J. W. Coons Advisors LLC Purchases 2,255 Shares of The Ensign Group, Inc. $ENSG

J. W. Coons Advisors LLC increased its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 44.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,321 shares of the company’s stock after buying an additional 2,255 shares during the period. J. W. Coons Advisors LLC’s holdings in The Ensign Group were worth $1,129,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ENSG. Rise Advisors LLC lifted its stake in The Ensign Group by 114.0% in the 1st quarter. Rise Advisors LLC now owns 199 shares of the company’s stock worth $26,000 after purchasing an additional 106 shares in the last quarter. TCTC Holdings LLC lifted its stake in The Ensign Group by 116.7% in the 1st quarter. TCTC Holdings LLC now owns 208 shares of the company’s stock worth $27,000 after purchasing an additional 112 shares in the last quarter. WPG Advisers LLC purchased a new stake in The Ensign Group in the 1st quarter worth $27,000. Financial Management Professionals Inc. purchased a new stake in The Ensign Group in the 2nd quarter worth $28,000. Finally, Maseco LLP purchased a new stake in The Ensign Group in the 2nd quarter worth $36,000. Institutional investors own 96.12% of the company’s stock.

The Ensign Group Stock Up 2.1%

Shares of NASDAQ ENSG opened at $183.88 on Tuesday. The firm’s 50-day moving average price is $174.78 and its 200-day moving average price is $157.06. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $10.61 billion, a price-to-earnings ratio of 33.37, a P/E/G ratio of 2.10 and a beta of 0.93. The Ensign Group, Inc. has a 12-month low of $118.73 and a 12-month high of $188.25.

The Ensign Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Tuesday, September 30th. The Ensign Group’s dividend payout ratio is currently 4.54%.

Insiders Place Their Bets

In related news, Director Barry M. Smith sold 700 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $172.06, for a total value of $120,442.00. Following the sale, the director directly owned 27,052 shares of the company’s stock, valued at $4,654,567.12. This represents a 2.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Truist Financial set a $190.00 price target on shares of The Ensign Group in a research note on Tuesday, October 14th. UBS Group boosted their price target on shares of The Ensign Group from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Stephens boosted their price target on shares of The Ensign Group from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of The Ensign Group in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $180.25.

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.