Wolverine Trading LLC Purchases New Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Wolverine Trading LLC acquired a new position in The Ensign Group, Inc. (NASDAQ:ENSG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,585 shares of the company’s stock, valued at approximately $228,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC boosted its holdings in The Ensign Group by 115.2% during the third quarter. Signaturefd LLC now owns 284 shares of the company’s stock worth $41,000 after buying an additional 152 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of The Ensign Group during the 2nd quarter worth about $49,000. Blue Trust Inc. grew its position in shares of The Ensign Group by 21.2% during the 2nd quarter. Blue Trust Inc. now owns 429 shares of the company’s stock valued at $53,000 after acquiring an additional 75 shares during the period. USA Financial Formulas purchased a new position in shares of The Ensign Group in the 3rd quarter valued at about $54,000. Finally, UMB Bank n.a. raised its holdings in The Ensign Group by 30.1% in the 3rd quarter. UMB Bank n.a. now owns 385 shares of the company’s stock worth $55,000 after purchasing an additional 89 shares during the period. Institutional investors and hedge funds own 96.12% of the company’s stock.

Insiders Place Their Bets

In other The Ensign Group news, CEO Barry Port sold 2,000 shares of the stock in a transaction dated Friday, October 25th. The shares were 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 owns 53,716 shares of the company’s stock, valued at $8,325,980. This trade represents a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.90% of the company’s stock.

The Ensign Group Trading Up 0.8 %

Shares of ENSG opened at $142.42 on Monday. The Ensign Group, Inc. has a 52-week low of $109.95 and a 52-week high of $158.45. The stock has a market cap of $8.16 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 1.90 and a beta of 0.92. The firm’s fifty day moving average is $147.45 and its two-hundred day moving average is $140.83. 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 results on Thursday, October 24th. The company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The Ensign Group had a net margin of 5.84% and a return on equity of 17.21%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business posted $1.10 earnings per share. The Ensign Group’s quarterly revenue was up 15.0% on a year-over-year basis. Research analysts forecast that The Ensign Group, Inc. will post 5.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on ENSG shares. Royal Bank of Canada raised their price objective 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 research note on Thursday, November 21st. They issued a “buy” rating and a $175.00 price target on the stock. Truist Financial upped their price objective 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. Oppenheimer lifted their target price 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. Finally, Stephens upped their price target 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.