Harvest Fund Management Co. Ltd Has $523,000 Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Harvest Fund Management Co. Ltd grew its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 36.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,944 shares of the company’s stock after purchasing an additional 1,055 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in The Ensign Group were worth $523,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of The Ensign Group by 42.3% during the third quarter. FMR LLC now owns 1,995,971 shares of the company’s stock valued at $287,061,000 after purchasing an additional 593,779 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of The Ensign Group by 5.1% during the third quarter. Geode Capital Management LLC now owns 1,363,822 shares of the company’s stock valued at $196,181,000 after purchasing an additional 66,314 shares in the last quarter. Crewe Advisors LLC boosted its stake in shares of The Ensign Group by 0.9% during the third quarter. Crewe Advisors LLC now owns 1,110,692 shares of the company’s stock valued at $159,740,000 after purchasing an additional 10,221 shares in the last quarter. Copeland Capital Management LLC boosted its stake in shares of The Ensign Group by 0.8% during the fourth quarter. Copeland Capital Management LLC now owns 944,077 shares of the company’s stock valued at $125,430,000 after purchasing an additional 7,542 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of The Ensign Group by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 800,606 shares of the company’s stock valued at $115,143,000 after purchasing an additional 23,381 shares in the last quarter. 96.12% of the stock is owned by institutional investors and hedge funds.

The Ensign Group Trading Down 0.9 %

Shares of ENSG stock opened at $129.59 on Friday. The company has a market cap of $7.45 billion, a P/E ratio of 25.36, a PEG ratio of 1.52 and a beta of 0.98. The stock has a 50 day simple moving average of $132.90 and a two-hundred day simple moving average of $141.03. 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, Inc. has a fifty-two week low of $113.27 and a fifty-two week high of $158.45.

The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Wednesday, February 5th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.11). The Ensign Group had a return on equity of 17.07% and a net margin of 6.99%. Research analysts forecast that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Daren Shaw sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $129.66, for a total transaction of $259,320.00. Following the transaction, the director now directly owns 26,325 shares of the company’s stock, valued at $3,413,299.50. This represents a 7.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Barry M. Smith sold 700 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $133.43, for a total value of $93,401.00. Following the transaction, the director now directly owns 30,852 shares in the company, valued at $4,116,582.36. The trade was a 2.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,186 shares of company stock worth $6,345,115. 3.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ENSG shares. Macquarie lifted their price target on The Ensign Group from $165.00 to $166.00 and gave the company an “outperform” rating in a research note on Tuesday, February 4th. Stephens reaffirmed an “overweight” rating and issued a $155.00 price objective on shares of The Ensign Group in a research note on Thursday, February 6th. Truist Financial cut their price objective on The Ensign Group from $170.00 to $155.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Finally, UBS Group began coverage on 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $165.17.

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.