Bank of Montreal Can Sells 3,223 Shares of The Ensign Group, Inc. $ENSG

Bank of Montreal Can lessened its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 10.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,460 shares of the company’s stock after selling 3,223 shares during the period. Bank of Montreal Can’s holdings in The Ensign Group were worth $4,236,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Inspire Investing LLC bought a new stake in shares of The Ensign Group in the 1st quarter valued at approximately $2,205,000. Intech Investment Management LLC boosted its stake in The Ensign Group by 16.5% in the 1st quarter. Intech Investment Management LLC now owns 27,485 shares of the company’s stock valued at $3,557,000 after buying an additional 3,894 shares in the last quarter. Fortis Capital Advisors LLC acquired a new stake in The Ensign Group in the 2nd quarter valued at $594,000. Voya Investment Management LLC grew its position in The Ensign Group by 1,546.6% in the first quarter. Voya Investment Management LLC now owns 273,489 shares of the company’s stock valued at $35,389,000 after acquiring an additional 256,880 shares during the period. Finally, Voleon Capital Management LP bought a new stake in The Ensign Group in the first quarter valued at $299,000. Institutional investors own 96.12% of the company’s stock.

The Ensign Group Stock Performance

Shares of NASDAQ:ENSG opened at $179.80 on Wednesday. The business has a fifty day moving average of $176.11 and a 200-day moving average of $159.55. The firm has a market cap of $10.41 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 2.10 and a beta of 0.94. 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 Ensign Group, Inc. has a twelve month low of $118.73 and a twelve month high of $193.99.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings data on Monday, November 3rd. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.59 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 $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the firm earned $1.39 EPS. The company’s revenue 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. On average, equities research analysts predict that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

The Ensign Group Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have issued reports on ENSG. Truist Financial lifted their price objective on The Ensign Group from $190.00 to $200.00 and gave the company a “hold” rating in a report on Monday. Stephens increased their target price on shares of The Ensign Group from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. UBS Group restated a “buy” rating and issued a $220.00 price target (up from $205.00) on shares of The Ensign Group in a research report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of The Ensign Group in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $194.00.

Insider Activity at The Ensign Group

In other The Ensign Group news, Director John O. Agwunobi sold 246 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was 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 of the company’s stock, valued at approximately $1,676,976.73. This represents a 2.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $180.64, for a total value of $126,448.00. Following the completion of the sale, the director directly owned 25,052 shares of the company’s stock, valued at $4,525,393.28. This trade represents a 2.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,719 shares of company stock valued at $306,644 in the last 90 days. 3.90% of the stock is currently owned by corporate insiders.

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.