CIBC Asset Management Inc Takes Position in The Ensign Group, Inc. (NASDAQ:ENSG)

CIBC Asset Management Inc acquired a new stake in The Ensign Group, Inc. (NASDAQ:ENSG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,644 shares of the company’s stock, valued at approximately $236,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of The Ensign Group by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,322,526 shares of the company’s stock valued at $163,577,000 after acquiring an additional 35,862 shares during the period. Baillie Gifford & Co. acquired a new stake in The Ensign Group during the 3rd quarter worth $151,827,000. Van Berkom & Associates Inc. grew its position in The Ensign Group by 2.1% during the 2nd quarter. Van Berkom & Associates Inc. now owns 877,211 shares of the company’s stock worth $108,502,000 after purchasing an additional 18,412 shares during the last quarter. Bank of New York Mellon Corp increased its stake in The Ensign Group by 11.7% in the second quarter. Bank of New York Mellon Corp now owns 571,532 shares of the company’s stock valued at $70,693,000 after purchasing an additional 59,933 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of The Ensign Group by 15.7% in the second quarter. Sei Investments Co. now owns 306,103 shares of the company’s stock valued at $37,862,000 after buying an additional 41,429 shares during the last quarter. Hedge funds and other institutional investors own 96.12% of the company’s stock.

The Ensign Group Trading Down 0.7 %

Shares of ENSG stock opened at $146.36 on Friday. The business’s fifty day moving average price is $148.89 and its 200 day moving average price is $137.64. The firm has a market capitalization of $8.39 billion, a PE ratio of 35.36, a P/E/G ratio of 1.92 and a beta of 0.95. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.56 and a quick ratio of 1.56. The Ensign Group, Inc. has a 1-year low of $104.18 and a 1-year high of $158.45.

The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Thursday, October 24th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.38 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. The Ensign Group had a net margin of 5.84% and a return on equity of 17.21%. The business’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 EPS. As a group, sell-side analysts forecast that The Ensign Group, Inc. will post 5.02 EPS for the current fiscal year.

The Ensign Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.06 dividend. The ex-dividend date was Monday, September 30th. 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 presently 5.81%.

Insider Activity

In other news, CEO Barry Port sold 2,000 shares of The Ensign Group 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 owns 53,716 shares of the company’s stock, valued at $8,325,980. The trade was a 3.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 3.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. UBS Group assumed coverage on The Ensign Group in a report on Thursday. They set a “buy” rating and a $175.00 price target on the stock. Royal Bank of Canada boosted their target price on The Ensign Group from $167.00 to $172.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Oppenheimer upped their price target on The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Truist Financial lifted their price objective on shares of 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, Stephens upped their price objective 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 investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.