Synovus Financial Corp Purchases 6,931 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Synovus Financial Corp boosted its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 90.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,618 shares of the company’s stock after acquiring an additional 6,931 shares during the period. Synovus Financial Corp’s holdings in The Ensign Group were worth $2,102,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC lifted its holdings in shares of The Ensign Group by 115.2% during the 3rd quarter. Signaturefd LLC now owns 284 shares of the company’s stock valued at $41,000 after purchasing an additional 152 shares during the last quarter. USA Financial Formulas acquired a new position in The Ensign Group during the 3rd quarter valued at about $54,000. UMB Bank n.a. raised its stake in The Ensign Group by 30.1% in the third quarter. UMB Bank n.a. now owns 385 shares of the company’s stock valued at $55,000 after buying an additional 89 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in The Ensign Group in the second quarter worth about $49,000. Finally, Blue Trust Inc. grew its stake in shares of The Ensign Group by 21.2% during the second quarter. Blue Trust Inc. now owns 429 shares of the company’s stock worth $53,000 after acquiring an additional 75 shares during the last quarter. 96.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at The Ensign Group

In other The Ensign Group news, CEO Barry Port sold 2,000 shares of The Ensign Group stock in a transaction on Friday, October 25th. The shares were sold at an average price of $155.00, for a total value of $310,000.00. Following the completion of the transaction, the chief executive officer now owns 53,716 shares of the company’s stock, valued at approximately $8,325,980. The trade was a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.90% of the stock is owned by company insiders.

The Ensign Group Stock Up 0.8 %

NASDAQ:ENSG opened at $142.42 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.56 and a quick ratio of 1.56. The company’s fifty day moving average price is $147.45 and its 200-day moving average price is $140.83. The Ensign Group, Inc. has a 1-year low of $109.95 and a 1-year high of $158.45. The firm has a market capitalization of $8.16 billion, a P/E ratio of 34.48, a PEG ratio of 1.90 and a beta of 0.92.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 17.21% and a net margin of 5.84%. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the firm earned $1.10 EPS. As a group, equities research analysts anticipate that The Ensign Group, Inc. will post 5.03 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on ENSG shares. Stephens increased their price objective on shares of The Ensign Group from $163.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. UBS Group started coverage on shares of The Ensign Group in a report on Thursday, November 21st. They issued a “buy” rating and a $175.00 price target for the company. Oppenheimer lifted their price objective on shares of The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Royal Bank of Canada upped their target price 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. Finally, Truist Financial lifted their price target on The Ensign Group from $160.00 to $170.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.