The Ensign Group, Inc. $ENSG Stock Holdings Reduced by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. trimmed its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,834 shares of the company’s stock after selling 314 shares during the quarter. Summit Investment Advisors Inc.’s holdings in The Ensign Group were worth $2,178,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its holdings in The Ensign Group by 6.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 358,341 shares of the company’s stock worth $46,369,000 after acquiring an additional 21,510 shares during the period. Brown Advisory Inc. bought a new stake in The Ensign Group during the first quarter worth about $209,000. State of Michigan Retirement System increased its holdings in The Ensign Group by 0.7% during the first quarter. State of Michigan Retirement System now owns 13,600 shares of the company’s stock worth $1,760,000 after buying an additional 100 shares during the last quarter. Xponance Inc. lifted its stake in The Ensign Group by 1.3% in the 1st quarter. Xponance Inc. now owns 8,059 shares of the company’s stock valued at $1,043,000 after purchasing an additional 105 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in The Ensign Group by 1.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the company’s stock valued at $2,070,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of research firms have issued reports on ENSG. Truist Financial set a $190.00 target price on The Ensign Group in a research report on Tuesday, October 14th. Stephens lifted their price target on shares of The Ensign Group from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of The Ensign Group in a research note on Wednesday, October 8th. Finally, UBS Group reiterated a “buy” rating and set a $220.00 target price (up from $205.00) on shares of The Ensign Group in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $191.50.

The Ensign Group Stock Performance

Shares of The Ensign Group stock opened at $179.97 on Monday. The Ensign Group, Inc. has a 52 week low of $118.73 and a 52 week high of $193.99. The company has a market capitalization of $10.42 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 2.10 and a beta of 0.94. The stock’s fifty day moving average is $175.77 and its two-hundred day moving average is $158.77. 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 announced its quarterly earnings data on Monday, November 3rd. The company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.05. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.28 billion. The Ensign Group had a return on equity of 16.92% and a net margin of 6.99%.The Ensign Group’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.39 earnings per share. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, September 30th. The Ensign Group’s payout ratio is 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.