EverSource Wealth Advisors LLC Grows Position in The Ensign Group, Inc. (NASDAQ:ENSG)

EverSource Wealth Advisors LLC grew its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 57.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,188 shares of the company’s stock after acquiring an additional 794 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in The Ensign Group were worth $291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Synovus Financial Corp lifted its position in The Ensign Group by 90.2% during the third quarter. Synovus Financial Corp now owns 14,618 shares of the company’s stock valued at $2,102,000 after purchasing an additional 6,931 shares during the last quarter. Icon Wealth Advisors LLC boosted its stake in The Ensign Group by 210.9% during the third quarter. Icon Wealth Advisors LLC now owns 9,648 shares of the company’s stock worth $1,388,000 after buying an additional 6,545 shares during the period. Sanctuary Advisors LLC increased its position in The Ensign Group by 67.9% during the third quarter. Sanctuary Advisors LLC now owns 13,924 shares of the company’s stock valued at $2,038,000 after acquiring an additional 5,632 shares during the last quarter. Crewe Advisors LLC lifted its holdings in shares of The Ensign Group by 0.9% in the 3rd quarter. Crewe Advisors LLC now owns 1,110,692 shares of the company’s stock worth $159,740,000 after acquiring an additional 10,221 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in The Ensign Group by 26.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 379,608 shares of the company’s stock valued at $54,595,000 after purchasing an additional 78,570 shares during the last quarter. 96.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at The Ensign Group

In other news, Director Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $138.48, for a total value of $96,936.00. Following the transaction, the director now owns 30,752 shares of the company’s stock, valued at $4,258,536.96. The trade was a 2.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daren Shaw sold 2,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $129.66, for a total transaction of $259,320.00. Following the sale, the director now directly owns 26,325 shares of the company’s stock, valued at $3,413,299.50. The trade was a 7.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,186 shares of company stock valued at $6,345,115 over the last quarter. 3.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Truist Financial dropped their target price on The Ensign Group from $170.00 to $155.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Stephens restated an “overweight” rating and issued a $155.00 price target on shares of The Ensign Group in a report on Thursday, February 6th. Macquarie lifted their price objective on shares of The Ensign Group from $165.00 to $166.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. Finally, UBS Group began coverage on shares of The Ensign Group in a research note on Thursday, November 21st. They issued a “buy” rating and a $175.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, The Ensign Group currently has an average rating of “Moderate Buy” and a consensus price target of $165.17.

The Ensign Group Trading Down 0.1 %

NASDAQ:ENSG opened at $125.40 on Friday. The firm has a 50-day simple moving average of $133.05 and a 200-day simple moving average of $141.53. The Ensign Group, Inc. has a one year low of $113.27 and a one year high of $158.45. The firm has a market cap of $7.20 billion, a P/E ratio of 24.54, a P/E/G ratio of 1.52 and a beta of 0.98. 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 Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.11). The Ensign Group had a return on equity of 17.07% and a net margin of 6.99%. Equities analysts anticipate that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

About The Ensign Group

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.