Arrowstreet Capital Limited Partnership Increases Stake in The Ensign Group, Inc. $ENSG

Arrowstreet Capital Limited Partnership boosted its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 10.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 267,423 shares of the company’s stock after acquiring an additional 25,239 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in The Ensign Group were worth $41,253,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Edgestream Partners L.P. bought a new position in The Ensign Group during the 2nd quarter worth about $2,555,000. Sepio Capital LP purchased a new stake in shares of The Ensign Group in the 2nd quarter worth approximately $205,000. De Lisle Partners LLP lifted its position in shares of The Ensign Group by 29.4% in the 2nd quarter. De Lisle Partners LLP now owns 35,189 shares of the company’s stock worth $5,430,000 after purchasing an additional 8,000 shares during the period. Lido Advisors LLC boosted its stake in shares of The Ensign Group by 4.6% during the second quarter. Lido Advisors LLC now owns 3,350 shares of the company’s stock valued at $517,000 after purchasing an additional 148 shares in the last quarter. Finally, F m Investments LLC increased its holdings in The Ensign Group by 1.9% during the second quarter. F m Investments LLC now owns 44,021 shares of the company’s stock valued at $6,791,000 after buying an additional 816 shares during the period. Institutional investors own 96.12% of the company’s stock.

Wall Street Analysts Forecast Growth

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

The Ensign Group Price Performance

NASDAQ:ENSG opened at $177.97 on Friday. 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 52 week low of $118.73 and a 52 week high of $193.99. The stock’s 50-day moving average price is $180.62 and its 200-day moving average price is $164.77. The stock has a market capitalization of $10.31 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 2.01 and a beta of 0.85.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Monday, November 3rd. The company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.28 billion. During the same period in the previous year, the firm posted $1.39 EPS. The Ensign Group’s revenue was up 19.8% compared to the same quarter last year. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. As a group, equities analysts expect that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

The Ensign Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were given a $0.0625 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The Ensign Group’s payout ratio is currently 4.47%.

Insiders Place Their Bets

In other news, CEO Barry Port sold 28,315 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $180.71, for a total value of $5,116,803.65. Following the completion of the transaction, the chief executive officer owned 56,481 shares of the company’s stock, valued at approximately $10,206,681.51. This trade represents a 33.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Barry M. Smith sold 700 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $184.27, for a total value of $128,989.00. Following the completion of the sale, the director owned 24,352 shares in the company, valued at approximately $4,487,343.04. The trade was a 2.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 39,142 shares of company stock worth $7,054,077. Corporate insiders own 3.90% of the company’s stock.

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.