Ensign Group director Barry Smith sells $90,580 in stock

Published 03/04/2025, 21:22
Ensign Group director Barry Smith sells $90,580 in stock

Barry M. Smith, a director at Ensign Group, Inc. (NASDAQ:ENSG), recently sold 700 shares of common stock in a transaction valued at approximately $90,580. The sale was executed on April 1, 2025, at a price of $129.40 per share. The stock, which currently trades at $133.97, has shown resilience with a 9.2% return over the past year. According to InvestingPro, the company maintains a "GREAT" financial health score of 3.17. Following this transaction, Smith retains ownership of 29,352 shares of the company. This transaction was conducted under a pre-established Rule 10b5-1 trading plan, which was adopted on July 31, 2024. With a market capitalization of $7.68 billion and analyst targets ranging from $155 to $175, investors can access comprehensive insider trading analysis and more through InvestingPro’s detailed research reports.

In other recent news, The Ensign Group has received attention from analysts for its strategic growth initiatives and financial performance. Stephens analyst Scott Fidel raised the price target for The Ensign Group to $160, maintaining an Overweight rating, citing the company’s consistent mid-teens growth in revenue and earnings per share over the past decade. Fidel noted that The Ensign Group’s strategy includes a strong focus on mergers and acquisitions, with a pipeline aimed at expanding in emerging markets such as Alabama, Oregon, and South Carolina. Macquarie analyst Tao Qiu also increased the price target to $166, keeping an Outperform rating, driven by an acceleration in acquisition activity, with 30 acquisitions announced since September 2024. Macquarie projects revenue growth between 12.5% and 15.0% for 2025, surpassing consensus estimates. The Ensign Group’s management is expected to provide an optimistic outlook for 2025, potentially exceeding current market expectations. Both analysts highlight the company’s ability to leverage acquisitions for growth, with Macquarie emphasizing the diversity in The Ensign Group’s investment pipeline. These developments reflect confidence in The Ensign Group’s strategic direction and potential for continued expansion.

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