The Ensign Group, Inc. (NASDAQ:ENSG) Shares Purchased by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. grew its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,598 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in The Ensign Group were worth $345,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Avior Wealth Management LLC grew its stake in The Ensign Group by 190.1% during the 4th quarter. Avior Wealth Management LLC now owns 206 shares of the company’s stock valued at $27,000 after acquiring an additional 135 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of The Ensign Group by 1.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 11,483 shares of the company’s stock worth $1,526,000 after purchasing an additional 142 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of The Ensign Group by 0.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 11,571 shares of the company’s stock valued at $1,538,000 after purchasing an additional 78 shares in the last quarter. Sheets Smith Wealth Management increased its holdings in shares of The Ensign Group by 3.3% in the fourth quarter. Sheets Smith Wealth Management now owns 5,524 shares of the company’s stock valued at $734,000 after purchasing an additional 178 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in The Ensign Group by 10.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 130,047 shares of the company’s stock worth $17,278,000 after buying an additional 11,830 shares in the last quarter. Hedge funds and other institutional investors own 96.12% of the company’s stock.

The Ensign Group Stock Performance

Shares of ENSG opened at $137.59 on Friday. The Ensign Group, Inc. has a 1 year low of $110.71 and a 1 year high of $158.45. The stock has a market capitalization of $7.88 billion, a PE ratio of 33.31, a PEG ratio of 1.66 and a beta of 0.93. 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 stock has a 50-day simple moving average of $139.02 and a 200-day simple moving average of $143.27.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.38 by $0.01. The company had revenue of $1.08 billion during 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 was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.10 EPS. On average, analysts predict that The Ensign Group, Inc. will post 5.03 earnings per share for the current fiscal year.

The Ensign Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from The Ensign Group’s previous quarterly dividend of $0.06. The Ensign Group’s dividend payout ratio is 6.05%.

Analyst Ratings Changes

Several analysts have issued reports on ENSG shares. Royal Bank of Canada upped their target price on The Ensign Group from $167.00 to $172.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Oppenheimer raised their price objective on shares of The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. UBS Group began coverage on The Ensign Group in a research report on Thursday, November 21st. They issued a “buy” rating and a $175.00 price objective for the company. Stephens upped their price objective on shares of The Ensign Group from $163.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Finally, Truist Financial cut their price target on shares of The Ensign Group from $170.00 to $155.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.83.

Insider Buying and Selling at The Ensign Group

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $133.43, for a total value of $93,401.00. Following the transaction, the director now directly owns 30,852 shares in the company, valued at $4,116,582.36. This represents a 2.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.90% of the stock is owned by insiders.

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.