IHT Wealth Management LLC Makes New Investment in The Ensign Group, Inc. (NASDAQ:ENSG)

IHT Wealth Management LLC purchased a new position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,028 shares of the company’s stock, valued at approximately $293,000.

Other hedge funds also recently modified their holdings of the company. Signaturefd LLC boosted its stake in shares of The Ensign Group by 115.2% during the 3rd quarter. Signaturefd LLC now owns 284 shares of the company’s stock worth $41,000 after purchasing an additional 152 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of The Ensign Group in the second quarter worth approximately $49,000. Blue Trust Inc. boosted its position in shares of The Ensign Group by 21.2% in the second quarter. Blue Trust Inc. now owns 429 shares of the company’s stock worth $53,000 after acquiring an additional 75 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of The Ensign Group in the third quarter worth approximately $54,000. Finally, UMB Bank n.a. boosted its position in shares of The Ensign Group by 30.1% in the third quarter. UMB Bank n.a. now owns 385 shares of the company’s stock worth $55,000 after acquiring an additional 89 shares during the last quarter. 96.12% of the stock is owned by institutional investors and hedge funds.

The Ensign Group Trading Down 1.4 %

ENSG opened at $142.14 on Tuesday. The firm has a market capitalization of $8.14 billion, a P/E ratio of 34.42, a P/E/G ratio of 1.91 and a beta of 0.92. The firm’s 50 day moving average is $147.67 and its 200-day moving average is $140.17. The Ensign Group, Inc. has a 52-week low of $106.36 and a 52-week high of $158.45. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.08.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data 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 company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. The Ensign Group had a net margin of 5.84% and a return on equity of 17.21%. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 earnings per share. 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 declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a $0.06 dividend. 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 (DPR) is presently 5.81%.

Insider Buying and Selling

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

Analysts Set New Price Targets

ENSG has been the topic of several research analyst reports. UBS Group initiated coverage on shares of The Ensign Group in a research report on Thursday, November 21st. They issued a “buy” rating and a $175.00 target price on the stock. Truist Financial raised their target price on shares of The Ensign Group from $160.00 to $170.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Stephens raised their target price 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. Royal Bank of Canada lifted their price target on shares of The Ensign Group from $167.00 to $172.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Finally, Oppenheimer lifted their price target on shares of The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $164.33.

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.