Arrowstreet Capital Limited Partnership Has $41.25 Million Stock Position in The Ensign Group, Inc. $ENSG

Arrowstreet Capital Limited Partnership boosted its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 10.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 267,423 shares of the company’s stock after purchasing an additional 25,239 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.46% of The Ensign Group worth $41,253,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Rise Advisors LLC boosted its position in shares of The Ensign Group by 114.0% during the first quarter. Rise Advisors LLC now owns 199 shares of the company’s stock valued at $26,000 after buying an additional 106 shares during the last quarter. WPG Advisers LLC bought a new stake in shares of The Ensign Group during the 1st quarter worth $27,000. Financial Management Professionals Inc. purchased a new position in shares of The Ensign Group in the 2nd quarter worth about $28,000. Steward Partners Investment Advisory LLC grew its position in The Ensign Group by 638.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 229 shares of the company’s stock valued at $35,000 after buying an additional 198 shares during the period. Finally, Maseco LLP purchased a new stake in The Ensign Group during the second quarter worth about $36,000. Institutional investors own 96.12% of the company’s stock.

Wall Street Analyst Weigh In

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

The Ensign Group Price Performance

ENSG stock opened at $177.97 on Friday. The firm has a market cap of $10.31 billion, a P/E ratio of 31.84, a P/E/G ratio of 2.01 and a beta of 0.85. The firm’s fifty day moving average is $180.62 and its 200 day moving average is $164.77. The Ensign Group, Inc. has a 52 week low of $118.73 and a 52 week high of $193.99. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.46 and a current ratio of 1.46.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly 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 business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.28 billion. The Ensign Group had a net margin of 6.80% and a return on equity of 16.77%. The firm’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.39 EPS. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. Research analysts predict that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

The Ensign Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were paid a $0.0625 dividend. The ex-dividend date was 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 presently 4.47%.

Insider Buying and Selling

In other The Ensign Group news, CEO Barry Port sold 28,315 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $180.71, for a total value of $5,116,803.65. Following the completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Spencer Burton sold 2,209 shares of The Ensign Group stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $180.00, for a total transaction of $397,620.00. Following the completion of the sale, the chief operating officer directly owned 51,165 shares of the company’s stock, valued at approximately $9,209,700. This trade represents a 4.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 39,142 shares of company stock worth $7,054,077 over the last three months. Corporate insiders own 3.90% of the company’s stock.

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.