Crewe Advisors LLC Has $159.74 Million Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Crewe Advisors LLC increased its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 0.9% during the third quarter, HoldingsChannel reports. The firm owned 1,110,692 shares of the company’s stock after acquiring an additional 10,221 shares during the period. The Ensign Group comprises approximately 18.5% of Crewe Advisors LLC’s portfolio, making the stock its biggest holding. Crewe Advisors LLC’s holdings in The Ensign Group were worth $159,740,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ENSG. Baillie Gifford & Co. purchased a new stake in shares of The Ensign Group during the 3rd quarter valued at approximately $151,827,000. F M Investments LLC purchased a new stake in The Ensign Group during the 2nd quarter worth about $14,370,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in The Ensign Group in the 3rd quarter worth about $9,565,000. Bank of New York Mellon Corp grew its holdings in The Ensign Group by 11.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 571,532 shares of the company’s stock valued at $70,693,000 after buying an additional 59,933 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of The Ensign Group by 26.5% in the third quarter. Victory Capital Management Inc. now owns 245,325 shares of the company’s stock worth $35,283,000 after buying an additional 51,367 shares in the last quarter. 96.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on ENSG. Royal Bank of Canada increased their target price on shares of The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. UBS Group began coverage on The Ensign Group in a research report on Thursday. They set a “buy” rating and a $175.00 price target for the company. Truist Financial upped their price objective on shares of The Ensign Group from $160.00 to $170.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. 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 note on Friday, October 25th. Finally, Stephens upped their target price on shares of The Ensign Group from $163.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $164.33.

The Ensign Group Price Performance

ENSG stock opened at $146.36 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market cap of $8.39 billion, a P/E ratio of 35.44, a P/E/G ratio of 1.96 and a beta of 0.95. The firm’s fifty day moving average is $148.76 and its 200 day moving average is $137.85. The Ensign Group, Inc. has a 52 week low of $104.18 and a 52 week high of $158.45.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.38 by $0.01. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. The Ensign Group had a return on equity of 17.21% and a net margin of 5.84%. The company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 earnings per share. Research analysts predict that The Ensign Group, Inc. will post 5.02 earnings per share for the current year.

The Ensign Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were paid 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 of this dividend was Monday, September 30th. The Ensign Group’s dividend payout ratio (DPR) is presently 5.81%.

Insider Transactions at The Ensign Group

In other news, CEO Barry Port sold 5,618 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.00, for a total transaction of $842,700.00. Following the completion of the sale, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $8,057,400. This represents a 9.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.90% of the company’s stock.

The Ensign Group 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.