Quantbot Technologies LP Has $3.19 Million Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Quantbot Technologies LP boosted its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 140.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,148 shares of the company’s stock after buying an additional 12,947 shares during the quarter. Quantbot Technologies LP’s holdings in The Ensign Group were worth $3,185,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. FMR LLC boosted its stake in The Ensign Group by 42.3% in the third quarter. FMR LLC now owns 1,995,971 shares of the company’s stock valued at $287,061,000 after buying an additional 593,779 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of The Ensign Group by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,322,526 shares of the company’s stock valued at $163,577,000 after purchasing an additional 35,862 shares in the last quarter. Crewe Advisors LLC boosted its stake in shares of The Ensign Group by 0.9% during 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 in the last quarter. Baillie Gifford & Co. acquired a new stake in shares of The Ensign Group during the third quarter valued at about $151,827,000. Finally, Van Berkom & Associates Inc. boosted its stake in shares of The Ensign Group by 2.1% during the second quarter. Van Berkom & Associates Inc. now owns 877,211 shares of the company’s stock valued at $108,502,000 after purchasing an additional 18,412 shares in the last quarter. 96.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. UBS Group assumed coverage on The Ensign Group in a research note on Thursday, November 21st. They set a “buy” rating and a $175.00 price target on the stock. Truist Financial lifted their price target on The Ensign Group from $160.00 to $170.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Stephens lifted their price target 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. Royal Bank of Canada raised their price objective on The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, Oppenheimer raised their price objective on The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.33.

The Ensign Group Trading Down 0.2 %

Shares of ENSG stock opened at $145.98 on Thursday. The company has a market cap of $8.36 billion, a P/E ratio of 35.35, a PEG ratio of 1.93 and a beta of 0.95. The stock has a 50 day simple moving average of $148.48 and a two-hundred day simple moving average of $138.53. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.56 and a current ratio of 1.56. The Ensign Group, Inc. has a fifty-two week low of $104.18 and a fifty-two week high of $158.45.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.39 EPS for the quarter, beating the consensus estimate 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 return on equity of 17.21% and a net margin of 5.84%. The company’s quarterly 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. Research analysts forecast that The Ensign Group, Inc. will post 5.02 earnings per share for the current year.

The Ensign Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were issued a dividend of $0.06 per share. The ex-dividend date was Monday, September 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.16%. The Ensign Group’s dividend payout ratio is 5.81%.

Insider Activity

In related news, CEO Barry Port sold 2,000 shares of The Ensign Group stock in a transaction that occurred 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 transaction, the chief executive officer now owns 53,716 shares of the company’s stock, valued at $8,325,980. The trade was a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.90% of the company’s stock.

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.