CWM Advisors LLC increased its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 28.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,686 shares of the company’s stock after acquiring an additional 3,706 shares during the period. CWM Advisors LLC’s holdings in The Ensign Group were worth $1,446,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new stake in shares of The Ensign Group during the first quarter worth $27,000. Tompkins Financial Corp acquired a new stake in The Ensign Group during the first quarter worth about $30,000. Logan Capital Management Inc. acquired a new stake in The Ensign Group during the first quarter worth about $42,000. Eaton Vance Management acquired a new stake in The Ensign Group during the first quarter worth about $46,000. Finally, FMR LLC grew its position in The Ensign Group by 119.0% during the first quarter. FMR LLC now owns 1,682 shares of the company’s stock worth $86,000 after buying an additional 914 shares in the last quarter. Institutional investors and hedge funds own 87.16% of the company’s stock.
Several brokerages have recently issued reports on ENSG. Truist decreased their price target on shares of The Ensign Group from $98.00 to $90.00 and set a “hold” rating for the company in a report on Monday, August 23rd. Truist Securities cut their price objective on shares of The Ensign Group from $98.00 to $90.00 and set a “hold” rating on the stock in a research report on Monday, August 23rd. Finally, Stifel Nicolaus initiated coverage on shares of The Ensign Group in a research report on Tuesday, June 22nd. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $91.40.
Shares of NASDAQ:ENSG traded down $0.42 on Friday, reaching $78.49. 167 shares of the company’s stock were exchanged, compared to its average volume of 247,374. The company has a fifty day moving average of $83.40 and a 200-day moving average of $85.76. The Ensign Group, Inc. has a twelve month low of $53.46 and a twelve month high of $98.66. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 1.58 and a beta of 0.98. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.12.
The Ensign Group (NASDAQ:ENSG) last announced its earnings results on Wednesday, July 28th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.01. The Ensign Group had a net margin of 7.54% and a return on equity of 20.82%. The firm had revenue of $638.54 million for the quarter, compared to analyst estimates of $649.03 million. As a group, equities research analysts forecast that The Ensign Group, Inc. will post 3.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Saturday, July 31st. Stockholders of record on Wednesday, June 30th were issued a dividend of $0.0525 per share. This represents a $0.21 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Tuesday, June 29th. The Ensign Group’s dividend payout ratio (DPR) is presently 7.14%.
The Ensign Group Profile
The Ensign Group, Inc engages in the provision of healthcare services, as well as urgent care centers and mobile ancillary businesses. It operates through the following business segments: Transitional and Skilled Services, Senior Living Services, and Home Health and Hospice Services. The Transitional and Skilled Services segment involves in providing patients with medical, nursing, rehabilitative, pharmacy, and routine services, including daily dietary, social, and recreational services.
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