The Ensign Group, Inc. (NASDAQ:ENSG) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 20.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,321 shares of the company’s stock after purchasing an additional 721 shares during the quarter. Quantinno Capital Management LP’s holdings in The Ensign Group were worth $621,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ENSG. Signaturefd LLC boosted its position in shares of The Ensign Group by 115.2% in the third quarter. Signaturefd LLC now owns 284 shares of the company’s stock worth $41,000 after buying an additional 152 shares during the period. USA Financial Formulas purchased a new position in The Ensign Group in the 3rd quarter worth approximately $54,000. UMB Bank n.a. grew its position in The Ensign Group by 30.1% in the third quarter. UMB Bank n.a. now owns 385 shares of the company’s stock valued at $55,000 after acquiring an additional 89 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of The Ensign Group during the second quarter valued at approximately $49,000. Finally, Blue Trust Inc. lifted its position in shares of The Ensign Group by 21.2% during the second quarter. Blue Trust Inc. now owns 429 shares of the company’s stock worth $53,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 96.12% of the company’s stock.

Insider Activity at The Ensign Group

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ENSG shares. Oppenheimer raised their price target on shares of The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Royal Bank of Canada boosted their price target on The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Stephens raised their price objective on The Ensign Group from $163.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Truist Financial upped their target price on The Ensign Group from $160.00 to $170.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, UBS Group initiated coverage on shares of The Ensign Group in a research report on Thursday, November 21st. They set a “buy” rating and a $175.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.33.

The Ensign Group Price Performance

Shares of ENSG opened at $142.42 on Friday. The Ensign Group, Inc. has a 52 week low of $109.95 and a 52 week high of $158.45. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.08. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 1.90 and a beta of 0.92. The stock has a 50 day moving average of $147.45 and a 200-day moving average of $140.66.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate 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 company posted $1.10 earnings per share. As a group, analysts forecast that The Ensign Group, Inc. will post 5.03 EPS for the current year.

The Ensign Group 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.