MAI Capital Management Grows Position in The Ensign Group, Inc. $ENSG

MAI Capital Management raised its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 2,441.6% during the third quarter, HoldingsChannel.com reports. The firm owned 5,922 shares of the company’s stock after purchasing an additional 5,689 shares during the period. MAI Capital Management’s holdings in The Ensign Group were worth $1,023,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Wasatch Advisors LP grew its stake in shares of The Ensign Group by 6.0% during the second quarter. Wasatch Advisors LP now owns 3,558,675 shares of the company’s stock valued at $548,961,000 after buying an additional 199,983 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in The Ensign Group by 96.2% during the 3rd quarter. Baillie Gifford & Co. now owns 2,818,609 shares of the company’s stock valued at $486,971,000 after acquiring an additional 1,382,035 shares during the period. Geode Capital Management LLC increased its stake in The Ensign Group by 1.4% in the second quarter. Geode Capital Management LLC now owns 1,437,285 shares of the company’s stock worth $221,741,000 after purchasing an additional 20,229 shares during the period. Norges Bank purchased a new stake in The Ensign Group in the second quarter worth $105,400,000. Finally, American Century Companies Inc. lifted its position in shares of The Ensign Group by 31.2% during the second quarter. American Century Companies Inc. now owns 614,877 shares of the company’s stock worth $94,851,000 after purchasing an additional 146,302 shares during the last quarter. Institutional investors own 96.12% of the company’s stock.

Insider Activity at The Ensign Group

In other The Ensign Group news, VP Beverly B. Wittekind sold 500 shares of The Ensign Group stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $210.23, for a total value of $105,115.00. Following the transaction, the vice president directly owned 32,779 shares of the company’s stock, valued at approximately $6,891,129.17. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John O. Agwunobi sold 146 shares of the company’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $178.31, for a total value of $26,033.26. Following the transaction, the director directly owned 9,087 shares in the company, valued at approximately $1,620,302.97. The trade was a 1.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,473 shares of company stock valued at $5,147,297 over the last three months. Company insiders own 3.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ENSG. Stephens raised their price target on shares of The Ensign Group from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $222.00 target price (up from $206.00) on shares of The Ensign Group in a research report on Monday, February 9th. Zacks Research raised shares of The Ensign Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Wall Street Zen raised The Ensign Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Truist Financial set a $215.00 target price on The Ensign Group and gave the company a “hold” rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $204.60.

The Ensign Group Trading Up 0.7%

Shares of NASDAQ:ENSG opened at $214.17 on Friday. The company has a market capitalization of $12.40 billion, a PE ratio of 36.67, a P/E/G ratio of 2.10 and a beta of 0.88. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.06. The Ensign Group, Inc. has a 12-month low of $118.73 and a 12-month high of $216.92. The business’s fifty day simple moving average is $187.39 and its 200-day simple moving average is $180.02.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.07. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.37 billion. The Ensign Group had a return on equity of 16.76% and a net margin of 6.80%.The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.49 earnings per share. The Ensign Group has set its FY 2026 guidance at 7.410-7.610 EPS. As a group, equities research analysts predict that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Wednesday, December 31st were paid a dividend of $0.065 per share. This is a boost from The Ensign Group’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, December 31st. This represents a $0.26 annualized dividend and a dividend yield of 0.1%. The Ensign Group’s dividend payout ratio (DPR) is presently 4.45%.

About The Ensign Group

The Ensign Group, Inc is a diversified provider of post-acute healthcare services in the United States, operating a network of skilled nursing, assisted living, independent living, home health and hospice care centers. The company’s model emphasizes integrated care by employing multidisciplinary teams—including nursing staff, therapists and physicians—to deliver personalized rehabilitation and long-term care services for seniors and other patients recovering from injury, illness or surgery.

Through its owned and managed centers, The Ensign Group offers a broad spectrum of rehabilitation services such as physical, occupational and speech therapy.