The Ensign Group, Inc. (ENSG) Position Lifted by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 89.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,650 shares of the company’s stock after acquiring an additional 17,775 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.07% of The Ensign Group worth $1,428,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ENSG. BlackRock Inc. increased its stake in The Ensign Group by 14.1% in the second quarter. BlackRock Inc. now owns 7,187,953 shares of the company’s stock valued at $257,471,000 after acquiring an additional 890,137 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of The Ensign Group during the second quarter worth $30,968,000. WINTON GROUP Ltd bought a new stake in shares of The Ensign Group during the second quarter worth $16,497,000. Gagnon Securities LLC bought a new stake in shares of The Ensign Group during the second quarter worth $8,784,000. Finally, Advisors Asset Management Inc. grew its stake in shares of The Ensign Group by 14,877.2% during the second quarter. Advisors Asset Management Inc. now owns 239,336 shares of the company’s stock worth $103,000 after buying an additional 237,738 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have weighed in on the stock. Cantor Fitzgerald boosted their target price on shares of The Ensign Group from $42.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, November 2nd. BidaskClub raised shares of The Ensign Group from a “hold” rating to a “buy” rating in a research note on Friday, October 26th. Zacks Investment Research cut shares of The Ensign Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Finally, Stifel Nicolaus set a $34.00 target price on shares of The Ensign Group and gave the stock a “hold” rating in a research note on Thursday, August 16th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $40.71.

NASDAQ ENSG opened at $45.62 on Friday. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 28.66, a P/E/G ratio of 1.78 and a beta of 0.68. The Ensign Group, Inc. has a fifty-two week low of $21.67 and a fifty-two week high of $48.17. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43.

The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Wednesday, October 31st. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $522.21 million for the quarter, compared to analysts’ expectations of $506.14 million. The Ensign Group had a net margin of 3.86% and a return on equity of 16.10%. The company’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 earnings per share. As a group, sell-side analysts predict that The Ensign Group, Inc. will post 1.71 earnings per share for the current year.

In other news, VP Chad Keetch sold 64,039 shares of The Ensign Group stock in a transaction on Monday, November 5th. The shares were sold at an average price of $44.90, for a total transaction of $2,875,351.10. Following the transaction, the vice president now owns 70,892 shares in the company, valued at $3,183,050.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John G. Nackel sold 1,000 shares of The Ensign Group stock in a transaction on Friday, October 5th. The stock was sold at an average price of $38.25, for a total transaction of $38,250.00. Following the transaction, the director now owns 78,232 shares in the company, valued at approximately $2,992,374. The disclosure for this sale can be found here. In the last quarter, insiders have sold 98,453 shares of company stock worth $4,283,378. 6.00% of the stock is owned by company insiders.

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The Ensign Group Profile

The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses in the United States. It operates through three segments: Transitional and Skilled Services; Assisted and Independent Living Services; and Home Health and Hospice Services. The Transitional and Skilled Services segment offers a range of medical, nursing, rehabilitative, and pharmacy services, as well as routine services, including daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.

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

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