The Ensign Group, Inc. $ENSG Shares Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System boosted its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,100 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in The Ensign Group were worth $2,484,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ENSG. Crow s Nest Holdings LP acquired a new stake in shares of The Ensign Group in the 1st quarter worth $56,936,000. American Century Companies Inc. increased its stake in shares of The Ensign Group by 1,235.5% in the 1st quarter. American Century Companies Inc. now owns 468,575 shares of the company’s stock worth $60,634,000 after acquiring an additional 433,489 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of The Ensign Group by 1,546.6% in the 1st quarter. Voya Investment Management LLC now owns 273,489 shares of the company’s stock worth $35,389,000 after acquiring an additional 256,880 shares during the last quarter. Nuveen LLC acquired a new stake in shares of The Ensign Group in the 1st quarter worth $32,429,000. Finally, Wellington Management Group LLP increased its stake in shares of The Ensign Group by 17.6% in the 1st quarter. Wellington Management Group LLP now owns 683,650 shares of the company’s stock worth $88,464,000 after acquiring an additional 102,089 shares during the last quarter. 96.12% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at The Ensign Group

In related news, Director Barry M. Smith sold 700 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $172.06, for a total transaction of $120,442.00. Following the transaction, the director owned 27,052 shares of the company’s stock, valued at approximately $4,654,567.12. This represents a 2.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.90% of the company’s stock.

The Ensign Group Stock Performance

NASDAQ ENSG opened at $175.34 on Friday. The stock has a market cap of $10.12 billion, a PE ratio of 31.82, a P/E/G ratio of 2.02 and a beta of 0.93. 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 Ensign Group, Inc. has a twelve month low of $118.73 and a twelve month high of $179.11. The stock has a fifty day simple moving average of $168.94 and a 200-day simple moving average of $150.54.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Thursday, July 24th. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.05. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. The Ensign Group had a return on equity of 16.92% and a net margin of 6.99%.The company’s revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.32 EPS. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. Equities analysts anticipate that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

The Ensign Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. UBS Group increased their price target on shares of The Ensign Group from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Stephens increased their price target on shares of The Ensign Group from $165.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Truist Financial increased their price target on shares of The Ensign Group from $155.00 to $165.00 and gave the company a “hold” rating in a research note on Monday, July 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of The Ensign Group in a research note on Wednesday. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $172.67.

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.