The Ensign Group, Inc. $ENSG Position Boosted by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 378.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,346 shares of the company’s stock after acquiring an additional 17,677 shares during the period. SG Americas Securities LLC’s holdings in The Ensign Group were worth $3,861,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of The Ensign Group by 33.4% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 45,962 shares of the company’s stock valued at $7,090,000 after purchasing an additional 11,496 shares in the last quarter. ABN AMRO Bank N.V. acquired a new stake in The Ensign Group during the second quarter valued at approximately $970,000. Belpointe Asset Management LLC bought a new stake in The Ensign Group during the second quarter worth approximately $594,000. Hood River Capital Management LLC grew its position in The Ensign Group by 61.4% in the second quarter. Hood River Capital Management LLC now owns 492,016 shares of the company’s stock worth $75,898,000 after buying an additional 187,262 shares during the last quarter. Finally, Argent Capital Management LLC acquired a new position in The Ensign Group in the third quarter worth approximately $983,000. 96.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

The Ensign Group Trading Down 1.3%

Shares of NASDAQ ENSG opened at $173.87 on Monday. 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 Ensign Group, Inc. has a one year low of $118.73 and a one year high of $193.99. The business has a 50-day moving average price of $179.10 and a two-hundred day moving average price of $169.59. The firm has a market capitalization of $10.07 billion, a PE ratio of 31.10, a PEG ratio of 1.80 and a beta of 0.86.

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

The Ensign Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.065 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.26 annualized dividend and a dividend yield of 0.1%. This is an increase from The Ensign Group’s previous quarterly dividend of $0.06. The Ensign Group’s dividend payout ratio is presently 4.65%.

Insiders Place Their Bets

In related news, Director Barry M. Smith sold 700 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $173.59, for a total transaction of $121,513.00. Following the completion of the sale, the director directly owned 23,652 shares in the company, valued at approximately $4,105,750.68. This trade represents a 2.87% decrease in their ownership of the stock. 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 Ensign Group stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $180.71, for a total value of $5,116,803.65. Following the sale, the chief executive officer directly 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. Insiders sold a total of 50,242 shares of company stock valued at $9,009,622 in the last three months. Company insiders own 3.90% of the company’s stock.

The Ensign Group Company Profile

The Ensign Group, Inc is a diversified provider of post-acute healthcare services in the United States, operating a network of skilled nursing, assisted living, independent living, home health and hospice care centers. The company’s model emphasizes integrated care by employing multidisciplinary teams—including nursing staff, therapists and physicians—to deliver personalized rehabilitation and long-term care services for seniors and other patients recovering from injury, illness or surgery.

Through its owned and managed centers, The Ensign Group offers a broad spectrum of rehabilitation services such as physical, occupational and speech therapy.