Geode Capital Management LLC Raises Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Geode Capital Management LLC lifted its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 5.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,363,822 shares of the company’s stock after purchasing an additional 66,314 shares during the period. Geode Capital Management LLC owned 2.38% of The Ensign Group worth $196,181,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. CWM LLC grew its holdings in The Ensign Group by 16.2% during the third quarter. CWM LLC now owns 508 shares of the company’s stock valued at $73,000 after purchasing an additional 71 shares during the period. Farther Finance Advisors LLC lifted its position in shares of The Ensign Group by 0.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,908 shares of the company’s stock valued at $982,000 after buying an additional 72 shares in the last quarter. Miller Howard Investments Inc. NY grew its stake in shares of The Ensign Group by 2.4% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 3,018 shares of the company’s stock valued at $373,000 after acquiring an additional 72 shares during the period. Blue Trust Inc. increased its holdings in The Ensign Group by 21.2% in the 2nd quarter. Blue Trust Inc. now owns 429 shares of the company’s stock worth $53,000 after acquiring an additional 75 shares in the last quarter. Finally, Harfst & Associates Inc. raised its stake in The Ensign Group by 0.7% during the 2nd quarter. Harfst & Associates Inc. now owns 12,221 shares of the company’s stock worth $1,512,000 after acquiring an additional 89 shares during the period. 96.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on ENSG. Stephens upped their price target on shares of The Ensign Group from $163.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Oppenheimer upped their target price on shares of The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Truist Financial raised their price target on The Ensign Group from $160.00 to $170.00 and gave the company a “hold” rating in a report on Monday, October 28th. UBS Group began coverage on The Ensign Group in a research report on Thursday, November 21st. They set a “buy” rating and a $175.00 target price for the company. Finally, Royal Bank of Canada boosted their price target on The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $164.33.

The Ensign Group Price Performance

NASDAQ:ENSG opened at $142.42 on Monday. The business’s 50-day moving average is $147.45 and its 200 day moving average is $140.83. The Ensign Group, Inc. has a 12 month low of $109.95 and a 12 month high of $158.45. The company has a market capitalization of $8.16 billion, a P/E ratio of 34.48, a P/E/G ratio of 1.90 and a beta of 0.92. 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 issued its quarterly earnings data on Thursday, October 24th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.01. The business 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 company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 EPS. On average, equities research analysts forecast that The Ensign Group, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity at The Ensign Group

In other The Ensign Group news, CEO Barry Port sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $155.00, for a total transaction 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 through this link. 3.90% of the stock is owned by insiders.

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.