Belpointe Asset Management LLC Purchases New Holdings in The Ensign Group, Inc. $ENSG

Key Points

• Belpointe Asset Management LLC acquired a new stake in The Ensign Group, purchasing 3,853 shares valued at approximately $594,000 in Q2.
• The Ensign Group recently reported a Q2 earnings per share of $1.59, exceeding estimates and showing an 18.5% year-over-year revenue growth.
• Analysts have indicated a Moderate Buy rating for the stock, with UBS Group increasing its target price from $195 to $205.

Belpointe Asset Management LLC purchased a new stake in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,853 shares of the company's stock, valued at approximately $594,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ENSG. Rise Advisors LLC boosted its holdings in The Ensign Group by 114.0% in the first quarter. Rise Advisors LLC now owns 199 shares of the company's stock valued at $26,000 after purchasing an additional 106 shares during the last quarter. TCTC Holdings LLC lifted its holdings in The Ensign Group by 116.7% during the 1st quarter. TCTC Holdings LLC now owns 208 shares of the company's stock worth $27,000 after buying an additional 112 shares during the last quarter. WPG Advisers LLC bought a new position in The Ensign Group during the 1st quarter worth approximately $27,000. Financial Management Professionals Inc. bought a new position in The Ensign Group during the 2nd quarter worth approximately $28,000. Finally, Opal Wealth Advisors LLC bought a new position in The Ensign Group during the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors 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 value of $120,442.00. Following the sale, the director directly owned 27,052 shares in the company, valued at $4,654,567.12. This trade represents a 2.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.90% of the stock is currently owned by corporate insiders.

The Ensign Group Trading Down 0.2%

Shares of NASDAQ ENSG opened at $175.93 on Friday. The company has a market cap of $10.15 billion, a price-to-earnings ratio of 31.93, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93. The Ensign Group, Inc. has a 12-month low of $118.73 and a 12-month high of $179.11. 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 stock's 50 day simple moving average is $168.47 and its 200 day simple moving average is $150.22.

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

The Ensign Group Announces Dividend

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 given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.1%. The ex-dividend date is Tuesday, September 30th. The Ensign Group's dividend payout ratio (DPR) is currently 4.54%.

Analyst Ratings Changes

A number of research analysts have commented on the company. UBS Group increased their target price on The Ensign Group from $195.00 to $205.00 and gave the stock a "buy" rating in a report on Tuesday, September 2nd. Truist Financial increased their target price on The Ensign Group from $155.00 to $165.00 and gave the stock a "hold" rating in a report on Monday, July 28th. Stephens increased their target price on The Ensign Group from $165.00 to $170.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of The Ensign Group in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $172.67.

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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