The Ensign Group, Inc. $ENSG Shares Sold by Bridge City Capital LLC

Bridge City Capital LLC decreased its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 5.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,787 shares of the company’s stock after selling 4,423 shares during the quarter. The Ensign Group makes up 3.1% of Bridge City Capital LLC’s holdings, making the stock its 2nd largest position. Bridge City Capital LLC owned about 0.13% of The Ensign Group worth $11,228,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. First Horizon Advisors Inc. boosted its position in The Ensign Group by 6.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,193 shares of the company’s stock worth $184,000 after purchasing an additional 72 shares in the last quarter. State of Wyoming lifted its stake in shares of The Ensign Group by 4.5% in the 1st quarter. State of Wyoming now owns 1,967 shares of the company’s stock valued at $255,000 after purchasing an additional 85 shares during the period. CWM LLC boosted its holdings in The Ensign Group by 15.4% during the second quarter. CWM LLC now owns 675 shares of the company’s stock worth $104,000 after buying an additional 90 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its position in The Ensign Group by 5.4% during the first quarter. Ashton Thomas Private Wealth LLC now owns 1,865 shares of the company’s stock valued at $241,000 after buying an additional 96 shares during the period. Finally, Louisiana State Employees Retirement System increased its holdings in The Ensign Group by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the company’s stock valued at $2,484,000 after buying an additional 100 shares in the last quarter. 96.12% of the stock is currently owned by hedge funds and other institutional investors.

The Ensign Group Trading Down 1.2%

ENSG stock opened at $178.99 on Thursday. The Ensign Group, Inc. has a 12-month low of $118.73 and a 12-month high of $193.99. The business’s 50-day moving average is $180.36 and its 200 day moving average is $164.47. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.07. The stock has a market cap of $10.37 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.08 and a beta of 0.85.

The Ensign Group (NASDAQ:ENSG) last released its earnings results on Monday, November 3rd. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.05. The Ensign Group had a return on equity of 16.77% and a net margin of 6.80%.The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the business posted $1.39 earnings per share. The business’s quarterly revenue was up 19.8% compared to the same quarter last year. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. On average, sell-side analysts anticipate that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

The Ensign Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The Ensign Group’s dividend payout ratio is presently 4.47%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ENSG. Royal Bank Of Canada reissued an “outperform” rating and set a $206.00 target price (up from $177.00) on shares of The Ensign Group in a research note on Friday, November 14th. UBS Group reiterated a “buy” rating and set a $220.00 price target (up previously from $205.00) on shares of The Ensign Group in a research report on Wednesday, November 5th. Weiss Ratings reissued a “buy (b)” rating on shares of The Ensign Group in a report on Wednesday, October 8th. Truist Financial upped their target price on The Ensign Group from $190.00 to $200.00 and gave the stock a “hold” rating in a research note on Monday, November 10th. Finally, Stephens upped their target price on The Ensign Group from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, The Ensign Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.40.

Insider Buying and Selling at The Ensign Group

In related news, Director Barry M. Smith sold 700 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $184.27, for a total transaction of $128,989.00. Following the completion of the sale, the director owned 24,352 shares of the company’s stock, valued at approximately $4,487,343.04. This represents a 2.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Barry Port sold 28,315 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $180.71, for a total transaction of $5,116,803.65. Following the completion of the sale, the chief executive officer owned 56,481 shares of the company’s stock, valued at approximately $10,206,681.51. The trade was a 33.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 39,142 shares of company stock valued at $7,054,077. 3.90% of the stock is owned by company 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.