T. Rowe Price Investment Management Inc. Has $69.77 Million Position in The Ensign Group, Inc. $ENSG

Key Points

• T. Rowe Price Investment Management Inc. has reduced its stake in The Ensign Group by 21.5%, holding approximately 539,166 shares valued at $69.77 million.
• In its latest earnings report, The Ensign Group reported $1.59 earnings per share, exceeding analyst expectations, with quarterly revenue growth of 18.5% year-on-year.
• The company announced a quarterly dividend of $0.0625 per share, reflecting an annualized yield of 0.1%, while the payout ratio stands at 4.54%.

T. Rowe Price Investment Management Inc. lowered its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 21.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 539,166 shares of the company's stock after selling 147,367 shares during the period. T. Rowe Price Investment Management Inc. owned 0.94% of The Ensign Group worth $69,769,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its holdings in shares of The Ensign Group by 23.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,298 shares of the company's stock valued at $1,074,000 after buying an additional 1,564 shares during the last quarter. QRG Capital Management Inc. raised its stake in The Ensign Group by 1.6% during the 1st quarter. QRG Capital Management Inc. now owns 5,825 shares of the company's stock valued at $754,000 after acquiring an additional 92 shares in the last quarter. KBC Group NV boosted its position in The Ensign Group by 10.7% during the 1st quarter. KBC Group NV now owns 2,506 shares of the company's stock worth $324,000 after acquiring an additional 243 shares during the period. New York State Teachers Retirement System grew its stake in shares of The Ensign Group by 0.8% in the first quarter. New York State Teachers Retirement System now owns 36,529 shares of the company's stock worth $4,727,000 after purchasing an additional 300 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of The Ensign Group during the first quarter valued at $343,000. 96.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The Ensign Group

In other The Ensign Group news, VP Beverly B. Wittekind sold 4,719 shares of The Ensign Group stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $155.00, for a total value of $731,445.00. Following the sale, the vice president directly owned 38,679 shares in the company, valued at approximately $5,995,245. The trade was a 10.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Suzanne D. Snapper sold 8,379 shares of The Ensign Group stock in a transaction on Monday, July 7th. The stock was sold at an average price of $148.21, for a total transaction of $1,241,851.59. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,798 shares of company stock valued at $2,080,733 in the last 90 days. 3.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ENSG has been the topic of a number of research analyst reports. Macquarie lowered their price objective on shares of The Ensign Group from $159.00 to $156.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Truist Financial lifted their target price on shares of The Ensign Group from $155.00 to $165.00 and gave the stock a "hold" rating in a research report on Monday, July 28th. Stephens increased their price objective on The Ensign Group from $165.00 to $170.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Finally, UBS Group reaffirmed a "buy" rating and issued a $195.00 price target (up from $185.00) on shares of The Ensign Group in a research note on Thursday, August 14th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $171.00.

The Ensign Group Price Performance

Shares of NASDAQ ENSG traded up $0.13 during midday trading on Thursday, reaching $172.32. 70,799 shares of the company traded hands, compared to its average volume of 426,512. The stock's 50-day simple moving average is $153.65 and its 200-day simple moving average is $141.26. The Ensign Group, Inc. has a 12 month low of $118.73 and a 12 month high of $173.62. The firm has a market cap of $9.94 billion, a PE ratio of 31.27, a PEG ratio of 1.96 and a beta of 1.02. 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 (NASDAQ:ENSG - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $1.59 earnings per share for the quarter, topping 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 firm had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the previous year, the company posted $1.32 EPS. The Ensign Group's revenue was up 18.5% on a year-over-year basis. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. As a group, equities analysts anticipate that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Cuts Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The Ensign Group's dividend payout ratio is currently 4.54%.

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.