The Ensign Group, Inc. $ENSG Position Reduced by Values First Advisors Inc.

Key Points

• Values First Advisors Inc. reduced its holdings in The Ensign Group by 21.0%, now owning 20,715 shares valued at approximately $3.2 million.
• The Ensign Group recently reported quarterly earnings of $1.59 per share, surpassing expectations and showing an 18.5% revenue increase year-over-year.
• The company declared a quarterly dividend of $0.0625 per share, which will be paid on October 31st to shareholders of record.

Values First Advisors Inc. decreased its holdings in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 21.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 20,715 shares of the company's stock after selling 5,496 shares during the period. The Ensign Group makes up about 1.7% of Values First Advisors Inc.'s investment portfolio, making the stock its 8th largest position. Values First Advisors Inc.'s holdings in The Ensign Group were worth $3,196,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Crow s Nest Holdings LP purchased a new stake in shares of The Ensign Group during the first quarter valued at approximately $56,936,000. American Century Companies Inc. raised its stake in shares of The Ensign Group by 1,235.5% during the first quarter. American Century Companies Inc. now owns 468,575 shares of the company's stock valued at $60,634,000 after purchasing an additional 433,489 shares during the period. Voya Investment Management LLC raised its stake in shares of The Ensign Group by 1,546.6% during the first quarter. Voya Investment Management LLC now owns 273,489 shares of the company's stock valued at $35,389,000 after purchasing an additional 256,880 shares during the period. Nuveen LLC purchased a new stake in shares of The Ensign Group during the first quarter valued at approximately $32,429,000. Finally, Wellington Management Group LLP increased its stake in shares of The Ensign Group by 17.6% in the first quarter. Wellington Management Group LLP now owns 683,650 shares of the company's stock worth $88,464,000 after buying an additional 102,089 shares during the last quarter. Hedge funds and other institutional investors own 96.12% of the company's stock.

Insider Activity

In other news, Director Barry M. Smith sold 700 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $172.06, for a total transaction of $120,442.00. Following the completion of the transaction, the director 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 SEC, which can be accessed through the SEC website. Company insiders own 3.90% of the company's stock.

The Ensign Group Stock Performance

The Ensign Group stock opened at $179.47 on Friday. The Ensign Group, Inc. has a 12 month low of $118.73 and a 12 month high of $180.30. The company has a market cap of $10.36 billion, a PE ratio of 32.57, a P/E/G ratio of 2.04 and a beta of 0.93. 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 company has a fifty day moving average price of $170.58 and a two-hundred day moving average price of $151.89.

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 (EPS) for the quarter, beating 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 company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company posted $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. 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 declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The Ensign Group's payout ratio is 4.54%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. UBS Group lifted their price target 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. Weiss Ratings restated a "buy (b)" rating on shares of The Ensign Group in a research note on Wednesday, October 8th. Stephens lifted their price target on shares of 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, Truist Financial set a $190.00 price objective on shares of The Ensign Group in a report on Tuesday. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, The Ensign Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $176.83.

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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