Public Employees Retirement System of Ohio Sells 432 Shares of The Ensign Group, Inc. $ENSG

Public Employees Retirement System of Ohio reduced its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,176 shares of the company’s stock after selling 432 shares during the period. Public Employees Retirement System of Ohio owned 0.07% of The Ensign Group worth $5,889,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Northern Trust Corp grew its stake in The Ensign Group by 0.4% during the first quarter. Northern Trust Corp now owns 941,274 shares of the company’s stock worth $121,801,000 after purchasing an additional 3,344 shares during the period. Van Berkom & Associates Inc. boosted its holdings in shares of The Ensign Group by 14.1% during the 1st quarter. Van Berkom & Associates Inc. now owns 800,108 shares of the company’s stock worth $103,534,000 after buying an additional 99,147 shares in the last quarter. Wellington Management Group LLP grew its position in shares of The Ensign Group by 17.6% during the 1st quarter. Wellington Management Group LLP now owns 683,650 shares of the company’s stock worth $88,464,000 after buying an additional 102,089 shares during the period. American Century Companies Inc. increased its stake in shares of The Ensign Group by 1,235.5% in the 1st quarter. American Century Companies Inc. now owns 468,575 shares of the company’s stock valued at $60,634,000 after acquiring an additional 433,489 shares in the last quarter. Finally, Crow s Nest Holdings LP bought a new stake in shares of The Ensign Group in the 1st quarter valued at $56,936,000. 96.12% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Suzanne D. Snapper sold 8,379 shares of The Ensign Group stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $148.21, for a total transaction of $1,241,851.59. Following the transaction, the chief financial officer owned 269,692 shares of the company’s stock, valued at $39,971,051.32. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Barry M. Smith sold 700 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $172.06, for a total value of $120,442.00. Following the completion of the sale, the director directly owned 27,052 shares of the company’s stock, valued at $4,654,567.12. The trade was a 2.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,779 shares of company stock worth $1,469,730 in the last 90 days. Corporate insiders own 3.90% of the company’s stock.

Wall Street Analysts Forecast Growth

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

The Ensign Group Stock Performance

ENSG opened at $172.50 on Monday. The Ensign Group, Inc. has a 1-year low of $118.73 and a 1-year high of $174.98. The company has a market cap of $9.95 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 1.98 and a beta of 0.93. The company’s fifty day moving average price is $162.98 and its two-hundred day moving average price is $147.64. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.07.

The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Thursday, July 24th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.54 by $0.05. The Ensign Group had a net margin of 6.99% and a return on equity of 16.92%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm posted $1.32 earnings per share. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. On average, analysts expect that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

The Ensign Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The Ensign Group’s dividend payout ratio is 4.54%.

The Ensign Group Company 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.