Intech Investment Management LLC Purchases 3,894 Shares of The Ensign Group, Inc. $ENSG

Key Points

• Intech Investment Management LLC increased its stake in The Ensign Group by 16.5%, owning 27,485 shares worth $3.56 million as of the last reporting period.
• The Ensign Group reported a quarterly earnings per share (EPS) of $1.59, exceeding analyst expectations of $1.54, with revenue reaching $1.23 billion.
• The company's recent quarterly dividend was set at $0.0625 per share, translating to a 0.1% dividend yield and a payout ratio of 4.54%.

Intech Investment Management LLC grew its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 16.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,485 shares of the company's stock after acquiring an additional 3,894 shares during the quarter. Intech Investment Management LLC's holdings in The Ensign Group were worth $3,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Crow s Nest Holdings LP bought a new stake in shares of The Ensign Group during the first quarter valued at about $56,936,000. American Century Companies Inc. boosted its stake in The Ensign Group by 1,235.5% in the first quarter. American Century Companies Inc. now owns 468,575 shares of the company's stock worth $60,634,000 after buying an additional 433,489 shares in the last quarter. GAMMA Investing LLC boosted its stake in The Ensign Group by 14,683.7% in the first quarter. GAMMA Investing LLC now owns 338,252 shares of the company's stock worth $43,770,000 after buying an additional 335,964 shares in the last quarter. Nuveen LLC purchased a new stake in The Ensign Group in the first quarter worth approximately $32,429,000. Finally, Wellington Management Group LLP boosted its stake in 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 in the last quarter. 96.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on ENSG. Truist Financial boosted their price objective on The Ensign Group from $155.00 to $165.00 and gave the company a "hold" rating in a research report on Monday, July 28th. Stephens boosted their price objective on The Ensign Group from $165.00 to $170.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Finally, UBS Group boosted their price objective on The Ensign Group from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Tuesday, September 2nd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, The Ensign Group currently has a consensus rating of "Moderate Buy" and an average price target of $172.67.

The Ensign Group Stock Up 0.7%

ENSG traded up $1.13 during trading on Thursday, reaching $167.07. The stock had a trading volume of 239,385 shares, compared to its average volume of 330,796. The stock's 50 day moving average is $159.70 and its two-hundred day moving average is $145.73. 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 company has a market capitalization of $9.64 billion, a price-to-earnings ratio of 30.32, a P/E/G ratio of 1.90 and a beta of 0.93. The Ensign Group, Inc. has a one year low of $118.73 and a one year high of $174.98.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.05. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. The Ensign Group had a return on equity of 16.92% and a net margin of 6.99%.The firm's quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.32 earnings per share. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. As a group, analysts expect that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

Insider Activity

In related news, CFO Suzanne D. Snapper sold 8,379 shares of The Ensign Group stock in a transaction that occurred 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 sale, the chief financial officer 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barry M. Smith sold 700 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $172.06, for a total value of $120,442.00. Following the transaction, the director owned 27,052 shares of the company's stock, valued at $4,654,567.12. This represents a 2.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,779 shares of company stock valued at $1,469,730 over the last quarter. 3.90% of the stock is owned by corporate insiders.

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.