Lazard Asset Management LLC Invests $229,000 in The Ensign Group, Inc. (NASDAQ:ENSG)

Lazard Asset Management LLC purchased a new position in The Ensign Group, Inc. (NASDAQ:ENSGGet Rating) in the 2nd quarter, Holdings Channel reports. The firm purchased 3,124 shares of the company’s stock, valued at approximately $229,000.

Other hedge funds have also recently modified their holdings of the company. Quadrant Capital Group LLC raised its stake in shares of The Ensign Group by 195.2% in the first quarter. Quadrant Capital Group LLC now owns 310 shares of the company’s stock worth $28,000 after purchasing an additional 205 shares during the last quarter. Lindbrook Capital LLC grew its holdings in shares of The Ensign Group by 79.7% in the second quarter. Lindbrook Capital LLC now owns 496 shares of the company’s stock worth $36,000 after acquiring an additional 220 shares during the period. Benjamin Edwards Inc. grew its holdings in shares of The Ensign Group by 8,540.0% in the first quarter. Benjamin Edwards Inc. now owns 432 shares of the company’s stock worth $39,000 after acquiring an additional 427 shares during the period. Quantbot Technologies LP bought a new stake in shares of The Ensign Group in the first quarter worth $46,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of The Ensign Group by 564.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 658 shares of the company’s stock worth $59,000 after acquiring an additional 559 shares during the period. Hedge funds and other institutional investors own 88.82% of the company’s stock.

The Ensign Group Stock Performance

NASDAQ:ENSG opened at $92.50 on Monday. The stock has a 50-day simple moving average of $86.62 and a two-hundred day simple moving average of $82.35. The Ensign Group, Inc. has a 52-week low of $70.29 and a 52-week high of $95.14. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market capitalization of $5.13 billion, a PE ratio of 24.67, a P/E/G ratio of 1.61 and a beta of 1.00.

The Ensign Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, September 30th were given a $0.055 dividend. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $0.22 annualized dividend and a dividend yield of 0.24%. The Ensign Group’s payout ratio is 5.87%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Oppenheimer lifted their price objective on The Ensign Group to $105.00 in a report on Tuesday, November 1st. Stifel Nicolaus lifted their price objective on The Ensign Group from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, September 15th. Royal Bank of Canada lifted their price objective on The Ensign Group from $95.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday, November 1st. Stephens boosted their price target on The Ensign Group from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Friday, October 28th. Finally, Truist Financial boosted their price target on The Ensign Group from $85.00 to $95.00 in a report on Wednesday, August 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.60.

Insider Activity

In other news, Director Daren Shaw sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $92.53, for a total value of $185,060.00. Following the transaction, the director now directly owns 37,000 shares in the company, valued at $3,423,610. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Beverly B. Wittekind sold 1,014 shares of the business’s stock in a transaction dated Friday, October 14th. The stock was sold at an average price of $86.06, for a total value of $87,264.84. Following the sale, the vice president now directly owns 45,566 shares in the company, valued at $3,921,409.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daren Shaw sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $92.53, for a total value of $185,060.00. Following the completion of the sale, the director now owns 37,000 shares in the company, valued at $3,423,610. The disclosure for this sale can be found here. Insiders have sold 22,137 shares of company stock worth $1,986,116 over the last ninety days. Corporate insiders own 4.70% of the company’s stock.

The Ensign Group Profile

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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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Institutional Ownership by Quarter for The Ensign Group (NASDAQ:ENSG)

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