Lifestyle Asset Management Inc. Acquires 100 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Lifestyle Asset Management Inc. increased its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 4.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,598 shares of the company’s stock after buying an additional 100 shares during the period. Lifestyle Asset Management Inc.’s holdings in The Ensign Group were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Retirement Wealth Solutions LLC purchased a new stake in shares of The Ensign Group during the 4th quarter worth $25,000. Avior Wealth Management LLC lifted its position in shares of The Ensign Group by 190.1% during the fourth quarter. Avior Wealth Management LLC now owns 206 shares of the company’s stock valued at $27,000 after buying an additional 135 shares during the last quarter. Signaturefd LLC lifted its position in shares of The Ensign Group by 115.2% during the third quarter. Signaturefd LLC now owns 284 shares of the company’s stock valued at $41,000 after buying an additional 152 shares during the last quarter. USA Financial Formulas bought a new stake in shares of The Ensign Group in the 3rd quarter valued at 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 worth $55,000 after buying an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 96.12% of the company’s stock.

Insiders Place Their Bets

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $133.43, for a total value of $93,401.00. Following the sale, the director now directly owns 30,852 shares of the company’s stock, valued at approximately $4,116,582.36. This trade represents a 2.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on ENSG shares. UBS Group began coverage on shares of The Ensign Group in a report on Thursday, November 21st. They issued a “buy” rating and a $175.00 price target on the stock. Stephens upped their target price on The Ensign Group from $163.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Royal Bank of Canada boosted their price target on The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Truist Financial decreased their price objective 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, Oppenheimer boosted 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 investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $161.83.

The Ensign Group Stock Up 0.6 %

Shares of ENSG stock opened at $137.59 on Friday. The Ensign Group, Inc. has a twelve month low of $110.71 and a twelve month high of $158.45. The stock has a market cap of $7.88 billion, a P/E ratio of 33.31, a P/E/G ratio of 1.66 and a beta of 0.93. The stock has a 50 day moving average of $139.02 and a 200 day moving average of $143.27. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.08.

The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Thursday, October 24th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm earned $1.10 EPS. The business’s quarterly revenue was up 15.0% on a year-over-year basis. As a group, sell-side analysts expect that The Ensign Group, Inc. will post 5.03 EPS for the current year.

The Ensign Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.0625 dividend. This is a boost from The Ensign Group’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, December 31st. This represents a $0.25 dividend on an annualized basis and a yield of 0.18%. The Ensign Group’s payout ratio is presently 6.05%.

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.