B. Metzler seel. Sohn & Co. Holding AG Buys New Stake in The Ensign Group, Inc. (NASDAQ:ENSG)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 31,409 shares of the company’s stock, valued at approximately $4,517,000. B. Metzler seel. Sohn & Co. Holding AG owned about 0.05% of The Ensign Group at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Opal Wealth Advisors LLC purchased a new stake in The Ensign Group during the second quarter worth approximately $31,000. EntryPoint Capital LLC purchased a new stake in shares of The Ensign Group during the 1st quarter worth approximately $34,000. Signaturefd LLC boosted its holdings in shares of The Ensign Group by 115.2% in the 3rd quarter. Signaturefd LLC now owns 284 shares of the company’s stock valued at $41,000 after buying an additional 152 shares in the last quarter. LRI Investments LLC acquired a new position in shares of The Ensign Group in the 1st quarter valued at $45,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of The Ensign Group in the 2nd quarter valued at $49,000. 96.12% of the stock is owned by hedge funds and other institutional investors.

The Ensign Group Stock Up 0.2 %

ENSG opened at $144.56 on Wednesday. The Ensign Group, Inc. has a 52 week low of $104.18 and a 52 week high of $158.45. The business has a 50 day moving average price of $149.10 and a two-hundred day moving average price of $137.52. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.08. The company has a market cap of $8.28 billion, a PE ratio of 35.00, a P/E/G ratio of 1.91 and a beta of 0.95.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.39 earnings per share for the quarter, topping 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 revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the company earned $1.10 earnings per share. As a group, research analysts anticipate that The Ensign Group, Inc. will post 5 EPS for the current year.

The Ensign Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders 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 dividend yield of 0.17%. The Ensign Group’s dividend payout ratio (DPR) is 5.81%.

Insider Buying and Selling

In other The Ensign Group news, CEO Barry Port sold 2,000 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was 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 of the company’s stock, valued at approximately $8,325,980. This trade represents a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 11,118 shares of company stock valued at $1,660,200 over the last ninety days. Corporate insiders own 3.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on ENSG. Truist Financial upped 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 note on Monday, October 28th. Stephens raised their price target on The Ensign Group from $163.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Royal Bank of Canada boosted their price objective on The Ensign Group from $167.00 to $172.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Finally, Oppenheimer raised their target price on shares of 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 analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $162.20.

The Ensign Group 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.