The Ensign Group (NASDAQ:ENSG) COO Sells $397,620.00 in Stock

The Ensign Group, Inc. (NASDAQ:ENSG) COO Spencer Burton sold 2,209 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $180.00, for a total transaction of $397,620.00. Following the transaction, the chief operating officer owned 51,165 shares in the company, valued at approximately $9,209,700. This trade represents a 4.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Spencer Burton also recently made the following trade(s):

• On Monday, November 17th, Spencer Burton sold 5,899 shares of The Ensign Group stock. The shares were sold at an average price of $177.30, for a total transaction of $1,045,892.70.

The Ensign Group Trading Up 0.1%

Shares of NASDAQ ENSG traded up $0.21 during midday trading on Wednesday, hitting $178.71. The stock had a trading volume of 349,771 shares, compared to its average volume of 423,530. The company’s 50-day simple moving average is $176.69 and its 200 day simple moving average is $161.29. 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 firm has a market cap of $10.35 billion, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 2.10 and a beta of 0.94. The Ensign Group, Inc. has a fifty-two week low of $118.73 and a fifty-two week high of $193.99.

The Ensign Group (NASDAQ:ENSG) last released its earnings results on Monday, November 3rd. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 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 19.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.39 EPS. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. Research analysts anticipate 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 was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.25 annualized dividend and a yield of 0.1%. The Ensign Group’s dividend payout ratio is presently 4.47%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Stephens increased their price target on shares of The Ensign Group from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. UBS Group restated a “buy” rating and issued a $220.00 target price (up previously from $205.00) on shares of The Ensign Group in a research note on Wednesday, November 5th. Weiss Ratings reissued a “buy (b)” rating on shares of The Ensign Group in a research report on Wednesday, October 8th. Truist Financial upped their target price on shares of The Ensign Group from $190.00 to $200.00 and gave the company a “hold” rating in a report on Monday, November 10th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $206.00 price objective (up from $177.00) on shares of The Ensign Group in a research report on Friday, November 14th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $196.40.

Institutional Investors Weigh In On The Ensign Group

A number of hedge funds have recently made changes to their positions in ENSG. Danske Bank A S acquired a new stake in shares of The Ensign Group during the 3rd quarter valued at $86,000. Advisory Services Network LLC boosted its stake in The Ensign Group by 28.5% during the third quarter. Advisory Services Network LLC now owns 2,289 shares of the company’s stock worth $395,000 after acquiring an additional 507 shares in the last quarter. Integrated Investment Consultants LLC bought a new stake in shares of The Ensign Group during the third quarter valued at approximately $206,000. Abel Hall LLC bought a new stake in shares of The Ensign Group during the third quarter worth about $249,000. Finally, Morningstar Investment Management LLC purchased a new position in The Ensign Group during the 3rd quarter worth $3,256,000. 96.12% of the stock is currently owned by institutional investors and hedge funds.

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.