John Agwunobi Sells 246 Shares of The Ensign Group (NASDAQ:ENSG) Stock

The Ensign Group, Inc. (NASDAQ:ENSG) Director John Agwunobi sold 246 shares of the firm’s 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 completion of the transaction, the director owned 8,879 shares in the company, valued at $1,676,976.73. The trade was a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

The Ensign Group Price Performance

ENSG opened at $179.97 on Friday. The Ensign Group, Inc. has a 52-week low of $118.73 and a 52-week high of $193.99. The company has a 50 day moving average of $175.77 and a two-hundred day moving average of $158.53. The company has a market cap of $10.42 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 quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.07.

The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Monday, November 3rd. The company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. The Ensign Group had a net margin of 6.99% and a return on equity of 16.92%. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.39 EPS. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. On average, analysts expect that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

The Ensign Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were given a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The Ensign Group’s dividend payout ratio is presently 4.47%.

Institutional Trading of The Ensign Group

Several institutional investors have recently added to or reduced their stakes in ENSG. Rise Advisors LLC boosted its stake in The Ensign Group by 114.0% during the 1st quarter. Rise Advisors LLC now owns 199 shares of the company’s stock valued at $26,000 after acquiring an additional 106 shares during the last quarter. TCTC Holdings LLC increased its holdings in shares of The Ensign Group by 116.7% in 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 bought a new stake in shares of The Ensign Group in the 1st quarter valued at approximately $27,000. Financial Management Professionals Inc. acquired a new stake in shares of The Ensign Group during the 2nd quarter valued at approximately $28,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in The Ensign Group by 638.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 229 shares of the company’s stock worth $35,000 after purchasing an additional 198 shares during the period. 96.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Stephens raised their target price on The Ensign Group from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday. UBS Group reaffirmed a “buy” rating and issued a $220.00 price objective (up previously from $205.00) on shares of The Ensign Group in a research report on Wednesday. Truist Financial set a $190.00 target price on shares of The Ensign Group in a research report on Tuesday, October 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of The Ensign Group in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $191.50.

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.