Ausbil Investment Management Ltd Purchases New Stake in The Ensign Group, Inc. $ENSG

Ausbil Investment Management Ltd purchased a new stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,395 shares of the company’s stock, valued at approximately $592,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ethic Inc. raised its position in shares of The Ensign Group by 26.6% in the first quarter. Ethic Inc. now owns 4,429 shares of the company’s stock valued at $578,000 after purchasing an additional 930 shares during the period. Northern Trust Corp grew its stake in The Ensign Group by 0.4% in the 1st quarter. Northern Trust Corp now owns 941,274 shares of the company’s stock valued at $121,801,000 after buying an additional 3,344 shares during the last quarter. Wellington Management Group LLP raised its holdings in The Ensign Group by 17.6% in the 1st quarter. Wellington Management Group LLP now owns 683,650 shares of the company’s stock valued at $88,464,000 after acquiring an additional 102,089 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in The Ensign Group during the first quarter worth approximately $84,000. Finally, Credit Agricole S A boosted its holdings in shares of The Ensign Group by 80.2% during the first quarter. Credit Agricole S A now owns 11,940 shares of the company’s stock worth $1,545,000 after acquiring an additional 5,314 shares during the period. 96.12% of the stock is currently owned by institutional investors and hedge funds.

The Ensign Group Stock Performance

NASDAQ:ENSG opened at $176.95 on Friday. The company has a market cap of $10.25 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 2.00 and a beta of 0.85. The Ensign Group, Inc. has a fifty-two week low of $118.73 and a fifty-two week high of $193.99. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a fifty day moving average price of $180.72 and a 200-day moving average price of $166.59.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings results on Monday, November 3rd. The company reported $1.64 EPS for the quarter, topping 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 analysts’ expectations of $1.28 billion. During the same quarter last year, the business earned $1.39 earnings per share. The Ensign Group’s 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. As a group, equities analysts anticipate that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

Insider Buying and Selling

In other The Ensign Group news, Director Daren Shaw sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $178.57, for a total transaction of $178,570.00. Following the completion of the transaction, the director directly owned 24,126 shares in the company, valued at $4,308,179.82. The trade was a 3.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Spencer Burton sold 5,899 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $177.30, for a total value of $1,045,892.70. Following the completion of the sale, the chief operating officer directly owned 51,165 shares in the company, valued at approximately $9,071,554.50. This represents a 10.34% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 47,542 shares of company stock worth $8,528,109. 3.90% of the stock is owned by company insiders.

Analyst Ratings Changes

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

The Ensign Group Company 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.