Caitlin John LLC Sells 9,789 Shares of The Ensign Group, Inc. $ENSG

Key Points

• Caitlin John LLC significantly reduced its position in The Ensign Group by 63.2% during the first quarter, now owning 5,703 shares valued at approximately $738,000.
• The Ensign Group had a record revenue of $1.23 billion for the quarter, marking an 18.5% increase compared to the same quarter last year, and reported an earnings per share (EPS) of $1.59, exceeding estimates.
• The company recently cut its quarterly dividend to $0.0625 per share, resulting in an annualized dividend of $0.25 and a yield of 0.1%.

Caitlin John LLC decreased its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 63.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,703 shares of the company's stock after selling 9,789 shares during the period. Caitlin John LLC's holdings in The Ensign Group were worth $738,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ENSG. American Century Companies Inc. raised its holdings in 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 valued at $60,634,000 after acquiring an additional 433,489 shares in the last quarter. GAMMA Investing LLC raised its holdings in The Ensign Group by 14,683.7% in the 1st quarter. GAMMA Investing LLC now owns 338,252 shares of the company's stock valued at $43,770,000 after acquiring an additional 335,964 shares in the last quarter. Nuveen LLC acquired a new position in The Ensign Group in the 1st quarter valued at approximately $32,429,000. Northern Trust Corp raised its holdings in The Ensign Group by 26.7% in the 4th quarter. Northern Trust Corp now owns 937,930 shares of the company's stock valued at $124,613,000 after acquiring an additional 197,865 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of The Ensign Group in the 4th quarter worth approximately $22,777,000. Institutional investors and hedge funds own 96.12% of the company's stock.

Wall Street Analysts Forecast Growth

ENSG has been the subject of a number of recent research reports. UBS Group reissued a "buy" rating and issued a $195.00 target price (up from $185.00) on shares of The Ensign Group in a report on Thursday, August 14th. 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, Macquarie dropped their target price on The Ensign Group from $159.00 to $156.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, The Ensign Group currently has an average rating of "Moderate Buy" and a consensus price target of $171.00.

The Ensign Group Price Performance

ENSG stock traded up $0.20 during midday trading on Thursday, reaching $172.39. 119,989 shares of the company's stock traded hands, compared to its average volume of 426,790. The company has a 50-day simple moving average of $153.65 and a two-hundred day simple moving average of $141.26. The Ensign Group, Inc. has a 1-year low of $118.73 and a 1-year high of $173.62. The company has a market cap of $9.95 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 1.96 and a beta of 1.02. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.05. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company earned $1.32 EPS. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. On average, analysts anticipate that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

The Ensign Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, June 30th. The Ensign Group's dividend payout ratio (DPR) is presently 4.54%.

Insider Buying and Selling at The Ensign Group

In other The Ensign Group news, VP Beverly B. Wittekind sold 4,719 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $155.00, for a total value of $731,445.00. Following the transaction, the vice president directly owned 38,679 shares in the company, valued at approximately $5,995,245. This trade represents a 10.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barry M. Smith sold 700 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $153.48, for a total value of $107,436.00. Following the completion of the transaction, the director owned 27,852 shares in the company, valued at $4,274,724.96. The trade was a 2.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,798 shares of company stock worth $2,080,733. Insiders own 3.90% of the company's stock.

The Ensign Group Company 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.