Harvest Fund Management Co. Ltd Has $523,000 Stock Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Harvest Fund Management Co. Ltd increased its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 36.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,944 shares of the company’s stock after buying an additional 1,055 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in The Ensign Group were worth $523,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Synovus Financial Corp boosted its holdings in shares of The Ensign Group by 90.2% in the 3rd quarter. Synovus Financial Corp now owns 14,618 shares of the company’s stock valued at $2,102,000 after buying an additional 6,931 shares during the last quarter. Icon Wealth Advisors LLC boosted its holdings in shares of The Ensign Group by 210.9% in the 3rd quarter. Icon Wealth Advisors LLC now owns 9,648 shares of the company’s stock valued at $1,388,000 after buying an additional 6,545 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of The Ensign Group by 67.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 13,924 shares of the company’s stock valued at $2,038,000 after buying an additional 5,632 shares during the last quarter. Crewe Advisors LLC boosted 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 valued at $159,740,000 after buying an additional 10,221 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of The Ensign Group by 26.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 379,608 shares of the company’s stock valued at $54,595,000 after buying an additional 78,570 shares during the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.

Wall Street Analyst Weigh In

ENSG has been the subject of several recent analyst reports. UBS Group initiated coverage on The Ensign Group in a report on Thursday, November 21st. They issued a “buy” rating and a $175.00 price objective for the company. Macquarie raised their price target on The Ensign Group from $165.00 to $166.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. Stephens reaffirmed an “overweight” rating and set a $155.00 price target on shares of The Ensign Group in a report on Thursday, February 6th. Finally, Truist Financial cut their price target on The Ensign Group from $170.00 to $155.00 and set a “hold” rating for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, The Ensign Group currently has a consensus rating of “Moderate Buy” and an average price target of $165.17.

The Ensign Group Stock Down 0.9 %

ENSG stock opened at $129.59 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 1.52 and a beta of 0.98. The business’s fifty day moving average price is $132.90 and its two-hundred day moving average price is $141.03. The Ensign Group, Inc. has a fifty-two week low of $113.27 and a fifty-two week high of $158.45.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.11). The Ensign Group had a return on equity of 17.07% and a net margin of 6.99%. On average, equities analysts anticipate that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Barry M. Smith sold 700 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $133.43, for a total value of $93,401.00. Following the transaction, the director now owns 30,852 shares in the company, valued at approximately $4,116,582.36. This trade represents a 2.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daren Shaw sold 2,000 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $129.66, for a total value of $259,320.00. Following the completion of the transaction, the director now owns 26,325 shares in the company, 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. Over the last quarter, insiders have sold 43,186 shares of company stock worth $6,345,115. Company insiders own 3.90% of the company’s stock.

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.