The Ensign Group's (ENSG) Buy (B) Rating Reiterated at Weiss Ratings

Key Points

• The Ensign Group (NASDAQ: ESG) received a restated "buy" rating from Weiss Ratings, alongside positive target price adjustments from other analysts.
• The company recently reported earnings of $1.59 per share, exceeding estimates, with revenue up 18.5% year-over-year.
• Insider trading activity included the sale of 700 shares by Director Barry M. Smith, indicating a 2.52% decrease in his ownership position.

The Ensign Group (NASDAQ:ENSG - Get Free Report)'s stock had its "buy (b)" rating restated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Other analysts have also recently issued reports about the stock. UBS Group raised their target price on shares of The Ensign Group from $195.00 to $205.00 and gave the stock a "buy" rating in a report on Tuesday, September 2nd. Stephens raised their target price on shares of The Ensign Group from $165.00 to $170.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Finally, Truist Financial raised their target price on shares of The Ensign Group from $155.00 to $165.00 and gave the stock a "hold" rating in a report on Monday, July 28th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $172.67.

The Ensign Group Trading Down 0.1%

The Ensign Group stock opened at $176.35 on Wednesday. The firm has a 50 day simple moving average of $167.95 and a 200-day simple moving average of $149.91. 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 stock has a market capitalization of $10.18 billion, a PE ratio of 32.01, a price-to-earnings-growth ratio of 2.03 and a beta of 0.93. The Ensign Group has a 12-month low of $118.73 and a 12-month high of $179.11.

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, beating the consensus estimate of $1.54 by $0.05. The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.22 billion. The Ensign Group had a net margin of 6.99% and a return on equity of 16.92%. The business's revenue was up 18.5% on a year-over-year basis. During the same period last year, the firm posted $1.32 earnings per share. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. As a group, equities research analysts expect that The Ensign Group will post 5.59 EPS for the current fiscal year.

Insider Buying and Selling

In related news, 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 completion of the transaction, the director owned 27,052 shares of the company's stock, valued at approximately $4,654,567.12. This trade represents a 2.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.90% of the company's stock.

Institutional Investors Weigh In On The Ensign Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. bought a new position in shares of The Ensign Group during the 2nd quarter valued at $28,000. Rise Advisors LLC raised its holdings in shares of The Ensign Group by 114.0% during the 1st quarter. Rise Advisors LLC now owns 199 shares of the company's stock valued at $26,000 after purchasing an additional 106 shares in the last quarter. WPG Advisers LLC bought a new position in shares of The Ensign Group during the 1st quarter valued at $27,000. TCTC Holdings LLC raised 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 valued at $27,000 after purchasing an additional 112 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of The Ensign Group by 638.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 229 shares of the company's stock valued at $35,000 after purchasing an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 96.12% 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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