Copeland Capital Management LLC Sells 121,993 Shares of The Ensign Group, Inc. $ENSG

Copeland Capital Management LLC trimmed its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 13.2% during the second quarter, Holdings Channel reports. The firm owned 799,274 shares of the company’s stock after selling 121,993 shares during the quarter. The Ensign Group comprises 2.5% of Copeland Capital Management LLC’s portfolio, making the stock its largest holding. Copeland Capital Management LLC’s holdings in The Ensign Group were worth $123,296,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Financial Management Professionals Inc. acquired a new stake in shares of The Ensign Group during the second quarter worth $28,000. Rise Advisors LLC raised its holdings in shares of The Ensign Group by 114.0% during the first quarter. Rise Advisors LLC now owns 199 shares of the company’s stock worth $26,000 after purchasing an additional 106 shares during the period. WPG Advisers LLC acquired a new stake in shares of The Ensign Group during the first quarter worth $27,000. TCTC Holdings LLC raised its holdings in shares of The Ensign Group by 116.7% during the first quarter. TCTC Holdings LLC now owns 208 shares of the company’s stock worth $27,000 after purchasing an additional 112 shares during the period. Finally, Maseco LLP acquired a new stake in shares of The Ensign Group during the second quarter worth $36,000. 96.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ENSG shares. Truist Financial increased their target price on shares of The Ensign Group from $155.00 to $165.00 and gave the stock a “hold” rating in a report on Monday, July 28th. UBS Group increased their price objective on shares of The Ensign Group from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Finally, Stephens increased their price objective on shares of The Ensign Group from $165.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Five equities research 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 company has an average rating of “Moderate Buy” and a consensus target price of $172.67.

The Ensign Group Stock Down 0.3%

ENSG stock opened at $173.93 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 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 $174.98. The firm’s 50-day simple moving average is $165.82 and its 200 day simple moving average is $148.62. The stock has a market cap of $10.04 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 2.00 and a beta of 0.93.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Thursday, July 24th. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.05. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. The Ensign Group had a net margin of 6.99% and a return on equity of 16.92%. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.32 EPS. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. As a group, sell-side analysts predict that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Tuesday, September 30th. The Ensign Group’s dividend payout ratio is currently 4.54%.

Insider Transactions at The Ensign Group

In related news, CFO Suzanne D. Snapper sold 8,379 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $148.21, for a total value of $1,241,851.59. Following the completion of the transaction, the chief financial officer owned 269,692 shares in the company, valued at $39,971,051.32. This represents a 3.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Barry M. Smith sold 700 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $172.06, for a total transaction of $120,442.00. Following the completion of the transaction, the director owned 27,052 shares of the company’s stock, valued at $4,654,567.12. This represents a 2.52% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

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.