Fielder Capital Group LLC Makes New $201,000 Investment in The Ensign Group, Inc. $ENSG

Fielder Capital Group LLC acquired a new stake in The Ensign Group, Inc. (NASDAQ:ENSG) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 1,301 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northern Trust Corp grew its holdings in shares of The Ensign Group by 0.4% in the first quarter. Northern Trust Corp now owns 941,274 shares of the company’s stock valued at $121,801,000 after acquiring an additional 3,344 shares in the last quarter. Van Berkom & Associates Inc. increased its position in shares of The Ensign Group by 14.1% during the 1st quarter. Van Berkom & Associates Inc. now owns 800,108 shares of the company’s stock valued at $103,534,000 after purchasing an additional 99,147 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of The Ensign Group by 17.6% in the 1st quarter. Wellington Management Group LLP now owns 683,650 shares of the company’s stock worth $88,464,000 after buying an additional 102,089 shares during the last quarter. American Century Companies Inc. grew its position in The Ensign Group by 1,235.5% during the first quarter. American Century Companies Inc. now owns 468,575 shares of the company’s stock valued at $60,634,000 after buying an additional 433,489 shares during the period. Finally, Crow s Nest Holdings LP bought a new position in The Ensign Group during the first quarter valued at about $56,936,000. Hedge funds and other institutional investors own 96.12% of the company’s stock.

Insider Activity at The Ensign Group

In other news, Director Barry M. Smith sold 700 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $172.06, for a total value of $120,442.00. Following the transaction, the director owned 27,052 shares of the company’s stock, valued at approximately $4,654,567.12. This represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.90% of the stock is owned by company insiders.

The Ensign Group Stock Up 0.4%

Shares of NASDAQ ENSG opened at $186.05 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.07. The company has a market cap of $10.74 billion, a P/E ratio of 33.77, a P/E/G ratio of 2.13 and a beta of 0.93. The Ensign Group, Inc. has a 52 week low of $118.73 and a 52 week high of $188.25. The business has a 50-day simple moving average of $173.03 and a two-hundred day simple moving average of $154.40.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings results on Thursday, July 24th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.05. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. The Ensign Group had a net margin of 6.99% and a return on equity of 16.92%. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.32 earnings per share. Research analysts anticipate that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Tuesday, September 30th. The Ensign Group’s dividend payout ratio (DPR) is presently 4.54%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of The Ensign Group in a research note on Saturday. Stephens lifted their price target on shares of The Ensign Group from $165.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Truist Financial set a $190.00 price objective on The Ensign Group in a report on Tuesday, October 14th. Finally, UBS Group boosted their target price on The Ensign Group from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $178.60.

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.