Deutsche Bank AG Decreases Holdings in The Ensign Group, Inc. $ENSG

Key Points

• Deutsche Bank AG reduced its position in The Ensign Group by 9.1%, owning approximately 0.08% of the company, valued at $5.74 million after selling shares in the 1st quarter.
• Truist Financial and Stephens boosted their price targets for The Ensign Group, with the average price target now at $171.00 and five analysts rating the stock as a buy.
• The Ensign Group reported $1.59 earnings per share, exceeding expectations, with quarterly revenue growth of 18.5% year-over-year, despite a recent cut to its quarterly dividend.

Deutsche Bank AG reduced its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 9.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,337 shares of the company's stock after selling 4,458 shares during the period. Deutsche Bank AG owned 0.08% of The Ensign Group worth $5,737,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ENSG. TCTC Holdings LLC raised 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 valued at $27,000 after acquiring an additional 112 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in The Ensign Group in the 1st quarter valued at $36,000. AdvisorNet Financial Inc acquired a new position in The Ensign Group in the 1st quarter valued at $38,000. Blue Trust Inc. raised its holdings in The Ensign Group by 39.0% in the 1st quarter. Blue Trust Inc. now owns 467 shares of the company's stock valued at $60,000 after acquiring an additional 131 shares during the last quarter. Finally, CWM LLC raised its holdings 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 during the last quarter. 96.12% of the stock is currently owned by institutional investors and hedge funds.

The Ensign Group Trading Up 0.1%

Shares of NASDAQ ENSG traded up $0.23 during trading on Thursday, hitting $169.24. 246,807 shares of the company traded hands, compared to its average volume of 501,738. The Ensign Group, Inc. has a 1 year low of $118.73 and a 1 year high of $170.37. The company has a 50-day moving average price of $152.23 and a 200-day moving average price of $140.40. The firm has a market capitalization of $9.77 billion, a P/E ratio of 30.72, a P/E/G ratio of 1.94 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.05. The Ensign Group had a net margin of 6.99% and a return on equity of 16.92%. The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same period in the previous year, the company earned $1.32 EPS. 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. On average, equities analysts predict that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors 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 of this dividend was Monday, June 30th. The Ensign Group's dividend payout ratio is 4.54%.

Insider Buying and Selling

In related news, Director Barry M. Smith sold 700 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $153.48, for a total transaction of $107,436.00. Following the completion of the sale, the director directly owned 27,852 shares of the company's stock, valued at approximately $4,274,724.96. This represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Beverly B. Wittekind sold 4,719 shares of the company'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 sale, the vice president directly owned 38,679 shares of the company's stock, valued at approximately $5,995,245. This trade represents a 10.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,798 shares of company stock valued at $2,080,733. Company insiders own 3.90% of the company's stock.

Analyst Ratings Changes

ENSG has been the subject of several analyst reports. UBS Group reiterated a "buy" rating and issued a $195.00 price target (up from $185.00) on shares of The Ensign Group in a report on Thursday, August 14th. Stephens boosted their price target on The Ensign Group from $165.00 to $170.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Truist Financial boosted their price target on The Ensign Group from $155.00 to $165.00 and gave the company a "hold" rating in a report on Monday, July 28th. Finally, Macquarie cut their price target 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 given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $171.00.

The Ensign Group 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.