 152 shares during the period. USA Financial Formulas purchased a new stake in The Ensign Group in the 3rd quarter worth approximately $54,000. Finally, UMB Bank n.a. boosted its holdings in The Ensign Group by 30.1% in the third quarter. UMB Bank n.a. now owns 385 shares of the company’s stock valued at $55,000 after acquiring an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 96.12% of the company’s stock.

Insider Activity at The Ensign Group

In related news, CEO Barry Port sold 2,000 shares of the 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 completion of the sale, the chief executive officer now owns 53,716 shares in the company, valued at approximately $8,325,980. This trade represents a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.90% of the stock is owned by corporate insiders.

The Ensign Group Price Performance

NASDAQ ENSG opened at $145.20 on Tuesday. The business’s fifty day moving average is $148.76 and its 200 day moving average is $138.14. The Ensign Group, Inc. has a fifty-two week low of $104.18 and a fifty-two week high of $158.45. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market capitalization of $8.32 billion, a PE ratio of 35.16, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The firm had revenue of $1.08 billion for 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 business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 EPS. Sell-side analysts predict that The Ensign Group, Inc. will post 5.02 earnings per share for the current year.

The Ensign Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ENSG. UBS Group started coverage on The Ensign Group in a research report on Thursday, November 21st. They set a “buy” rating and a $175.00 price objective on the stock. Truist Financial increased their price objective on shares of The Ensign Group from $160.00 to $170.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Oppenheimer increased their target price on The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Royal Bank of Canada lifted their price target 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. Finally, Stephens lifted their price objective on The Ensign Group from $163.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $164.33.

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.