Allspring Global Investments Holdings LLC Has $19.39 Million Position in The Ensign Group, Inc. $ENSG

Key Points

• Allspring Global Investments Holdings LLC increased its stake in The Ensign Group by 12.4% to own 128,560 shares worth approximately $19.39 million as of the end of Q2.
• Several analysts have raised their price targets for The Ensign Group, with UBS Group setting a new target of $205.00 and maintaining a "buy" rating.
• The Ensign Group recently announced a quarterly dividend of $0.0625 per share, reflecting a 0.1% yield, with the next payment scheduled for October 31st.

Allspring Global Investments Holdings LLC boosted its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 12.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,560 shares of the company's stock after purchasing an additional 14,146 shares during the period. Allspring Global Investments Holdings LLC owned 0.22% of The Ensign Group worth $19,386,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rise Advisors LLC increased its holdings in The Ensign Group by 114.0% in the 1st quarter. Rise Advisors LLC now owns 199 shares of the company's stock worth $26,000 after purchasing an additional 106 shares in the last quarter. TCTC Holdings LLC increased its holdings in The Ensign Group by 116.7% in the 1st quarter. TCTC Holdings LLC now owns 208 shares of the company's stock worth $27,000 after purchasing an additional 112 shares in the last quarter. WPG Advisers LLC acquired a new position in The Ensign Group in the 1st quarter worth about $27,000. Financial Management Professionals Inc. acquired a new position in The Ensign Group in the 2nd quarter worth about $28,000. Finally, Maseco LLP acquired a new position in The Ensign Group in the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 96.12% of the company's stock.

Insider Buying and Selling

In related news, Director Barry M. Smith sold 700 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $172.06, for a total transaction of $120,442.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ENSG shares. UBS Group increased their price target on 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 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 set a $190.00 price target on The Ensign Group in a research note on Tuesday. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of The Ensign Group in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $176.83.

The Ensign Group Trading Up 0.9%

NASDAQ ENSG opened at $179.47 on Friday. The business has a 50 day simple moving average of $170.58 and a 200 day simple moving average of $151.89. The Ensign Group, Inc. has a one year low of $118.73 and a one year high of $180.30. The stock has a market capitalization of $10.36 billion, a P/E ratio of 32.57, a P/E/G ratio of 2.04 and a beta of 0.93. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.41 and a quick ratio of 1.41.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $1.59 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter last year, the firm posted $1.32 earnings per share. The firm's revenue was up 18.5% on a year-over-year basis. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. Research analysts expect that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

The Ensign Group Dividend Announcement

The firm 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 (DPR) is currently 4.54%.

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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