Orion Portfolio Solutions LLC Has $1.42 Million Stock Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Orion Portfolio Solutions LLC lowered its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,836 shares of the company’s stock after selling 244 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in The Ensign Group were worth $1,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ENSG. Baillie Gifford & Co. bought a new stake in The Ensign Group during the 3rd quarter worth approximately $151,827,000. FMR LLC grew its stake in shares of The Ensign Group by 42.3% in the third quarter. FMR LLC now owns 1,995,971 shares of the company’s stock worth $287,061,000 after purchasing an additional 593,779 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of The Ensign Group by 54.6% in the third quarter. Wellington Management Group LLP now owns 649,764 shares of the company’s stock worth $93,449,000 after purchasing an additional 229,586 shares during the last quarter. World Investment Advisors LLC acquired a new stake in The Ensign Group in the third quarter valued at $21,744,000. Finally, Westfield Capital Management Co. LP bought a new position in The Ensign Group during the 3rd quarter worth $18,843,000. Institutional investors own 96.12% of the company’s stock.

The Ensign Group Price Performance

Shares of ENSG opened at $142.42 on Friday. The firm has a market cap of $8.16 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 1.90 and a beta of 0.92. The Ensign Group, Inc. has a 52-week low of $109.95 and a 52-week high of $158.45. The business’s 50 day moving average price is $147.45 and its two-hundred day moving average price is $140.51. 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 Ensign Group (NASDAQ:ENSG) last released its earnings results on Thursday, October 24th. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. The Ensign Group had a net margin of 5.84% and a return on equity of 17.21%. The Ensign Group’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.10 EPS. On average, equities analysts anticipate that The Ensign Group, Inc. will post 5.03 EPS for the current year.

Insider Activity

In related news, CEO Barry Port sold 2,000 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $155.00, for a total value of $310,000.00. Following the completion of the sale, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at $8,325,980. The trade was a 3.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ENSG. Royal Bank of Canada upped their price target on The Ensign Group from $167.00 to $172.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Oppenheimer upped their target price on The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Truist Financial raised their price target on shares of The Ensign Group from $160.00 to $170.00 and gave the stock a “hold” rating in a report on Monday, October 28th. UBS Group assumed coverage on shares of The Ensign Group in a research note on Thursday, November 21st. They issued a “buy” rating and a $175.00 price objective on the stock. Finally, Stephens lifted 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 note on Monday, October 28th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Ensign Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.33.

About The Ensign Group

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.