Tocqueville Asset Management L.P. Increases Stock Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Tocqueville Asset Management L.P. raised its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 0.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,099 shares of the company’s stock after purchasing an additional 79 shares during the quarter. Tocqueville Asset Management L.P. owned 0.09% of The Ensign Group worth $7,055,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Synovus Financial Corp boosted its holdings in The Ensign Group by 90.2% in the 3rd quarter. Synovus Financial Corp now owns 14,618 shares of the company’s stock valued at $2,102,000 after purchasing an additional 6,931 shares in the last quarter. Icon Wealth Advisors LLC boosted its holdings in The Ensign Group by 210.9% in the 3rd quarter. Icon Wealth Advisors LLC now owns 9,648 shares of the company’s stock valued at $1,388,000 after purchasing an additional 6,545 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in The Ensign Group by 67.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 13,924 shares of the company’s stock valued at $2,038,000 after purchasing an additional 5,632 shares in the last quarter. Crewe Advisors LLC boosted its holdings in The Ensign Group by 0.9% in the 3rd quarter. Crewe Advisors LLC now owns 1,110,692 shares of the company’s stock valued at $159,740,000 after purchasing an additional 10,221 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in The Ensign Group by 26.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 379,608 shares of the company’s stock valued at $54,595,000 after purchasing an additional 78,570 shares in the last quarter. Hedge funds and other institutional investors own 96.12% of the company’s stock.

The Ensign Group Trading Down 0.2 %

Shares of The Ensign Group stock opened at $129.59 on Wednesday. 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 $113.27 and a 1 year high of $158.45. The company has a market capitalization of $7.45 billion, a P/E ratio of 25.36, a P/E/G ratio of 1.52 and a beta of 0.98. The business has a 50 day moving average price of $133.02 and a 200 day moving average price of $141.19.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.11). The Ensign Group had a return on equity of 17.07% and a net margin of 6.99%. Sell-side analysts anticipate that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

Analysts Set New Price Targets

ENSG has been the topic of a number of analyst reports. UBS Group initiated coverage on The Ensign Group in a report on Thursday, November 21st. They issued a “buy” rating and a $175.00 price objective on the stock. Stephens reiterated an “overweight” rating and set a $155.00 price target on shares of The Ensign Group in a research report on Thursday, February 6th. Truist Financial reduced their price target on shares of The Ensign Group from $170.00 to $155.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Finally, Macquarie lifted their price target on shares of The Ensign Group from $165.00 to $166.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $165.17.

Insider Buying and Selling

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $138.48, for a total value of $96,936.00. Following the completion of the transaction, the director now directly owns 30,752 shares in the company, valued at approximately $4,258,536.96. The trade was a 2.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Christopher R. Christensen sold 39,086 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $148.52, for a total value of $5,805,052.72. Following the completion of the transaction, the chairman now owns 12,539 shares of the company’s stock, valued at $1,862,292.28. This trade represents a 75.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,186 shares of company stock worth $6,345,115 in the last ninety days. Insiders own 3.90% of the company’s stock.

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.