Charles Schwab Investment Management Inc. Has $115.14 Million Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Charles Schwab Investment Management Inc. grew its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 800,606 shares of the company’s stock after acquiring an additional 23,381 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.40% of The Ensign Group worth $115,143,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in shares of The Ensign Group during the second quarter worth about $31,000. EntryPoint Capital LLC acquired a new position in shares of The Ensign Group during the 1st quarter worth approximately $34,000. Signaturefd LLC raised its position in shares of The Ensign Group by 115.2% in the third quarter. Signaturefd LLC now owns 284 shares of the company’s stock valued at $41,000 after purchasing an additional 152 shares during the period. USA Financial Formulas bought a new position in The Ensign Group in the 3rd quarter valued at about $54,000. Finally, UMB Bank n.a. lifted its holdings in The Ensign Group by 30.1% during 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 last quarter. 96.12% of the stock is owned by institutional investors.

Insider Transactions at The Ensign Group

In other 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 value of $310,000.00. Following the completion of the sale, the chief executive officer now owns 53,716 shares in the company, valued at $8,325,980. This represents a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on ENSG. Oppenheimer boosted their price objective on shares of The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Royal Bank of Canada upped 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. Stephens raised their target price on shares of The Ensign Group from $163.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. 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. Finally, UBS Group assumed 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 objective on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, The Ensign Group presently has an average rating of “Moderate Buy” and a consensus price target of $164.33.

The Ensign Group Stock Down 0.8 %

Shares of NASDAQ:ENSG opened at $145.20 on Tuesday. The business’s 50-day moving average is $148.76 and its 200-day moving average is $138.14. The Ensign Group, Inc. has a 1 year low of $104.18 and a 1 year high of $158.45. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 35.16, a P/E/G ratio of 1.94 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 (NASDAQ:ENSG) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.39 EPS 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 business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the company posted $1.10 earnings per share. The business’s quarterly revenue was up 15.0% on a year-over-year basis. Equities research analysts predict that The Ensign Group, Inc. will post 5.02 earnings per share for the current year.

The Ensign Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a yield of 0.17%. The Ensign Group’s dividend payout ratio (DPR) is presently 5.81%.

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.