MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 1,408 Shares of The Ensign Group, Inc. $ENSG

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 4.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,860 shares of the company’s stock after purchasing an additional 1,408 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of The Ensign Group worth $4,640,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. WPG Advisers LLC bought a new position in The Ensign Group in the 1st quarter worth $27,000. TCTC Holdings LLC raised its holdings in The Ensign Group by 116.7% in the 1st 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. Opal Wealth Advisors LLC bought a new position in The Ensign Group in the 1st quarter worth $36,000. AdvisorNet Financial Inc bought a new position in The Ensign Group in the 1st quarter worth $38,000. Finally, Blue Trust Inc. raised its holdings in The Ensign Group by 39.0% in the 1st quarter. Blue Trust Inc. now owns 467 shares of the company’s stock worth $60,000 after purchasing an additional 131 shares during the period. 96.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ENSG has been the topic of a number of recent analyst reports. Stephens raised their price target on The Ensign Group from $165.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Truist Financial raised their price target on The Ensign Group from $155.00 to $165.00 and gave the company a “hold” rating in a report on Monday, July 28th. Finally, UBS Group raised their price target on The Ensign Group from $195.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, The Ensign Group has an average rating of “Moderate Buy” and an average price target of $172.67.

Insider Buying and Selling

In related news, CFO Suzanne D. Snapper sold 8,379 shares of The Ensign Group stock in a transaction dated Monday, July 7th. The stock was 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 approximately $39,971,051.32. This trade represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Beverly B. Wittekind sold 4,719 shares of The Ensign Group stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $155.00, for a total value of $731,445.00. Following the completion of the transaction, the vice president owned 38,679 shares of the company’s stock, valued at approximately $5,995,245. This represents a 10.87% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,498 shares of company stock worth $2,201,175. Corporate insiders own 3.90% of the company’s stock.

The Ensign Group Trading Up 1.7%

Shares of The Ensign Group stock opened at $168.95 on Friday. The firm has a market cap of $9.75 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 1.91 and a beta of 0.93. The business has a 50-day moving average price of $157.79 and a 200-day moving average price of $144.55. 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 twelve month low of $118.73 and a twelve month high of $174.98.

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

The Ensign Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were given a $0.0625 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.25 annualized dividend and a yield of 0.1%. The Ensign Group’s dividend payout ratio (DPR) is currently 4.54%.

About The Ensign Group

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.