Fortis Capital Advisors LLC Makes New $594,000 Investment in The Ensign Group, Inc. $ENSG

Key Points

• Fortis Capital Advisors LLC has made a new investment of approximately $594,000 in The Ensign Group, acquiring 3,853 shares during the 2nd quarter.
• The Ensign Group's stock received several price target upgrades from analysts, with UBS increasing its target to $205.00 and Stephens adjusting theirs to $170.00.
• The company recently declared a quarterly dividend of $0.0625 per share, with a dividend yield of 0.1%, set to be paid on October 31st.

Fortis Capital Advisors LLC purchased a new position in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,853 shares of the company's stock, valued at approximately $594,000.

Several other large investors also recently bought and sold shares of the stock. Northern Trust Corp increased its holdings in The Ensign Group by 0.4% during the 1st quarter. Northern Trust Corp now owns 941,274 shares of the company's stock worth $121,801,000 after purchasing an additional 3,344 shares during the period. Van Berkom & Associates Inc. increased its holdings in shares of The Ensign Group by 14.1% in the 1st quarter. Van Berkom & Associates Inc. now owns 800,108 shares of the company's stock valued at $103,534,000 after acquiring an additional 99,147 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of The Ensign Group by 17.6% in the 1st quarter. Wellington Management Group LLP now owns 683,650 shares of the company's stock valued at $88,464,000 after acquiring an additional 102,089 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of 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 during the last quarter. Finally, Crow s Nest Holdings LP purchased a new position in shares of The Ensign Group in the 1st quarter valued at about $56,936,000. Hedge funds and other institutional investors own 96.12% of the company's stock.

Insider Activity at The Ensign Group

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 completion of the transaction, the director directly owned 27,052 shares of the company's stock, valued at $4,654,567.12. This trade represents a 2.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Suzanne D. Snapper sold 8,379 shares of the firm's stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 269,692 shares of the company's stock, valued at $39,971,051.32. The trade was a 3.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Stephens increased their price objective on The Ensign Group from $165.00 to $170.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Weiss Ratings reiterated a "buy (b)" rating on shares of The Ensign Group in a report on Saturday, September 27th. UBS Group increased their price objective on The Ensign Group from $195.00 to $205.00 and gave the company a "buy" rating in a report on Tuesday, September 2nd. Finally, Truist Financial increased their price objective on The Ensign Group from $155.00 to $165.00 and gave the company a "hold" rating in a report on Monday, July 28th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $172.67.

The Ensign Group Stock Up 0.8%

ENSG opened at $175.40 on Friday. 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 business has a 50 day simple moving average of $166.33 and a 200-day simple moving average of $149.06. The stock has a market capitalization of $10.12 billion, a P/E ratio of 31.83, a P/E/G ratio of 2.01 and a beta of 0.93. The Ensign Group, Inc. has a 12 month low of $118.73 and a 12 month high of $176.59.

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

The Ensign Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Tuesday, September 30th. The Ensign Group's dividend payout ratio (DPR) is currently 4.54%.

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.

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