Dynamic Technology Lab Private Ltd Raises Stock Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Dynamic Technology Lab Private Ltd raised its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 374.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,201 shares of the company’s stock after purchasing an additional 8,841 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in The Ensign Group were worth $1,611,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Westfield Capital Management Co. LP purchased a new stake in The Ensign Group in the third quarter valued at approximately $18,843,000. Crewe Advisors LLC lifted its stake in The Ensign Group by 0.9% during the 3rd quarter. Crewe Advisors LLC now owns 1,110,692 shares of the company’s stock valued at $159,740,000 after acquiring an additional 10,221 shares during the period. Cerity Partners LLC lifted its stake in The Ensign Group by 164.9% during the 3rd quarter. Cerity Partners LLC now owns 4,442 shares of the company’s stock valued at $639,000 after acquiring an additional 2,765 shares during the period. 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 acquiring an additional 6,545 shares during the last quarter. Finally, Citigroup Inc. increased its stake in shares of The Ensign Group by 25.4% in the third quarter. Citigroup Inc. now owns 59,877 shares of the company’s stock worth $8,612,000 after acquiring an additional 12,114 shares during the period. 96.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Barry Port sold 2,000 shares of The Ensign Group stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $155.00, for a total value of $310,000.00. Following the sale, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at $8,325,980. The trade was a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.90% of the company’s stock.

The Ensign Group Stock Performance

Shares of ENSG stock opened at $145.20 on Tuesday. The company has a market capitalization of $8.32 billion, a P/E ratio of 35.16, a P/E/G ratio of 1.94 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 business’s 50 day moving average is $148.76 and its two-hundred day moving average is $138.14. 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 (NASDAQ:ENSG) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.39 earnings per share (EPS) 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 net margin of 5.84% and a return on equity of 17.21%. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 EPS. Analysts expect that The Ensign Group, Inc. will post 5.02 EPS for the current fiscal year.

The Ensign Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.17%. The Ensign Group’s dividend payout ratio is currently 5.81%.

Wall Street Analyst Weigh In

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

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.