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

Blueshift Asset Management LLC bought a new stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,262 shares of the company’s stock, valued at approximately $433,000.

Other large investors have also recently made changes to their positions in the company. Synovus Financial Corp increased its position in shares of The Ensign Group by 90.2% during 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 during the last quarter. Icon Wealth Advisors LLC grew its stake in shares of The Ensign Group by 210.9% during the 3rd quarter. Icon Wealth Advisors LLC now owns 9,648 shares of the company’s stock worth $1,388,000 after acquiring an additional 6,545 shares during the period. Sanctuary Advisors LLC grew its stake in shares of The Ensign Group by 67.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 13,924 shares of the company’s stock worth $2,038,000 after acquiring an additional 5,632 shares during the period. Crewe Advisors LLC grew its stake in shares of The Ensign Group by 0.9% during the 3rd quarter. Crewe Advisors LLC now owns 1,110,692 shares of the company’s stock worth $159,740,000 after acquiring an additional 10,221 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of The Ensign Group by 26.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 379,608 shares of the company’s stock worth $54,595,000 after acquiring an additional 78,570 shares during the period. 96.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ENSG shares. Macquarie increased their price target on The Ensign Group from $165.00 to $166.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. Truist Financial cut their price target on The Ensign Group from $170.00 to $155.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Stephens reiterated an “overweight” rating and set a $155.00 price target on shares of The Ensign Group in a research note on Thursday, February 6th. Finally, UBS Group began coverage on The Ensign Group in a research note on Thursday, November 21st. They issued a “buy” rating and a $175.00 target price for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $165.17.

The Ensign Group Stock Down 0.9 %

Shares of NASDAQ ENSG opened at $129.59 on Friday. The Ensign Group, Inc. has a 52 week low of $113.27 and a 52 week high of $158.45. The business has a 50-day simple moving average of $132.90 and a two-hundred day simple moving average of $141.03. 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 $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 Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.11). The Ensign Group had a net margin of 6.99% and a return on equity of 17.07%. Research analysts anticipate that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $138.48, for a total transaction of $96,936.00. Following the completion of the sale, the director now owns 30,752 shares in the company, valued at approximately $4,258,536.96. This trade represents a 2.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daren Shaw sold 2,000 shares of The Ensign Group stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $129.66, for a total value of $259,320.00. Following the sale, the director now owns 26,325 shares of the company’s stock, valued at approximately $3,413,299.50. This trade represents a 7.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,186 shares of company stock worth $6,345,115. 3.90% of the stock is currently owned by 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.