6,700 Shares in The Ensign Group, Inc. $ENSG Bought by Strs Ohio

Strs Ohio bought a new position in The Ensign Group, Inc. (NASDAQ:ENSG) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,700 shares of the company’s stock, valued at approximately $867,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rise Advisors LLC raised its stake in The Ensign Group by 114.0% during the first quarter. Rise Advisors LLC now owns 199 shares of the company’s stock worth $26,000 after acquiring an additional 106 shares in the last quarter. WPG Advisers LLC acquired a new position in The Ensign Group during the first quarter worth $27,000. TCTC Holdings LLC raised its stake in The Ensign Group by 116.7% during the first quarter. TCTC Holdings LLC now owns 208 shares of the company’s stock worth $27,000 after acquiring an additional 112 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in The Ensign Group during the first quarter worth $36,000. Finally, AdvisorNet Financial Inc acquired a new position in The Ensign Group during the first quarter worth $38,000. 96.12% of the stock is owned by institutional investors.

The Ensign Group Price Performance

The Ensign Group stock opened at $167.07 on Friday. The business’s 50-day simple moving average is $159.70 and its 200 day simple moving average is $145.73. The stock has a market cap of $9.64 billion, a price-to-earnings ratio of 30.32, a P/E/G ratio of 1.90 and a beta of 0.93. The Ensign Group, Inc. has a 12-month low of $118.73 and a 12-month high of $174.98. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.07.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.05. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. The Ensign Group had a return on equity of 16.92% and a net margin of 6.99%.The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.32 earnings per share. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. As a group, research analysts anticipate that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

Insider Activity

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $172.06, for a total transaction of $120,442.00. Following the transaction, the director owned 27,052 shares in the company, valued at approximately $4,654,567.12. This trade represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Suzanne D. Snapper sold 8,379 shares of the firm’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $148.21, for a total value of $1,241,851.59. Following the transaction, the chief financial officer owned 269,692 shares in the company, valued at approximately $39,971,051.32. This trade represents a 3.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,779 shares of company stock worth $1,469,730. 3.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ENSG has been the subject of several recent analyst reports. Stephens increased their price objective on The Ensign Group from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. UBS Group increased their price objective on The Ensign Group from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Finally, Truist Financial increased their price objective on The Ensign Group from $155.00 to $165.00 and gave the stock a “hold” rating in a research note on Monday, July 28th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $172.67.

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.