Voya Investment Management LLC Increases Holdings in The Ensign Group, Inc. $ENSG

Key Points

• Voya Investment Management LLC increased its stake in The Ensign Group by 1,546.6% during the first quarter, holding 273,489 shares valued at approximately $35.4 million.
• The stock has received positive ratings from analysts, with a consensus rating of "Moderate Buy" and a price target averaging $172.67.
• The Ensign Group announced a quarterly dividend of $0.0625 per share, resulting in an annualized yield of 0.1%.

Voya Investment Management LLC raised its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 1,546.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 273,489 shares of the company's stock after acquiring an additional 256,880 shares during the quarter. Voya Investment Management LLC owned approximately 0.48% of The Ensign Group worth $35,389,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its position in The Ensign Group by 23.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,298 shares of the company's stock valued at $1,074,000 after acquiring an additional 1,564 shares in the last quarter. QRG Capital Management Inc. boosted its position 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 valued at $324,000 after acquiring an additional 243 shares in the last quarter. New York State Teachers Retirement System boosted its position in The Ensign Group by 0.8% during the 1st quarter. New York State Teachers Retirement System now owns 36,529 shares of the company's stock valued at $4,727,000 after acquiring an additional 300 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in The Ensign Group during the 1st quarter valued at approximately $343,000. 96.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ENSG has been the topic of several research reports. Stephens lifted 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. UBS Group boosted their price target on The Ensign Group from $195.00 to $205.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. Finally, Truist Financial boosted their price target on The Ensign Group from $155.00 to $165.00 and gave the stock a "hold" rating in a research report on Monday, July 28th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $172.67.

The Ensign Group Stock Up 0.9%

NASDAQ ENSG traded up $1.45 during mid-day trading on Thursday, reaching $167.39. The stock had a trading volume of 50,059 shares, compared to its average volume of 419,845. The Ensign Group, Inc. has a 1 year low of $118.73 and a 1 year high of $174.98. The stock has a market cap of $9.66 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 1.89 and a beta of 0.93. The company has a fifty day moving average price of $159.27 and a 200 day moving average price of $145.48. 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 Ensign Group (NASDAQ:ENSG - Get Free Report) last announced its quarterly earnings data 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 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 EPS. The firm's revenue for the quarter 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, research analysts expect that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Suzanne D. Snapper sold 8,379 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $148.21, for a total value of $1,241,851.59. Following the completion of the transaction, the chief financial officer directly owned 269,692 shares in the company, valued at $39,971,051.32. The trade was a 3.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the director owned 27,052 shares of the company's stock, valued at approximately $4,654,567.12. This represents a 2.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,779 shares of company stock valued at $1,469,730. 3.90% of the stock is owned by company insiders.

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.