King Luther Capital Management Corp Has $6.59 Million Position in The Ensign Group, Inc. (NASDAQ:ENSG)

King Luther Capital Management Corp increased its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,812 shares of the company’s stock after buying an additional 589 shares during the period. King Luther Capital Management Corp owned about 0.08% of The Ensign Group worth $6,589,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ENSG. Opal Wealth Advisors LLC bought a new position in shares of The Ensign Group during the second quarter valued at $31,000. EntryPoint Capital LLC bought a new position in The Ensign Group during the 1st quarter worth $34,000. Signaturefd LLC raised its position in The Ensign Group by 115.2% during the 3rd quarter. Signaturefd LLC now owns 284 shares of the company’s stock worth $41,000 after purchasing an additional 152 shares during the last quarter. USA Financial Formulas acquired a new position in The Ensign Group during the 3rd quarter worth about $54,000. Finally, UMB Bank n.a. grew its position in shares of The Ensign Group by 30.1% in the 3rd quarter. UMB Bank n.a. now owns 385 shares of the company’s stock valued at $55,000 after buying an additional 89 shares during the last quarter. 96.12% of the stock is owned by institutional investors.

The Ensign Group Stock Up 1.9 %

Shares of NASDAQ ENSG opened at $147.36 on Friday. 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 firm has a market cap of $8.44 billion, a PE ratio of 35.68, a P/E/G ratio of 1.92 and a beta of 0.95. The company’s fifty day simple moving average is $148.98 and its 200 day simple moving average is $137.57. The Ensign Group, Inc. has a 12-month low of $104.18 and a 12-month high of $158.45.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.39 earnings per share (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 company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. The business’s revenue was up 15.0% on a year-over-year basis. As a group, sell-side analysts forecast that The Ensign Group, Inc. will post 5.02 earnings per share for the current fiscal year.

The Ensign Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date was Monday, September 30th. The Ensign Group’s payout ratio is 5.81%.

Analyst Upgrades and Downgrades

ENSG has been the subject of a number of analyst reports. UBS Group started coverage on The Ensign Group in a research report on Thursday. They set a “buy” rating and a $175.00 price objective for the company. Oppenheimer boosted their price target 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. Royal Bank of Canada increased their price objective on shares of The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Truist Financial boosted their target price on shares of The Ensign Group from $160.00 to $170.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, Stephens increased their price target on The Ensign Group from $163.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $164.33.

Insider Buying and Selling

In related news, CEO Barry Port sold 5,618 shares of the company’s stock in a transaction dated 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 in the company, valued at $8,057,400. This represents a 9.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.90% of the stock is owned by company insiders.

About The Ensign Group

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.