Consolidated Planning Corp Boosts Holdings in The Ensign Group, Inc. $ENSG

Consolidated Planning Corp lifted its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 11.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,087 shares of the company’s stock after buying an additional 1,015 shares during the period. Consolidated Planning Corp’s holdings in The Ensign Group were worth $1,556,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ENSG. Crow s Nest Holdings LP purchased a new position in The Ensign Group during the 1st quarter worth $56,936,000. American Century Companies Inc. grew its position in The Ensign Group by 1,235.5% during the 1st quarter. American Century Companies Inc. now owns 468,575 shares of the company’s stock worth $60,634,000 after purchasing an additional 433,489 shares during the last quarter. GAMMA Investing LLC grew its position in The Ensign Group by 14,683.7% during the 1st quarter. GAMMA Investing LLC now owns 338,252 shares of the company’s stock worth $43,770,000 after purchasing an additional 335,964 shares during the last quarter. Voya Investment Management LLC grew its position in The Ensign Group by 1,546.6% during the 1st quarter. Voya Investment Management LLC now owns 273,489 shares of the company’s stock worth $35,389,000 after purchasing an additional 256,880 shares during the last quarter. Finally, Nuveen LLC purchased a new position in The Ensign Group during the 1st quarter worth $32,429,000. 96.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ENSG has been the topic of several research reports. UBS Group raised their price objective on shares of The Ensign Group from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Truist Financial raised their price objective on shares of The Ensign Group from $155.00 to $165.00 and gave the stock a “hold” rating in a research report on Monday, July 28th. Finally, Stephens raised their target price on shares of The Ensign Group from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $172.67.

Insider Transactions at The Ensign Group

In related news, Director Barry M. Smith sold 700 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $172.06, for a total transaction of $120,442.00. Following the sale, the director owned 27,052 shares of the company’s stock, valued at approximately $4,654,567.12. The trade was a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Suzanne D. Snapper sold 8,379 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer directly owned 269,692 shares in the company, valued at approximately $39,971,051.32. This represents a 3.01% decrease in their position. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.

The Ensign Group Stock Up 1.0%

ENSG stock opened at $174.45 on Thursday. The Ensign Group, Inc. has a one year low of $118.73 and a one year high of $174.98. The stock has a market capitalization of $10.07 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 1.98 and a beta of 0.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.41 and a current ratio of 1.41. The company has a fifty day moving average of $165.10 and a 200-day moving average of $148.31.

The Ensign Group (NASDAQ:ENSG) last released 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 analysts’ expectations of $1.22 billion. During the same quarter last year, the business earned $1.32 EPS. The business’s revenue 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, analysts expect that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Dividend Announcement

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

About The Ensign Group

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.