The Ensign Group (NASDAQ:ENSG) COO Spencer Burton Sells 5,899 Shares

The Ensign Group, Inc. (NASDAQ:ENSG) COO Spencer Burton sold 5,899 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $177.30, for a total value of $1,045,892.70. Following the sale, the chief operating officer directly owned 51,165 shares of the company’s stock, valued at $9,071,554.50. This represents a 10.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, November 18th, Spencer Burton sold 2,209 shares of The Ensign Group stock. The stock was sold at an average price of $180.00, for a total value of $397,620.00.

The Ensign Group Stock Up 0.1%

Shares of NASDAQ:ENSG traded up $0.21 during mid-day trading on Wednesday, hitting $178.71. 349,771 shares of the company traded hands, compared to its average volume of 423,530. The stock has a 50-day moving average price of $176.69 and a two-hundred day moving average price of $161.29. The Ensign Group, Inc. has a 12-month low of $118.73 and a 12-month high of $193.99. The stock has a market cap of $10.35 billion, a P/E ratio of 32.43, a P/E/G ratio of 2.10 and a beta of 0.94. 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 (NASDAQ:ENSG) last released its quarterly earnings results on Monday, November 3rd. The company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. The Ensign Group had a return on equity of 16.92% and a net margin of 6.99%.The Ensign Group’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 EPS. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. On average, equities research analysts forecast that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

The Ensign Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were issued a dividend of $0.0625 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.25 annualized dividend and a yield of 0.1%. The Ensign Group’s payout ratio is 4.47%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of The Ensign Group

Several hedge funds have recently made changes to their positions in the company. Rise Advisors LLC increased its holdings in The Ensign Group by 114.0% in the 1st quarter. Rise Advisors LLC now owns 199 shares of the company’s stock worth $26,000 after acquiring an additional 106 shares during the last quarter. TCTC Holdings LLC boosted its position in The Ensign Group by 116.7% during the first quarter. TCTC Holdings LLC now owns 208 shares of the company’s stock worth $27,000 after purchasing an additional 112 shares during the period. WPG Advisers LLC purchased a new position in shares of The Ensign Group in the first quarter worth about $27,000. Financial Management Professionals Inc. purchased a new position in shares of The Ensign Group in the second quarter worth about $28,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of The Ensign Group by 638.7% in the second 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 during the period. 96.12% of the stock is currently owned by institutional investors.

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.