Oak Ridge Investments LLC Lowers Stake in The Ensign Group, Inc. $ENSG

Oak Ridge Investments LLC lowered its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,349 shares of the company’s stock after selling 998 shares during the quarter. Oak Ridge Investments LLC owned 0.05% of The Ensign Group worth $4,682,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Louisiana State Employees Retirement System raised its position in shares of The Ensign Group by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the company’s stock valued at $2,484,000 after buying an additional 100 shares in the last quarter. KLP Kapitalforvaltning AS raised its position in The Ensign Group by 2.5% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 12,500 shares of the company’s stock worth $1,929,000 after purchasing an additional 300 shares during the period. Belpointe Asset Management LLC purchased a new position in The Ensign Group in the 2nd quarter worth $594,000. QRG Capital Management Inc. raised its position in The Ensign Group by 5.2% in the 2nd quarter. QRG Capital Management Inc. now owns 6,130 shares of the company’s stock worth $946,000 after purchasing an additional 305 shares during the period. Finally, Fortis Capital Advisors LLC purchased a new position in The Ensign Group in the 2nd quarter worth $594,000. Hedge funds and other institutional investors own 96.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Stephens lifted their target price on shares of The Ensign Group from $165.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Truist Financial lifted their target price on shares of The Ensign Group from $155.00 to $165.00 and gave the stock a “hold” rating in a research report on Monday, July 28th. UBS Group lifted their target price on shares of 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, Weiss Ratings reiterated a “buy (b)” rating on shares of The Ensign Group in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $172.67.

The Ensign Group Price Performance

Shares of The Ensign Group stock opened at $175.34 on Friday. The firm has a market cap of $10.12 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 2.01 and a beta of 0.93. The Ensign Group, Inc. has a 12-month low of $118.73 and a 12-month high of $179.11. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.07. The company’s fifty day simple moving average is $168.94 and its two-hundred day simple moving average is $150.69.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.22 billion. The Ensign Group had a net margin of 6.99% and a return on equity of 16.92%. The company’s revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.32 EPS. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. As a group, equities 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 announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The Ensign Group’s payout ratio is presently 4.54%.

Insider Buying and Selling at The Ensign Group

In other news, Director Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction dated 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. The trade was a 2.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.90% of the company’s stock.

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.