Allspring Global Investments Holdings LLC Lowers Stock Holdings in The Ensign Group, Inc. $ENSG

Allspring Global Investments Holdings LLC reduced its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 12.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,903 shares of the company’s stock after selling 15,657 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in The Ensign Group were worth $19,696,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rise Advisors LLC boosted 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 valued at $26,000 after purchasing an additional 106 shares during the period. Financial Management Professionals Inc. purchased a new stake in shares of The Ensign Group in the second quarter worth $28,000. 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 worth $35,000 after buying an additional 198 shares in the last quarter. Maseco LLP bought a new stake in The Ensign Group during the second quarter valued at $36,000. Finally, MAI Capital Management grew its position in The Ensign Group by 1,009.5% during the second quarter. MAI Capital Management now owns 233 shares of the company’s stock worth $36,000 after buying an additional 212 shares in the last quarter. Institutional investors own 96.12% of the company’s stock.

Wall Street Analysts Forecast Growth

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

The Ensign Group Stock Down 0.2%

Shares of NASDAQ ENSG opened at $173.92 on Monday. The stock has a market capitalization of $10.07 billion, a P/E ratio of 31.11, a PEG ratio of 1.80 and a beta of 0.86. The Ensign Group, Inc. has a one year low of $118.73 and a one year high of $193.99. The firm’s 50 day simple moving average is $179.72 and its two-hundred day simple moving average is $168.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.46 and a quick ratio of 1.46.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data 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 net margin of 6.80% and a return on equity of 16.77%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the company earned $1.39 EPS. The firm’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, analysts expect that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

The Ensign Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Wednesday, December 31st will be paid a $0.065 dividend. This is a boost from The Ensign Group’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.1%. The Ensign Group’s dividend payout ratio is presently 4.65%.

Insider Buying and Selling

In related news, VP Beverly B. Wittekind sold 2,000 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $180.00, for a total transaction of $360,000.00. Following the completion of the sale, the vice president directly owned 32,779 shares in the company, valued at $5,900,220. This represents a 5.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $184.27, for a total value of $128,989.00. Following the completion of the transaction, the director directly owned 24,352 shares in the company, valued at $4,487,343.04. This trade represents a 2.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 49,542 shares of company stock worth $8,888,109 in the last 90 days. 3.90% of the stock is currently owned by company insiders.

About The Ensign Group

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.