Petrus Trust Company LTA Buys New Holdings in The Ensign Group, Inc. $ENSG

Key Points

• Petrus Trust Company LTA recently acquired a new stake in The Ensign Group, purchasing 5,042 shares valued at approximately $652,000.
• Several institutional investors increased their holdings in The Ensign Group, with Graham Capital Management L.P. boosting its stake by 65.7% during the same quarter.
• The company reported a net margin of 6.99% and revenue of $1.23 billion, reflecting an 18.5% increase from the previous year, while surpassing analyst estimates.

Petrus Trust Company LTA bought a new stake in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,042 shares of the company's stock, valued at approximately $652,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in The Ensign Group by 18.7% in the first quarter. NewEdge Advisors LLC now owns 27,090 shares of the company's stock valued at $3,505,000 after acquiring an additional 4,272 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in The Ensign Group by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,860 shares of the company's stock valued at $4,640,000 after acquiring an additional 1,408 shares during the last quarter. Crow s Nest Holdings LP acquired a new position in The Ensign Group in the first quarter valued at $56,936,000. Graham Capital Management L.P. boosted its holdings in The Ensign Group by 65.7% in the first quarter. Graham Capital Management L.P. now owns 37,255 shares of the company's stock valued at $4,821,000 after acquiring an additional 14,772 shares during the last quarter. Finally, WPG Advisers LLC acquired a new position in The Ensign Group in the first quarter valued at $27,000. Institutional investors and hedge funds own 96.12% of the company's stock.

Insider Transactions at The Ensign Group

In other news, Director Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $172.06, for a total transaction 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. The trade was a 2.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Suzanne D. Snapper sold 8,379 shares of The Ensign Group stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $148.21, for a total value of $1,241,851.59. Following the sale, the chief financial officer directly owned 269,692 shares in the company, valued at approximately $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. Over the last ninety days, insiders have sold 14,498 shares of company stock valued at $2,201,175. 3.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Stephens lifted their target price 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 objective on The Ensign Group from $155.00 to $165.00 and gave the stock a "hold" rating in a research note on Monday, July 28th. Finally, UBS Group boosted their price objective on The Ensign Group from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Tuesday, September 2nd. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $172.67.

The Ensign Group Trading Up 0.6%

Shares of ENSG opened at $173.99 on Friday. The stock's 50-day moving average is $156.29 and its two-hundred day moving average is $143.50. The stock has a market cap of $10.04 billion, a PE ratio of 31.58, a P/E/G ratio of 2.00 and a beta of 0.93. The Ensign Group, Inc. has a 12 month low of $118.73 and a 12 month high of $174.98. 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 (NASDAQ:ENSG - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $1.59 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the company earned $1.32 earnings per share. The company's revenue for the quarter 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. Equities analysts forecast that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders 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 dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, June 30th. The Ensign Group's payout ratio is presently 4.54%.

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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