The Ensign Group, Inc. $ENSG Shares Purchased by Focus Partners Wealth

Key Points

• Focus Partners Wealth increased its stake in The Ensign Group, Inc. by 27.1%, now owning 144,131 shares valued at approximately $18.65 million.
• The Ensign Group reported a quarterly earnings per share (EPS) of $1.59, surpassing estimates, with revenues increasing by 18.5% year over year.
• Analysts have raised their price targets for The Ensign Group, with a consensus average target now at $172.67, indicating a generally positive outlook on the stock.

Focus Partners Wealth grew its holdings in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 27.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 144,131 shares of the company's stock after purchasing an additional 30,763 shares during the quarter. Focus Partners Wealth owned approximately 0.25% of The Ensign Group worth $18,651,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rise Advisors LLC boosted its position in The Ensign Group by 114.0% during the 1st quarter. Rise Advisors LLC now owns 199 shares of the company's stock valued at $26,000 after acquiring an additional 106 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of The Ensign Group during the 1st quarter worth $27,000. TCTC Holdings LLC boosted its position in The Ensign Group by 116.7% during the first quarter. TCTC Holdings LLC now owns 208 shares of the company's stock valued at $27,000 after purchasing an additional 112 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in The Ensign Group in the first quarter valued at about $36,000. Finally, AdvisorNet Financial Inc bought a new position in The Ensign Group in the first quarter worth about $38,000. 96.12% of the stock is currently owned by institutional investors.

Insider Activity at The Ensign Group

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were 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 of the company's stock, valued at approximately $4,654,567.12. This represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Suzanne D. Snapper sold 8,379 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer directly 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. Over the last 90 days, insiders have sold 9,779 shares of company stock valued at $1,469,730. Company insiders own 3.90% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Truist Financial raised their price target on shares of The Ensign Group from $155.00 to $165.00 and gave the company a "hold" rating in a report on Monday, July 28th. UBS Group raised their target price on shares of The Ensign Group from $195.00 to $205.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd. Finally, Stephens upped their price target 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. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, The Ensign Group has an average rating of "Moderate Buy" and an average price target of $172.67.

The Ensign Group Stock Performance

ENSG stock traded up $1.79 during midday trading on Thursday, reaching $167.73. The stock had a trading volume of 58,677 shares, compared to its average volume of 419,896. The stock has a market cap of $9.68 billion, a PE ratio of 30.44, a P/E/G ratio of 1.89 and a beta of 0.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a fifty day simple moving average of $159.27 and a two-hundred day simple moving average of $145.48. The Ensign Group, Inc. has a 52-week low of $118.73 and a 52-week high of $174.98.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.59 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the business earned $1.32 EPS. The company'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. As a group, equities research analysts anticipate that The Ensign Group, Inc. will post 5.59 EPS for the current year.

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.