EULAV Asset Management Grows Holdings in The Ensign Group, Inc. $ENSG

EULAV Asset Management boosted its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 4.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 159,100 shares of the company’s stock after acquiring an additional 7,400 shares during the quarter. EULAV Asset Management’s holdings in The Ensign Group were worth $27,488,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. CWM LLC increased its position in shares of The Ensign Group by 8.4% during the third quarter. CWM LLC now owns 732 shares of the company’s stock worth $126,000 after acquiring an additional 57 shares during the last quarter. First Horizon Advisors Inc. grew its stake in The Ensign Group by 6.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,193 shares of the company’s stock valued at $184,000 after purchasing an additional 72 shares in the last quarter. HB Wealth Management LLC grew its stake in The Ensign Group by 4.1% during the 3rd quarter. HB Wealth Management LLC now owns 1,810 shares of the company’s stock valued at $313,000 after purchasing an additional 72 shares in the last quarter. Campbell Newman Asset Management Inc. increased its holdings in The Ensign Group by 0.4% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 19,480 shares of the company’s stock worth $3,366,000 after purchasing an additional 79 shares during the last quarter. Finally, McIlrath & Eck LLC raised its position in shares of The Ensign Group by 10.3% in the 3rd quarter. McIlrath & Eck LLC now owns 954 shares of the company’s stock valued at $165,000 after purchasing an additional 89 shares in the last quarter. 96.12% of the stock is currently owned by institutional investors and hedge funds.

The Ensign Group Stock Up 3.4%

ENSG stock opened at $183.54 on Friday. The firm has a market cap of $10.63 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 1.84 and a beta of 0.86. The Ensign Group, Inc. has a 1-year low of $118.73 and a 1-year high of $193.99. The firm has a fifty day moving average price of $178.60 and a two-hundred day moving average price of $170.07. 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 posted its quarterly earnings results on Monday, November 3rd. The company reported $1.64 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the business posted $1.39 EPS. The company’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. Research analysts predict that The Ensign Group, Inc. will post 5.59 EPS for the current 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 issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 0.1%. 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. The Ensign Group’s dividend payout ratio is currently 4.65%.

Wall Street Analyst Weigh In

ENSG has been the subject of a number of recent analyst reports. UBS Group reissued a “buy” rating and set a $220.00 price target (up previously from $205.00) on shares of The Ensign Group in a research report on Wednesday, November 5th. Stephens increased their price objective 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. Royal Bank Of Canada reissued an “outperform” rating and issued 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 restated a “buy (b)” rating on shares of The Ensign Group in a research note on Wednesday, October 8th. Finally, Truist Financial lifted their price target on 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 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 price target of $196.40.

Insider Buying and Selling at The Ensign Group

In other The Ensign Group news, COO Spencer Burton sold 2,209 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $180.00, for a total value of $397,620.00. Following the sale, the chief operating officer directly owned 51,165 shares of the company’s stock, valued at $9,209,700. This trade represents a 4.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Beverly B. Wittekind sold 2,000 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $180.00, for a total value of $360,000.00. Following the completion of the sale, the vice president owned 32,779 shares in the company, valued at $5,900,220. The trade was a 5.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 50,242 shares of company stock worth $9,009,622. Corporate insiders own 3.90% of the company’s stock.

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.