The Ensign Group, Inc. $ENSG Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lessened its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 86.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,536 shares of the company’s stock after selling 306,733 shares during the quarter. Voya Investment Management LLC owned 0.08% of The Ensign Group worth $8,386,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ENSG. Wasatch Advisors LP grew its stake in The Ensign Group by 6.0% during the second quarter. Wasatch Advisors LP now owns 3,558,675 shares of the company’s stock worth $548,961,000 after buying an additional 199,983 shares during the period. Geode Capital Management LLC boosted its position in The Ensign Group by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,437,285 shares of the company’s stock worth $221,741,000 after purchasing an additional 20,229 shares during the period. Norges Bank acquired a new stake in The Ensign Group in the 2nd quarter valued at $105,400,000. American Century Companies Inc. raised its position in The Ensign Group by 31.2% in the second quarter. American Century Companies Inc. now owns 614,877 shares of the company’s stock valued at $94,851,000 after purchasing an additional 146,302 shares during the period. Finally, Bank of New York Mellon Corp raised its position in The Ensign Group by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 538,901 shares of the company’s stock valued at $83,131,000 after purchasing an additional 5,638 shares during the period. Hedge funds and other institutional investors own 96.12% of the company’s stock.

Insider Activity at The Ensign Group

In other The Ensign Group news, CEO Barry Port sold 28,315 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $180.71, for a total transaction of $5,116,803.65. Following the sale, the chief executive officer owned 56,481 shares in the company, valued at $10,206,681.51. This represents a 33.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Beverly B. Wittekind sold 8,400 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $175.48, for a total transaction of $1,474,032.00. Following the completion of the transaction, the vice president directly owned 32,779 shares in the company, valued at $5,752,058.92. This represents a 20.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 49,542 shares of company stock worth $8,888,109 over the last 90 days. Company insiders own 3.90% of the company’s stock.

The Ensign Group Price Performance

Shares of NASDAQ ENSG opened at $178.60 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.07. The Ensign Group, Inc. has a fifty-two week low of $118.73 and a fifty-two week high of $193.99. The business has a 50 day moving average price of $180.89 and a two-hundred day moving average price of $167.42. The firm has a market cap of $10.34 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 2.03 and a beta of 0.85.

The Ensign Group (NASDAQ:ENSG) last announced 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 Ensign Group had a return on equity of 16.77% and a net margin of 6.80%.The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the company posted $1.39 EPS. The Ensign Group’s quarterly revenue was up 19.8% on a year-over-year basis. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. Sell-side analysts expect that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.065 per share. This is a positive change from The Ensign Group’s previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, December 31st. This represents a $0.26 dividend on an annualized basis and a yield of 0.1%. The Ensign Group’s payout ratio is currently 4.47%.

Analysts Set New Price Targets

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

The Ensign Group Company Profile

The Ensign Group, Inc is a diversified provider of post-acute healthcare services in the United States, operating a network of skilled nursing, assisted living, independent living, home health and hospice care centers. The company’s model emphasizes integrated care by employing multidisciplinary teams—including nursing staff, therapists and physicians—to deliver personalized rehabilitation and long-term care services for seniors and other patients recovering from injury, illness or surgery.

Through its owned and managed centers, The Ensign Group offers a broad spectrum of rehabilitation services such as physical, occupational and speech therapy.