53,135 Shares in The Ensign Group, Inc. $ENSG Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC purchased a new stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 53,135 shares of the company’s stock, valued at approximately $8,518,000. NewEdge Wealth LLC owned about 0.09% of The Ensign Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ENSG. BlackRock Inc. purchased a new position in shares of The Ensign Group during the second quarter valued at approximately $937,218,000. 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. Geode Capital Management LLC raised its holdings in shares of The Ensign Group by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 1,498,673 shares of the company’s stock worth $261,107,000 after buying an additional 49,117 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of The Ensign Group by 9.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,332,505 shares of the company’s stock worth $232,124,000 after buying an additional 118,110 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of The Ensign Group by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,090,838 shares of the company’s stock worth $190,033,000 after acquiring an additional 5,458 shares during the last quarter. 96.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Ensign Group

In other news, Director John O. Agwunobi sold 392 shares of the firm’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $171.06, for a total transaction of $67,055.52. Following the transaction, the director owned 9,503 shares in the company, valued at approximately $1,625,583.18. This trade represents a 3.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Barry M. Smith sold 700 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $164.28, for a total value of $114,996.00. Following the transaction, the director owned 21,352 shares in the company, valued at approximately $3,507,706.56. This represents a 3.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.00% of the stock is currently owned by corporate insiders.

The Ensign Group Stock Performance

Shares of NASDAQ:ENSG opened at $182.49 on Thursday. The firm has a market cap of $10.64 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 1.76 and a beta of 0.68. The firm’s 50 day simple moving average is $169.86 and its 200-day simple moving average is $184.40. The Ensign Group, Inc. has a one year low of $141.58 and a one year high of $218.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.21 and a current ratio of 1.21.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Monday, July 27th. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.12. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. The Ensign Group had a net margin of 6.90% and a return on equity of 16.75%. The company’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.59 earnings per share. The Ensign Group has set its FY 2026 guidance at 7.750-7.850 EPS. As a group, equities analysts predict that The Ensign Group, Inc. will post 6.93 EPS for the current year.

The Ensign Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were issued a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Tuesday, June 30th. The Ensign Group’s dividend payout ratio is currently 4.08%.

Wall Street Analyst Weigh In

ENSG has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $228.00 price objective on shares of The Ensign Group in a report on Tuesday, July 28th. Wall Street Zen lowered The Ensign Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings downgraded The Ensign Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 16th. Finally, Truist Financial boosted their target price on shares of The Ensign Group from $202.00 to $207.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, The Ensign Group presently has an average rating of “Moderate Buy” and an average target price of $216.25.

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.