Creative Planning Buys 8,668 Shares of The Ensign Group, Inc. $ENSG

Creative Planning grew its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 13.9% in the second quarter, HoldingsChannel reports. The fund owned 71,134 shares of the company’s stock after acquiring an additional 8,668 shares during the period. Creative Planning’s holdings in The Ensign Group were worth $10,973,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Rise Advisors LLC increased its holdings in shares of The Ensign Group by 114.0% in the first quarter. Rise Advisors LLC now owns 199 shares of the company’s stock valued at $26,000 after purchasing an additional 106 shares in the last quarter. TCTC Holdings LLC boosted its position in The Ensign Group by 116.7% in the 1st quarter. TCTC Holdings LLC now owns 208 shares of the company’s stock valued at $27,000 after buying an additional 112 shares during the last quarter. WPG Advisers LLC acquired a new stake in shares of The Ensign Group in the 1st quarter valued at $27,000. Financial Management Professionals Inc. bought a new stake in shares of The Ensign Group during the second quarter worth $28,000. Finally, Maseco LLP acquired a new position in shares of The Ensign Group during the second quarter valued at $36,000. 96.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

The Ensign Group Trading Up 0.5%

NASDAQ ENSG opened at $178.50 on Wednesday. The Ensign Group, Inc. has a 12 month low of $118.73 and a 12 month high of $193.99. The stock has a 50-day simple moving average of $176.69 and a 200 day simple moving average of $161.29. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $10.34 billion, a PE ratio of 32.40, a P/E/G ratio of 2.10 and a beta of 0.94.

The Ensign Group (NASDAQ:ENSG) last posted its earnings results 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 company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. The Ensign Group had a return on equity of 16.92% and a net margin of 6.99%.The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 EPS. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. Research analysts forecast that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Dividend Announcement

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

Insiders Place Their Bets

In related news, Director John O. Agwunobi sold 246 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $188.87, for a total transaction of $46,462.02. Following the sale, the director owned 8,879 shares of the company’s stock, valued at approximately $1,676,976.73. This trade represents a 2.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $180.64, for a total value of $126,448.00. Following the transaction, the director owned 25,052 shares in the company, valued at approximately $4,525,393.28. This represents a 2.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 30,034 shares of company stock worth $5,423,448. Company 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.