Atria Investments Inc Sells 530 Shares of The Ensign Group, Inc. $ENSG

Atria Investments Inc decreased its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 8.9% in the second quarter, Holdings Channel.com reports. The firm owned 5,439 shares of the company’s stock after selling 530 shares during the quarter. Atria Investments Inc’s holdings in The Ensign Group were worth $839,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new position in shares of The Ensign Group in the 2nd quarter worth about $28,000. Rise Advisors LLC grew its holdings in The Ensign Group by 114.0% in the first quarter. Rise Advisors LLC now owns 199 shares of the company’s stock worth $26,000 after purchasing an additional 106 shares during the period. WPG Advisers LLC purchased a new stake in The Ensign Group in the first quarter worth about $27,000. TCTC Holdings LLC increased its stake in shares of The Ensign Group by 116.7% during the first quarter. TCTC Holdings LLC now owns 208 shares of the company’s stock valued at $27,000 after purchasing an additional 112 shares in the last quarter. Finally, Maseco LLP purchased a new position in shares of The Ensign Group during the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 96.12% of the company’s stock.

Analyst Upgrades and Downgrades

ENSG has been the topic of several recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of The Ensign Group in a research note on Wednesday, October 8th. Truist Financial set a $190.00 target price on The Ensign Group in a report on Tuesday, October 14th. Stephens raised their price target on The Ensign Group from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, UBS Group reaffirmed a “buy” rating and issued a $220.00 price target (up previously from $205.00) on shares of The Ensign Group in a research report on Wednesday. Four equities research 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, The Ensign Group presently has an average rating of “Moderate Buy” and an average price target of $191.50.

Insider Activity at The Ensign Group

In related news, Director John O. Agwunobi sold 246 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $188.87, for a total transaction of $46,462.02. Following the transaction, the director owned 8,879 shares in the company, valued at $1,676,976.73. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barry M. Smith sold 700 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $180.64, for a total transaction of $126,448.00. Following the completion of the sale, the director owned 25,052 shares in the company, valued at $4,525,393.28. This represents a 2.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,719 shares of company stock valued at $306,644 over the last three months. 3.90% of the stock is owned by corporate insiders.

The Ensign Group Stock Down 1.6%

ENSG stock opened at $179.97 on Friday. The stock has a market capitalization of $10.38 billion, a P/E ratio of 32.66, a P/E/G ratio of 2.10 and a beta of 0.94. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.41 and a quick ratio of 1.41. The Ensign Group, Inc. has a 1-year low of $118.73 and a 1-year high of $193.99. The business has a fifty day moving average price of $175.77 and a 200-day moving average price of $158.28.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Monday, November 3rd. The company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.59 by $0.05. The Ensign Group had a return on equity of 16.92% and a net margin of 6.99%.The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the company earned $1.39 EPS. The Ensign Group’s revenue for the quarter was up 19.8% on a year-over-year basis. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. Equities analysts forecast that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.1%. The Ensign Group’s payout ratio is currently 4.47%.

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.