Crewe Advisors LLC Sells 17,138 Shares of The Ensign Group, Inc. $ENSG

Crewe Advisors LLC lowered its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 83.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,288 shares of the company’s stock after selling 17,138 shares during the quarter. Crewe Advisors LLC’s holdings in The Ensign Group were worth $507,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. DeDora Capital Inc. increased its position in shares of The Ensign Group by 5.2% during the 2nd quarter. DeDora Capital Inc. now owns 7,844 shares of the company’s stock valued at $1,210,000 after purchasing an additional 385 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in The Ensign Group in the 2nd quarter valued at $1,309,000. Huntleigh Advisors Inc. increased its stake in The Ensign Group by 5.6% in the second quarter. Huntleigh Advisors Inc. now owns 4,568 shares of the company’s stock worth $705,000 after purchasing an additional 244 shares during the period. Mutual Advisors LLC purchased a new stake in The Ensign Group in the second quarter worth $226,000. Finally, Equitable Trust Co. increased its stake in The Ensign Group by 59.6% in the second quarter. Equitable Trust Co. now owns 8,051 shares of the company’s stock worth $1,242,000 after purchasing an additional 3,005 shares during the period. Institutional investors own 96.12% of the company’s stock.

Insider Activity

In related news, Director Barry M. Smith sold 700 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was 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 $4,654,567.12. This trade represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.90% of the company’s stock.

Analyst Ratings Changes

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

The Ensign Group Price Performance

ENSG opened at $182.04 on Monday. The Ensign Group, Inc. has a 12-month low of $118.73 and a 12-month high of $182.29. 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 business’s fifty day simple moving average is $171.01 and its 200-day simple moving average is $152.52. The company has a market capitalization 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 Ensign Group (NASDAQ:ENSG) last posted 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 Ensign Group had a return on equity of 16.92% and a net margin of 6.99%.The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company earned $1.32 EPS. The business’s revenue was up 18.5% compared to the same quarter last year. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. On average, equities research analysts anticipate that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Announces Dividend

The company also recently declared 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 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 dividend payout ratio is presently 4.54%.

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.