The Ensign Group Set to Join S&P MidCap 400; Curbline Properties & TransMedics Group to Join S&P SmallCap 600

Rhea-AI Summary

S&P Dow Jones Indices will reshuffle small‑ and mid‑cap indexes effective prior to trading on October 1 and October 2, 2024. The Ensign Group (ENSG) moves into the S&P MidCap 400; Curbline Properties (CURB) and TransMedics (TMDX) join the S&P SmallCap 600.

Chesapeake Energy (CHK) is acquiring Southwestern Energy (SWN) in a deal expected to complete October 1, prompting SWN's removal and Cross Country Healthcare (CCRN) to be deleted October 2.

AI-generated analysis. Not financial advice.

Positive

• ENSG added to S&P MidCap 400 effective October 1, 2024
• CURB and TMDX added to S&P SmallCap 600 effective October 1, 2024
• CHK acquisition of SWN expected to close October 1, 2024

Negative

• SWN removed from S&P MidCap 400 effective October 1, 2024
• ENSG removed from S&P SmallCap 600 effective October 1, 2024
• CCRN removed from S&P SmallCap 600 effective October 2, 2024

Key Figures

Index change effective date: October 1, 2024 Cross Country removal date: October 2, 2024

2 metrics

Index change effective date October 1, 2024 Ensign replaces Southwestern Energy in S&P MidCap 400; TransMedics joins S&P SmallCap 600

Cross Country removal date October 2, 2024 Cross Country Healthcare removed from S&P SmallCap 600

Market Reality Check

Price: $81.46 Vol: Volume 3,011,473 is in li...

normal vol

$81.46 Last Close

Volume Volume 3,011,473 is in line with the 20-day average of 2,994,640 (relative volume ~1.01x). normal

Technical Price at 81.46 is trading slightly above the 200-day MA of 81.37 and about 12.95% below the 52-week high of 93.58.

Peers on Argus

No peer stocks with momentum or same-day headlines were provided, so the setup a...

No peer stocks with momentum or same-day headlines were provided, so the setup appears stock-specific relative to the crude petroleum & natural gas group.

Market Pulse Summary

This announcement details upcoming S&P index changes linked to Chesapeake Energy’s acquisition of So...

Analysis

This announcement details upcoming S&P index changes linked to Chesapeake Energy’s acquisition of Southwestern Energy and related additions and deletions in the S&P MidCap 400 and S&P SmallCap 600 effective on October 1–2, 2024. For Chesapeake, the context is an acquisition-driven index adjustment rather than a direct operational update. Investors may focus on how index-tracking funds adjust positions, the timing of the transaction’s completion, and how these structural changes interact with broader energy-sector conditions.

Key Terms

s&p midcap 400, s&p smallcap 600, gics sector

3 terms

s&p midcap 400 financial

"Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector"

The S&P MidCap 400 is a group of 400 companies that are smaller than the big, well-known corporations but larger than tiny startups. It helps investors see how medium-sized companies are performing in the stock market, acting like a barometer for this middle-sized group of businesses.

s&p smallcap 600 financial

"S&P SmallCap 600 constituent The Ensign Group Inc. (NASD: ENSG) will replace"

A stock market index made up of 600 small-cap U.S. companies chosen to represent the performance of smaller publicly traded firms. It matters to investors because it acts like a temperature gauge for the small-company segment of the market, serving as a benchmark for fund managers, a basis for index funds and ETFs, and a way to compare returns and risk when building a diversified portfolio.

gics sector financial

"Ticker | GICS Sector"

GICS sector is one of the major industry groupings from the Global Industry Classification Standard, a system that sorts companies into consistent categories (like Technology or Health Care) based on the primary business they do. Investors use these sectors like folders in a filing cabinet to compare companies, build diversified portfolios, and track how whole parts of the market are performing rather than focusing on single stocks.

AI-generated analysis. Not financial advice.

NEW YORK, Sept. 26, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 and S&P MidCap 400:

• S&P SmallCap 600 constituent The Ensign Group Inc. (NASD: ENSG) will replace Southwestern Energy Co. (NYSE: SWN) in the S&P MidCap 400 and TransMedics Group, Inc. (NASD: TMDX) will replace The Ensign Group in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, October 1.  S&P MidCap 400 constituent Chesapeake Energy Corp. (NASD: CHK) is acquiring Southwestern Energy in a deal expected to be completed October 1.
  
  
• Curbline Properties Corp. (NYSE: CURB) will be added to the S&P SmallCap 600 effective prior to the open of trading on Tuesday, October 1, replacing Cross Country Healthcare Inc. (NASD: CCRN), which will be removed from the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 2. S&P SmallCap 600 constituent SITE Centers Corp. (NYSE: SITC) is spinning off Curbline Properties in a transaction expected to be completed on October 1. Cross Country Healthcare is no longer representative of the small-cap market space.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date	Index Name	Action	Company Name	Ticker	GICS Sector
October 1, 2024	S&P MidCap 400	Addition	The Ensign Group	ENSG	Health Care
October 1, 2024	S&P MidCap 400	Deletion	Southwestern Energy	SWN	Energy
October 1, 2024	S&P SmallCap 600	Addition	Curbline Properties	CURB	Real Estate
October 1, 2024	S&P SmallCap 600	Addition	TransMedics Group.	TMDX	Health Care
October 1, 2024	S&P SmallCap 600	Deletion	The Ensign Group	ENSG	Health Care
October 2, 2024	S&P SmallCap 600	Deletion	Cross Country Healthcare	CCRN	Health Care

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

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S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

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View original content:https://www.prnewswire.com/news-releases/the-ensign-group-set-to-join-sp-midcap-400-curbline-properties--transmedics-group-to-join-sp-smallcap-600-302260576.html

SOURCE S&P Dow Jones Indices

FAQ

What does ENGS (ENSG) joining the S&P MidCap 400 mean for investors?

ENSG's addition may increase index‑linked demand for its shares starting October 1, 2024. According to S&P Dow Jones Indices, ENSG will replace Southwestern Energy in the S&P MidCap 400, shifting index exposure between health care and energy sectors.

Why are Curbline Properties (CURB) and TransMedics (TMDX) added to the S&P SmallCap 600 on October 1, 2024?

CURB and TMDX meet S&P DJI criteria for small‑cap inclusion effective October 1, 2024. According to S&P Dow Jones Indices, Curbline is being spun off and TransMedics replaces ENSG in the SmallCap 600 as part of the scheduled reconstitution.

How will Chesapeake Energy's (CHK) acquisition of Southwestern Energy (SWN) affect index membership?

CHK's acquisition of SWN is expected to close October 1, 2024 and triggers SWN's removal from the MidCap 400. According to S&P Dow Jones Indices, the deal prompts the index reshuffle that moves ENSG into MidCap 400.

When will Cross Country Healthcare (CCRN) be removed from the S&P SmallCap 600?

CCRN will be deleted from the S&P SmallCap 600 effective prior to the open on October 2, 2024. According to S&P Dow Jones Indices, Cross Country is no longer representative of the small‑cap market space, prompting the removal.

When do the S&P index changes take effect for investors tracking ENSG, CURB, TMDX, SWN, and CCRN?

Most changes take effect prior to opening on October 1, 2024; CCRN's deletion is effective October 2, 2024. According to S&P Dow Jones Indices, additions and deletions are scheduled to align with the completion of related corporate transactions.