The Ensign Group (NASDAQ:ENSG) Price Target Raised to $165.00

The Ensign Group (NASDAQ:ENSG) had its price objective upped by Oppenheimer from $155.00 to $165.00 in a research note issued to investors on Monday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

Other analysts have also recently issued research reports about the stock. Truist Financial raised their price objective on shares of The Ensign Group from $150.00 to $160.00 and gave the company a hold rating in a research report on Wednesday, July 31st. Macquarie began coverage on shares of The Ensign Group in a research report on Friday, June 28th. They set an outperform rating and a $134.00 price objective on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $139.50.

The Ensign Group Stock Performance

NASDAQ ENSG opened at $153.67 on Monday. The Ensign Group has a 1 year low of $90.00 and a 1 year high of $154.44. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market capitalization of $8.75 billion, a PE ratio of 40.44, a P/E/G ratio of 2.01 and a beta of 0.96. The company’s 50 day simple moving average is $142.31 and its two-hundred day simple moving average is $128.33.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.02. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company posted $1.08 EPS. Analysts predict that The Ensign Group will post 4.99 earnings per share for the current fiscal year.

The Ensign Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend is Monday, September 30th. The Ensign Group’s dividend payout ratio is currently 6.32%.

Insider Activity at The Ensign Group

In related news, CEO Barry Port sold 5,618 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.00, for a total transaction of $842,700.00. Following the transaction, the chief executive officer now owns 53,716 shares of the company’s stock, valued at approximately $8,057,400. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other The Ensign Group news, CEO Barry Port sold 5,618 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.00, for a total value of $842,700.00. Following the sale, the chief executive officer now owns 53,716 shares of the company’s stock, valued at approximately $8,057,400. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Spencer Burton sold 3,099 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $136.19, for a total transaction of $422,052.81. Following the completion of the sale, the chief operating officer now directly owns 42,629 shares in the company, valued at approximately $5,805,643.51. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,736 shares of company stock valued at $3,491,039. Insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Miller Howard Investments Inc. NY raised its holdings in The Ensign Group by 2.4% in the second quarter. Miller Howard Investments Inc. NY now owns 3,018 shares of the company’s stock worth $373,000 after buying an additional 72 shares during the last quarter. Farther Finance Advisors LLC grew its position in The Ensign Group by 0.9% during the second quarter. Farther Finance Advisors LLC now owns 7,908 shares of the company’s stock valued at $982,000 after buying an additional 72 shares during the period. Blue Trust Inc. grew its position in The Ensign Group by 21.2% during the second quarter. Blue Trust Inc. now owns 429 shares of the company’s stock valued at $53,000 after buying an additional 75 shares during the period. Pitcairn Co. grew its position in The Ensign Group by 1.6% during the first quarter. Pitcairn Co. now owns 5,684 shares of the company’s stock valued at $707,000 after buying an additional 87 shares during the period. Finally, Harfst & Associates Inc. grew its position in The Ensign Group by 0.7% during the second quarter. Harfst & Associates Inc. now owns 12,221 shares of the company’s stock valued at $1,512,000 after buying an additional 89 shares during the period. 96.12% of the stock is owned by hedge funds and other institutional investors.

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.