Equitable Trust Co. Has $1.24 Million Stock Position in The Ensign Group, Inc. $ENSG

Equitable Trust Co. raised its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 59.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 8,051 shares of the company’s stock after buying an additional 3,005 shares during the period. Equitable Trust Co.’s holdings in The Ensign Group were worth $1,242,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ENSG. Cambridge Investment Research Advisors Inc. raised its stake in shares of The Ensign Group by 23.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,298 shares of the company’s stock valued at $1,074,000 after acquiring an additional 1,564 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of The Ensign Group by 1.6% during the first quarter. QRG Capital Management Inc. now owns 5,825 shares of the company’s stock valued at $754,000 after acquiring an additional 92 shares during the last quarter. KBC Group NV raised its stake in shares of The Ensign Group by 10.7% during the first quarter. KBC Group NV now owns 2,506 shares of the company’s stock valued at $324,000 after acquiring an additional 243 shares during the last quarter. New York State Teachers Retirement System raised its stake in shares of The Ensign Group by 0.8% during the first quarter. New York State Teachers Retirement System now owns 36,529 shares of the company’s stock valued at $4,727,000 after acquiring an additional 300 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of The Ensign Group during the first quarter valued at $343,000. Institutional investors and hedge funds own 96.12% of the company’s stock.

The Ensign Group Trading Up 0.6%

ENSG opened at $178.00 on Wednesday. The Ensign Group, Inc. has a 1-year low of $118.73 and a 1-year high of $179.27. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.07. The company has a market cap of $10.27 billion, a P/E ratio of 32.30, a price-to-earnings-growth ratio of 2.03 and a beta of 0.93. The company has a fifty day moving average price of $169.78 and a two-hundred day moving average price of $151.37.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.59 earnings per share for the quarter, beating 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 firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm posted $1.32 earnings per share. The business’s revenue was up 18.5% compared to the same quarter last year. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. Analysts predict that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

The Ensign Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of The Ensign Group in a research note on Wednesday, October 8th. UBS Group lifted their target price on shares of The Ensign Group from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Truist Financial set a $190.00 target price on shares of The Ensign Group in a research note on Tuesday. Finally, Stephens lifted 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. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, The Ensign Group presently has a consensus rating of “Moderate Buy” and an average price target of $176.83.

Insider Activity

In other 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 completion of the sale, the director directly owned 27,052 shares of the company’s stock, valued at $4,654,567.12. The trade was a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.90% of the stock is owned by corporate insiders.

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.