Shell Asset Management Co. boosted its holdings in The Ensign Group, Inc. (NASDAQ:ENSG – Get Rating) by 13.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,429 shares of the company’s stock after purchasing an additional 663 shares during the quarter. Shell Asset Management Co.’s holdings in The Ensign Group were worth $489,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new stake in The Ensign Group during the fourth quarter worth about $9,877,000. State of New Jersey Common Pension Fund D increased its stake in The Ensign Group by 5.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 34,959 shares of the company’s stock worth $2,935,000 after acquiring an additional 1,892 shares during the last quarter. Yousif Capital Management LLC acquired a new stake in The Ensign Group during the fourth quarter worth about $3,932,000. Xponance Inc. acquired a new stake in The Ensign Group during the fourth quarter worth about $211,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in The Ensign Group by 25.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,852 shares of the company’s stock worth $575,000 after acquiring an additional 1,395 shares during the last quarter. 88.03% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have commented on ENSG shares. Royal Bank of Canada restated a “maintains” rating on shares of The Ensign Group in a research note on Wednesday. Truist Financial upped their target price on The Ensign Group from $85.00 to $95.00 in a research report on Wednesday.
The Ensign Group Price Performance
The Ensign Group (NASDAQ:ENSG – Get Rating) last issued its quarterly earnings results on Monday, August 1st. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. The firm had revenue of $732.49 million during the quarter, compared to the consensus estimate of $729.44 million. The Ensign Group had a return on equity of 19.97% and a net margin of 7.27%. The Ensign Group’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.83 earnings per share. On average, equities analysts anticipate that The Ensign Group, Inc. will post 3.82 EPS for the current fiscal year.
The Ensign Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Thursday, June 30th were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Wednesday, June 29th. The Ensign Group’s dividend payout ratio is currently 6.13%.
The Ensign Group Company Profile
The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in two segments, Skilled Services and Real Estate. The company offers skilled services, which include short and long-term nursing care services for patients with chronic conditions, prolonged illness, and the elderly; and physical, occupational, and speech therapies and other rehabilitative and healthcare services.
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