State of Alaska Department of Revenue Has $988,000 Stake in The Ensign Group, Inc. $ENSG

State of Alaska Department of Revenue reduced its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 4.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,410 shares of the company’s stock after selling 270 shares during the period. State of Alaska Department of Revenue’s holdings in The Ensign Group were worth $988,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rise Advisors LLC lifted its stake in shares of The Ensign Group by 114.0% in the 1st quarter. Rise Advisors LLC now owns 199 shares of the company’s stock valued at $26,000 after purchasing an additional 106 shares during the period. TCTC Holdings LLC increased its holdings in The Ensign Group by 116.7% in the first quarter. TCTC Holdings LLC now owns 208 shares of the company’s stock valued at $27,000 after purchasing an additional 112 shares during the last quarter. WPG Advisers LLC bought a new stake in The Ensign Group in the first quarter valued at about $27,000. Financial Management Professionals Inc. acquired a new position in The Ensign Group in the second quarter valued at about $28,000. Finally, Opal Wealth Advisors LLC bought a new position in The Ensign Group during the first quarter worth about $36,000. 96.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on ENSG shares. Truist Financial upped their price target on The Ensign Group from $155.00 to $165.00 and gave the company a “hold” rating in a research note on Monday, July 28th. Stephens upped their target price on shares of The Ensign Group from $165.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Weiss Ratings reissued a “buy (b)” rating on shares of The Ensign Group in a research report on Saturday, September 27th. Finally, UBS Group boosted their price target on shares of The Ensign Group from $195.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $172.67.

The Ensign Group Stock Performance

Shares of NASDAQ ENSG opened at $175.40 on Monday. 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 company has a market capitalization of $10.12 billion, a P/E ratio of 31.83, a P/E/G ratio of 2.01 and a beta of 0.93. The Ensign Group, Inc. has a 12 month low of $118.73 and a 12 month high of $176.59. The stock has a 50 day moving average of $166.33 and a 200-day moving average of $149.20.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.05. The Ensign Group had a return on equity of 16.92% and a net margin of 6.99%.The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the business earned $1.32 EPS. 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. As a group, equities research analysts predict that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Announces Dividend

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

Insiders Place Their Bets

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $172.06, for a total transaction of $120,442.00. Following the completion of the sale, the director directly owned 27,052 shares in the company, valued at $4,654,567.12. This trade represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.90% of the stock is currently owned by corporate insiders.

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.