Laurus Global Equity Management Inc. Sells 2,120 Shares of The Ensign Group, Inc. $ENSG

Key Points

• Laurus Global Equity Management Inc. reduced its stake in The Ensign Group by 9.4%, owning 20,440 shares after selling 2,120 shares during the second quarter.
• The Ensign Group recently reported earnings of $1.59 per share for the quarter, exceeding estimates, with an 18.5% increase in revenue year-over-year.
• Six analysts have a Buy rating for The Ensign Group, indicating strong market confidence, with a consensus price target of $172.67.

Laurus Global Equity Management Inc. lowered its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 9.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,440 shares of the company's stock after selling 2,120 shares during the quarter. The Ensign Group comprises 2.1% of Laurus Global Equity Management Inc.'s holdings, making the stock its 12th largest holding. Laurus Global Equity Management Inc.'s holdings in The Ensign Group were worth $3,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Rise Advisors LLC boosted its holdings in shares of The Ensign Group by 114.0% in the 1st quarter. Rise Advisors LLC now owns 199 shares of the company's stock valued at $26,000 after buying an additional 106 shares in the last quarter. TCTC Holdings LLC boosted its stake in The Ensign Group by 116.7% in the first quarter. TCTC Holdings LLC now owns 208 shares of the company's stock valued at $27,000 after acquiring an additional 112 shares in the last quarter. WPG Advisers LLC purchased a new position in The Ensign Group in the first quarter worth $27,000. Financial Management Professionals Inc. acquired a new position in shares of The Ensign Group during the second quarter worth $28,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of The Ensign Group during the first quarter worth $36,000. 96.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ENSG has been the subject of a number of recent analyst reports. Stephens raised 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 stock a "hold" rating in a report on Monday, July 28th. Weiss Ratings restated a "buy (b)" rating on shares of The Ensign Group in a report on Saturday, September 27th. Finally, UBS Group lifted their target price on shares of The Ensign Group from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Tuesday, September 2nd. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $172.67.

The Ensign Group Stock Up 0.8%

ENSG opened at $175.40 on Monday. The company has a fifty day moving average of $166.33 and a two-hundred day moving average of $149.20. 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 Ensign Group, Inc. has a fifty-two week low of $118.73 and a fifty-two week high of $176.59. The stock has a market capitalization of $10.12 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.01 and a beta of 0.93.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last announced 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 firm had revenue of $1.23 billion during 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 Ensign Group's revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.32 EPS. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. On average, research analysts expect that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

The Ensign Group Announces Dividend

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

Insiders Place Their Bets

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 stock was sold at an average price of $172.06, for a total value of $120,442.00. Following the completion of the sale, the director directly owned 27,052 shares in the company, valued at $4,654,567.12. This represents a 2.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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.

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