Jump Financial LLC Boosts Stake in 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 lifted its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 26.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,123 shares of the company's stock after acquiring an additional 12,161 shares during the period. Jump Financial LLC owned 0.10% of The Ensign Group worth $7,521,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ENSG. TCTC Holdings LLC lifted its holdings in shares of The Ensign Group by 116.7% during the 1st quarter. TCTC Holdings LLC now owns 208 shares of the company's stock worth $27,000 after acquiring an additional 112 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of The Ensign Group during the 1st quarter valued at $36,000. AdvisorNet Financial Inc purchased a new stake in shares of The Ensign Group during the 1st quarter valued at $38,000. Blue Trust Inc. grew its stake in shares of The Ensign Group by 39.0% during the 1st quarter. Blue Trust Inc. now owns 467 shares of the company's stock valued at $60,000 after buying an additional 131 shares during the period. Finally, CWM LLC grew its stake in shares of The Ensign Group by 17.9% during the 1st quarter. CWM LLC now owns 585 shares of the company's stock valued at $76,000 after buying an additional 89 shares during the period. 96.12% of the stock is currently owned by hedge funds and other institutional investors.

The Ensign Group Stock Down 0.5%

The Ensign Group stock traded down $0.82 during trading on Friday, reaching $171.78. 407,261 shares of the company's stock were exchanged, compared to its average volume of 392,338. The company's 50-day moving average is $154.34 and its two-hundred day moving average is $141.96. 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 52-week low of $118.73 and a 52-week high of $173.62. The firm has a market cap of $9.91 billion, a price-to-earnings ratio of 31.18, a PEG ratio of 1.97 and a beta of 1.02.

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, topping analysts' consensus estimates 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 period in the prior year, the company earned $1.32 EPS. The firm'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. On average, analysts predict that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

The Ensign Group Cuts Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Truist Financial boosted their price objective on shares of The Ensign Group from $155.00 to $165.00 and gave the company a "hold" rating in a research note on Monday, July 28th. UBS Group reissued a "buy" rating and set a $195.00 price objective (up from $185.00) on shares of The Ensign Group in a research note on Thursday, August 14th. Stephens boosted their price objective on shares of The Ensign Group from $165.00 to $170.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Finally, Macquarie lowered their price objective on shares of The Ensign Group from $159.00 to $156.00 and set an "outperform" rating for the company in a research note on Friday, May 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.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $171.00.

Insider Buying and Selling at The Ensign Group

In other The Ensign Group news, VP Beverly B. Wittekind sold 4,719 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $155.00, for a total value of $731,445.00. Following the completion of the transaction, the vice president directly owned 38,679 shares of the company's stock, valued at $5,995,245. This represents a 10.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Barry M. Smith sold 700 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $153.48, for a total transaction of $107,436.00. Following the completion of the transaction, the director directly owned 27,852 shares of the company's stock, valued at approximately $4,274,724.96. The trade was a 2.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,798 shares of company stock valued at $2,080,733 in the last ninety days. Insiders own 3.90% of the company's stock.

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.