Jump Financial LLC Purchases 12,161 Shares of The Ensign Group, Inc. $ENSG

Key Points

• Jump Financial LLC increased its stake in The Ensign Group by 26.5% during the first quarter, owning 58,123 shares valued at approximately $7.5 million.
• The Ensign Group reported earnings per share of $1.59 for the latest quarter, exceeding estimates, and projected FY 2025 guidance of $6.340-6.460 EPS.
• Insider selling activity included VP Beverly B. Wittekind and Director Barry M. Smith, who sold shares valued at approximately $731,445 and $107,436, respectively.

Jump Financial LLC boosted its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 26.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,123 shares of the company's stock after purchasing an additional 12,161 shares during the period. Jump Financial LLC owned about 0.10% of The Ensign Group worth $7,521,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. AlphaQuest LLC raised its holdings in The Ensign Group by 45.5% during the 1st quarter. AlphaQuest LLC now owns 4,402 shares of the company's stock valued at $570,000 after acquiring an additional 1,376 shares during the period. Candriam S.C.A. raised its holdings in The Ensign Group by 57.1% during the 1st quarter. Candriam S.C.A. now owns 43,777 shares of the company's stock valued at $5,665,000 after acquiring an additional 15,912 shares during the period. Osterweis Capital Management Inc. bought a new stake in The Ensign Group during the 1st quarter valued at $6,623,000. Credit Agricole S A raised its holdings in The Ensign Group by 80.2% during the 1st quarter. Credit Agricole S A now owns 11,940 shares of the company's stock valued at $1,545,000 after acquiring an additional 5,314 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in The Ensign Group during the 1st quarter valued at $84,000. Hedge funds and other institutional investors own 96.12% of the company's stock.

Analysts Set New Price Targets

ENSG has been the topic of a number of analyst reports. Stephens boosted their target price on shares of 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 target price on shares of The Ensign Group from $155.00 to $165.00 and gave the company a "hold" rating in a report on Monday, July 28th. UBS Group reissued a "buy" rating and set a $195.00 target price (up previously from $185.00) on shares of The Ensign Group in a report on Thursday, August 14th. Finally, Macquarie decreased their price target on shares of The Ensign Group from $159.00 to $156.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $171.00.

The Ensign Group Price Performance

Shares of The Ensign Group stock traded down $0.73 during trading on Friday, hitting $171.88. The stock had a trading volume of 323,691 shares, compared to its average volume of 427,413. The Ensign Group, Inc. has a 12 month low of $118.73 and a 12 month high of $173.62. The business's 50-day moving average is $153.98 and its 200 day moving average is $141.56. The firm has a market cap of $9.92 billion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 1.98 and a beta of 1.02. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.07.

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 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 analyst estimates of $1.22 billion. During the same period in the previous year, the business earned $1.32 earnings per share. The firm's quarterly revenue 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. As a group, sell-side analysts anticipate that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

The Ensign Group Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were given a $0.0625 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.25 annualized dividend and a yield of 0.1%. The Ensign Group's payout ratio is 4.54%.

Insider Buying and Selling

In other The Ensign Group news, CFO Suzanne D. Snapper sold 8,379 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $148.21, for a total transaction of $1,241,851.59. Following the completion of the sale, the chief financial officer directly owned 269,692 shares in the company, valued at $39,971,051.32. This represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Barry M. Smith sold 700 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $153.48, for a total transaction of $107,436.00. Following the sale, the director owned 27,852 shares of the company's stock, valued at approximately $4,274,724.96. This represents a 2.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,798 shares of company stock worth $2,080,733. Corporate 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.