23,946 Shares in The Ensign Group, Inc. $ENSG Bought by Cooper Investors PTY Ltd.

Key Points

• Cooper Investors PTY Ltd. acquired 23,946 shares of The Ensign Group, Inc. worth approximately $3.69 million during the 2nd quarter.
• Insider transactions revealed that CFO Suzanne D. Snapper sold 8,379 shares for over $1.24 million, reducing her ownership by 3.01%.
• Analysts have raised price targets for The Ensign Group, with UBS Group increasing theirs from $195 to $205, reflecting a consensus price target of $172.67.

Cooper Investors PTY Ltd. purchased a new stake in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 23,946 shares of the company's stock, valued at approximately $3,694,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Northern Trust Corp boosted its position in shares of The Ensign Group by 0.4% during the first quarter. Northern Trust Corp now owns 941,274 shares of the company's stock valued at $121,801,000 after purchasing an additional 3,344 shares in the last quarter. Van Berkom & Associates Inc. grew its stake in shares of The Ensign Group by 14.1% in the 1st quarter. Van Berkom & Associates Inc. now owns 800,108 shares of the company's stock worth $103,534,000 after buying an additional 99,147 shares during the last quarter. Wellington Management Group LLP increased its position in The Ensign Group by 17.6% during the 1st quarter. Wellington Management Group LLP now owns 683,650 shares of the company's stock valued at $88,464,000 after buying an additional 102,089 shares in the last quarter. American Century Companies Inc. raised its stake in The Ensign Group by 1,235.5% during the first quarter. American Century Companies Inc. now owns 468,575 shares of the company's stock valued at $60,634,000 after buying an additional 433,489 shares during the last quarter. Finally, Crow s Nest Holdings LP bought a new stake in The Ensign Group in the first quarter worth $56,936,000. 96.12% of the stock is currently owned by institutional investors.

Insider Transactions at The Ensign Group

In related news, CFO Suzanne D. Snapper sold 8,379 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $148.21, for a total value of $1,241,851.59. Following the sale, the chief financial officer owned 269,692 shares in the company, valued at approximately $39,971,051.32. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Barry M. Smith sold 700 shares of the stock in a transaction on Tuesday, September 2nd. The shares were 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 $4,654,567.12. This trade represents a 2.52% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,779 shares of company stock valued at $1,469,730. Company insiders own 3.90% of the company's stock.

Wall Street Analyst Weigh In

ENSG has been the subject of a number of analyst reports. UBS Group raised their price objective 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. Truist Financial raised 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 report on Monday, July 28th. Finally, Stephens boosted their price objective on shares of The Ensign Group from $165.00 to $170.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $172.67.

The Ensign Group Trading Up 0.7%

Shares of NASDAQ:ENSG opened at $167.07 on Friday. The stock has a 50 day moving average of $159.70 and a 200 day moving average of $145.73. The company has a market cap of $9.64 billion, a PE ratio of 30.32, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. The Ensign Group, Inc. has a 12-month low of $118.73 and a 12-month high of $174.98. 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 (NASDAQ:ENSG - Get Free Report) last released its quarterly earnings data 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 Ensign Group had a return on equity of 16.92% and a net margin of 6.99%.The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the company posted $1.32 earnings per share. The business's quarterly revenue was up 18.5% compared to the same quarter last year. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. As a group, equities research analysts expect that The Ensign Group, Inc. will post 5.59 EPS for the current year.

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.

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