Fifth Third Wealth Advisors LLC Acquires New Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Fifth Third Wealth Advisors LLC bought a new position in The Ensign Group, Inc. (NASDAQ:ENSG) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,894 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors also recently bought and sold shares of the business. Opal Wealth Advisors LLC acquired a new position in The Ensign Group during the second quarter worth approximately $31,000. EntryPoint Capital LLC purchased a new position in shares of The Ensign Group in the 1st quarter worth $34,000. Scarborough Advisors LLC acquired a new position in The Ensign Group in the fourth quarter valued at $35,000. LRI Investments LLC purchased a new stake in The Ensign Group during the first quarter valued at about $45,000. Finally, YHB Investment Advisors Inc. acquired a new stake in The Ensign Group during the first quarter worth about $50,000. 96.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ENSG has been the subject of a number of research reports. Oppenheimer boosted their target price on The Ensign Group from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Truist Financial increased their price objective on shares of The Ensign Group from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Macquarie started coverage on shares of The Ensign Group in a report on Friday, June 28th. They set an “outperform” rating and a $134.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.50.

Insider Buying and Selling

In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $141.71, for a total transaction of $283,420.00. Following the transaction, the director now owns 29,125 shares of the company’s stock, valued at approximately $4,127,303.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $141.71, for a total transaction of $283,420.00. Following the completion of the sale, the director now owns 29,125 shares in the company, valued at $4,127,303.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Barry Port sold 3,000 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $140.00, for a total transaction of $420,000.00. Following the sale, the chief executive officer now directly owns 53,716 shares in the company, valued at $7,520,240. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,618 shares of company stock worth $2,140,839. Corporate insiders own 3.90% of the company’s stock.

The Ensign Group Price Performance

Shares of NASDAQ ENSG opened at $146.37 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.09. The Ensign Group, Inc. has a fifty-two week low of $90.00 and a fifty-two week high of $147.93. The business has a 50 day moving average price of $133.51 and a two-hundred day moving average price of $124.98. The firm has a market cap of $8.33 billion, a PE ratio of 38.52, a price-to-earnings-growth ratio of 1.88 and a beta of 0.99.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.02. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. During the same quarter last year, the company earned $1.08 earnings per share. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. Sell-side analysts expect that The Ensign Group, Inc. will post 4.95 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Sunday, June 30th were paid a $0.06 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.16%. The Ensign Group’s dividend payout ratio (DPR) is 6.32%.

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.