Citigroup Inc. Has $7.42 Million Stock Holdings in The Ensign Group, Inc. $ENSG

Key Points

• Citigroup Inc. reduced its stake in The Ensign Group by 10.9% in the first quarter, now holding approximately 0.10% of the company valued at $7.4 million.
• The Ensign Group recently reported an 18.5% increase in revenue year-over-year, with earnings per share at $1.59, surpassing analyst estimates.
• The company declared a quarterly dividend of $0.0625, representing an annual yield of 0.2%, with a low payout ratio of 4.54%.

Citigroup Inc. lessened its holdings in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 10.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,329 shares of the company's stock after selling 6,980 shares during the quarter. Citigroup Inc. owned about 0.10% of The Ensign Group worth $7,418,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Forum Financial Management LP raised its holdings in shares of The Ensign Group by 5.8% during the 4th quarter. Forum Financial Management LP now owns 1,524 shares of the company's stock worth $202,000 after acquiring an additional 84 shares during the period. Wealth Alliance LLC grew its position in The Ensign Group by 4.6% in the 1st quarter. Wealth Alliance LLC now owns 1,971 shares of the company's stock valued at $255,000 after acquiring an additional 86 shares in the last quarter. CWM LLC grew its position in The Ensign Group by 17.9% in the 1st quarter. CWM LLC now owns 585 shares of the company's stock valued at $76,000 after acquiring an additional 89 shares in the last quarter. QRG Capital Management Inc. grew its position in shares of The Ensign Group by 1.6% during the first quarter. QRG Capital Management Inc. now owns 5,825 shares of the company's stock worth $754,000 after buying an additional 92 shares in the last quarter. Finally, Baird Financial Group Inc. grew its position in shares of The Ensign Group by 1.9% during the fourth quarter. Baird Financial Group Inc. now owns 5,384 shares of the company's stock worth $715,000 after buying an additional 99 shares in the last quarter. Institutional investors and hedge funds own 96.12% of the company's stock.

The Ensign Group Stock Up 0.1%

The Ensign Group stock traded up $0.23 during midday trading on Thursday, hitting $169.24. 246,807 shares of the company were exchanged, compared to its average volume of 501,738. The company's fifty day moving average price is $152.23 and its 200-day moving average price is $140.40. The company has a market cap of $9.77 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 1.94 and a beta of 1.02. 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, Inc. has a fifty-two week low of $118.73 and a fifty-two week high of $170.37.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $1.59 earnings per share for the quarter, beating 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 business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the business earned $1.32 EPS. The business's quarterly 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. On average, research analysts predict that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

The Ensign Group Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were given a dividend of $0.0625 per share. 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 payout ratio is 4.54%.

Analyst Ratings Changes

Several research firms recently weighed in on ENSG. UBS Group restated a "buy" rating and set a $195.00 target price (up previously from $185.00) on shares of The Ensign Group in a research note on Thursday, August 14th. Stephens increased their price objective on The Ensign Group from $165.00 to $170.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Truist Financial raised their price target on 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, Macquarie dropped their price objective on The Ensign Group from $159.00 to $156.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $171.00.

Insiders Place Their Bets

In other The Ensign Group news, VP Beverly B. Wittekind sold 4,719 shares of the business's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $155.00, for a total transaction of $731,445.00. Following the completion of the transaction, the vice president owned 38,679 shares in the company, valued at approximately $5,995,245. The trade was a 10.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Suzanne D. Snapper sold 8,379 shares of the company'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 completion of the sale, the chief financial officer owned 269,692 shares of the company's stock, valued at approximately $39,971,051.32. This trade represents a 3.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,798 shares of company stock worth $2,080,733. 3.90% of the stock is owned by company insiders.

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.