Campbell Newman Asset Management Inc. Grows Holdings in The Ensign Group, Inc. $ENSG

Campbell Newman Asset Management Inc. boosted its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 7.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 19,401 shares of the company’s stock after purchasing an additional 1,287 shares during the period. Campbell Newman Asset Management Inc.’s holdings in The Ensign Group were worth $2,993,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC boosted its stake 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 worth $26,000 after buying an additional 106 shares during the period. TCTC Holdings LLC raised its stake in The Ensign Group by 116.7% during the 1st quarter. TCTC Holdings LLC now owns 208 shares of the company’s stock valued at $27,000 after acquiring an additional 112 shares during the last quarter. WPG Advisers LLC purchased a new stake in The Ensign Group during the 1st quarter valued at approximately $27,000. Financial Management Professionals Inc. acquired a new stake in The Ensign Group during the 2nd quarter worth approximately $28,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of The Ensign Group in the 1st quarter valued at approximately $36,000. 96.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Stephens upped their price target on The Ensign Group from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. UBS Group upped 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. Finally, Truist Financial raised their target price on shares of The Ensign Group from $155.00 to $165.00 and gave the stock a “hold” rating in a research note on Monday, July 28th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $172.67.

The Ensign Group Price Performance

Shares of NASDAQ ENSG opened at $171.55 on Tuesday. 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’s fifty day moving average is $163.67 and its two-hundred day moving average is $147.96. The Ensign Group, Inc. has a one year low of $118.73 and a one year high of $174.98. The firm has a market capitalization of $9.90 billion, a P/E ratio of 31.13, a PEG ratio of 1.98 and a beta of 0.93.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.22 billion. During the same period last year, the firm earned $1.32 EPS. The company’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. Analysts forecast that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

The Ensign Group Announces Dividend

The firm also recently disclosed 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. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Tuesday, September 30th. The Ensign Group’s dividend payout ratio is presently 4.54%.

Insider Buying and Selling

In related news, CFO Suzanne D. Snapper sold 8,379 shares of the business’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $148.21, for a total value of $1,241,851.59. Following the completion of the transaction, the chief financial officer owned 269,692 shares of the company’s stock, valued at approximately $39,971,051.32. The trade was a 3.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Barry M. Smith sold 700 shares of the business’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 transaction, the director directly owned 27,052 shares of the company’s stock, valued at approximately $4,654,567.12. This represents a 2.52% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.

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.