The Ensign Group, Inc. (NASDAQ:ENSG) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,804 shares of the company’s stock after buying an additional 481 shares during the period. Exchange Traded Concepts LLC’s holdings in The Ensign Group were worth $1,568,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Synovus Financial Corp grew its position in shares of The Ensign Group by 90.2% during the third quarter. Synovus Financial Corp now owns 14,618 shares of the company’s stock worth $2,102,000 after acquiring an additional 6,931 shares during the last quarter. Icon Wealth Advisors LLC grew its position in The Ensign Group by 210.9% in the 3rd quarter. Icon Wealth Advisors LLC now owns 9,648 shares of the company’s stock worth $1,388,000 after purchasing an additional 6,545 shares during the last quarter. Sanctuary Advisors LLC grew its position in The Ensign Group by 67.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 13,924 shares of the company’s stock worth $2,038,000 after purchasing an additional 5,632 shares during the last quarter. Crewe Advisors LLC increased its stake in shares of The Ensign Group by 0.9% in the third quarter. Crewe Advisors LLC now owns 1,110,692 shares of the company’s stock valued at $159,740,000 after purchasing an additional 10,221 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of The Ensign Group during the second quarter valued at approximately $3,500,000. 96.12% of the stock is currently owned by institutional investors.

The Ensign Group Price Performance

NASDAQ:ENSG opened at $140.78 on Tuesday. The Ensign Group, Inc. has a 52-week low of $110.71 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 firm has a market cap of $8.07 billion, a P/E ratio of 34.09, a PEG ratio of 1.63 and a beta of 0.93. The business’s 50-day moving average price is $138.69 and its 200 day moving average price is $143.59.

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 is an increase from The Ensign Group’s previous quarterly dividend of $0.06. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend is Tuesday, December 31st. The Ensign Group’s payout ratio is presently 6.05%.

Wall Street Analyst Weigh In

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

Insider Activity at The Ensign Group

In other news, Director Barry M. Smith sold 700 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $133.43, for a total transaction of $93,401.00. Following the sale, the director now directly owns 30,852 shares of the company’s stock, valued at $4,116,582.36. The trade was a 2.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.90% of the company’s stock.

About The Ensign Group

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.