Investor s Fiduciary Advisor Network LLC Makes New $2.46 Million Investment in The Ensign Group, Inc. (NASDAQ:ENSG)

Investor s Fiduciary Advisor Network LLC purchased a new stake in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 18,548 shares of the company's stock, valued at approximately $2,464,000. The Ensign Group accounts for approximately 0.9% of Investor s Fiduciary Advisor Network LLC's holdings, making the stock its 26th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new position in shares of The Ensign Group during the 4th quarter worth $25,000. Avior Wealth Management LLC lifted its stake in shares of The Ensign Group by 190.1% in the 4th quarter. Avior Wealth Management LLC now owns 206 shares of the company's stock valued at $27,000 after acquiring an additional 135 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of The Ensign Group by 150.6% during the 4th quarter. Venturi Wealth Management LLC now owns 208 shares of the company's stock valued at $28,000 after acquiring an additional 125 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its holdings in The Ensign Group by 38.8% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 354 shares of the company's stock worth $47,000 after purchasing an additional 99 shares in the last quarter. Finally, Asset Planning Inc bought a new position in The Ensign Group in the fourth quarter valued at about $80,000. Institutional investors own 96.12% of the company's stock.

The Ensign Group Stock Performance

Shares of The Ensign Group stock opened at $136.68 on Friday. The business has a 50-day moving average price of $128.85 and a two-hundred day moving average price of $135.74. The Ensign Group, Inc. has a 1-year low of $116.23 and a 1-year high of $158.45. 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 company has a market cap of $7.86 billion, a P/E ratio of 26.75, a PEG ratio of 1.52 and a beta of 1.03.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.50 by $0.02. The Ensign Group had a return on equity of 17.07% and a net margin of 6.99%. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter last year, the firm posted $1.30 earnings per share. The firm's revenue was up 16.1% on a year-over-year basis. As a group, analysts anticipate that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a dividend of $0.0625 per share. The ex-dividend date was Monday, March 31st. This represents a $0.25 annualized dividend and a dividend yield of 0.18%. The Ensign Group's dividend payout ratio is currently 4.73%.

Insider Transactions at The Ensign Group

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $129.15, for a total value of $90,405.00. Following the transaction, the director now owns 30,052 shares in the company, valued at approximately $3,881,215.80. This represents a 2.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daren Shaw sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $129.66, for a total value of $259,320.00. Following the completion of the sale, the director now directly owns 26,325 shares of the company's stock, valued at $3,413,299.50. This trade represents a 7.06 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.90% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ENSG. Macquarie lowered their price objective on The Ensign Group from $159.00 to $156.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Stephens reissued an "overweight" rating and issued a $155.00 price target on shares of The Ensign Group in a research note on Thursday, February 6th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $163.50.

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.

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