US Bancorp DE Sells 1,513 Shares of The Ensign Group, Inc. $ENSG

by · The Markets Daily

US Bancorp DE lessened its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG – Free Report) by 25.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,380 shares of the company’s stock after selling 1,513 shares during the quarter. US Bancorp DE’s holdings in The Ensign Group were worth $676,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ENSG. Crow s Nest Holdings LP bought a new position in The Ensign Group during the first quarter valued at approximately $56,936,000. American Century Companies Inc. raised its position in The Ensign Group by 1,235.5% during the first quarter. American Century Companies Inc. now owns 468,575 shares of the company’s stock valued at $60,634,000 after acquiring an additional 433,489 shares in the last quarter. Voya Investment Management LLC raised its position in The Ensign Group by 1,546.6% during the first quarter. Voya Investment Management LLC now owns 273,489 shares of the company’s stock valued at $35,389,000 after acquiring an additional 256,880 shares in the last quarter. Nuveen LLC acquired a new position in The Ensign Group during the first quarter valued at approximately $32,429,000. Finally, Wellington Management Group LLP grew its holdings in The Ensign Group by 17.6% during the first quarter. Wellington Management Group LLP now owns 683,650 shares of the company’s stock valued at $88,464,000 after purchasing an additional 102,089 shares during the last quarter. Institutional investors own 96.12% of the company’s stock.

Insider Activity

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of The Ensign Group 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 in the company, valued at $4,654,567.12. The trade was a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.90% of the company’s stock.

The Ensign Group Trading Up 1.4%

Shares of The Ensign Group stock opened at $182.04 on Monday. The company’s fifty day simple moving average is $171.01 and its 200-day simple moving average is $152.52. The company has a market cap of $10.50 billion, a price-to-earnings ratio of 33.04, a PEG ratio of 2.09 and a beta of 0.93. 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 Ensign Group, Inc. has a 1 year low of $118.73 and a 1 year high of $182.29.

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

The Ensign Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a $0.0625 dividend. 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 dividend payout ratio (DPR) is presently 4.54%.

Analyst Ratings Changes

Several brokerages have commented on ENSG. UBS Group increased their price target on The Ensign Group from $195.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of The Ensign Group in a report on Wednesday, October 8th. Stephens increased their price target on The Ensign Group from $165.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Finally, Truist Financial set a $190.00 price target on The Ensign Group in a report on Tuesday, October 14th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, The Ensign Group currently has an average rating of “Moderate Buy” and a consensus price target of $176.83.

View Our Latest Research Report on ENSG

The Ensign Group Company Profile

(Free Report)

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.

Further Reading

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