Vest Financial LLC Increases Position in The Ensign Group, Inc. $ENSG

Key Points

• Vest Financial LLC has increased its stake in The Ensign Group by 24.9% during the 2nd quarter, owning a total of 22,415 shares valued at $3.46 million by quarter-end.
• The Ensign Group reported a quarterly EPS of $1.59, exceeding estimates, and an 18.5% year-over-year revenue growth, with projections for FY 2025 guidance set at $6.340-6.460 EPS.
• A quarterly dividend of $0.0625 per share is scheduled for distribution to stockholders on October 31st, representing an annualized dividend yield of 0.1%.

Vest Financial LLC boosted its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 24.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,415 shares of the company's stock after buying an additional 4,472 shares during the quarter. Vest Financial LLC's holdings in The Ensign Group were worth $3,458,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its holdings in The Ensign Group by 23.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,298 shares of the company's stock valued at $1,074,000 after buying an additional 1,564 shares during the last quarter. QRG Capital Management Inc. increased its holdings in The Ensign Group by 1.6% in the first quarter. QRG Capital Management Inc. now owns 5,825 shares of the company's stock valued at $754,000 after buying an additional 92 shares during the last quarter. KBC Group NV increased its holdings in The Ensign Group by 10.7% in the first quarter. KBC Group NV now owns 2,506 shares of the company's stock valued at $324,000 after buying an additional 243 shares during the last quarter. New York State Teachers Retirement System increased its holdings in The Ensign Group by 0.8% in the first quarter. New York State Teachers Retirement System now owns 36,529 shares of the company's stock valued at $4,727,000 after buying an additional 300 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in The Ensign Group in the first quarter valued at about $343,000. 96.12% of the stock is owned by institutional investors.

The Ensign Group Stock Performance

Shares of NASDAQ ENSG opened at $178.00 on Wednesday. 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 stock has a 50 day simple moving average of $169.78 and a 200-day simple moving average of $151.37. The company has a market cap of $10.27 billion, a PE ratio of 32.30, a P/E/G ratio of 2.03 and a beta of 0.93. The Ensign Group, Inc. has a 12-month low of $118.73 and a 12-month high of $179.27.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last issued its quarterly earnings data 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 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 business's revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.32 earnings per share. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. On average, equities research analysts forecast that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.0625 per share. The ex-dividend date 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 currently 4.54%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ENSG. Weiss Ratings reissued a "buy (b)" rating on shares of The Ensign Group in a report on Wednesday, October 8th. UBS Group lifted their target price on The Ensign Group from $195.00 to $205.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd. Stephens lifted their target price on 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, Truist Financial set a $190.00 target price on The Ensign Group in a research note on Tuesday. Six investment 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.com, the company presently has an average rating of "Moderate Buy" and an average target price of $176.83.

Insider Activity

In other news, Director Barry M. Smith sold 700 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $172.06, for a total transaction of $120,442.00. Following the completion of the transaction, the director directly owned 27,052 shares in the company, 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 filing with the SEC, which is accessible through the SEC website. Corporate 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.

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