2,968 Shares in The Ensign Group, Inc. $ENSG Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new stake in The Ensign Group, Inc. (NASDAQ:ENSG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,968 shares of the company’s stock, valued at approximately $476,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Canada Pension Plan Investment Board purchased a new stake in shares of The Ensign Group in the second quarter worth approximately $1,507,000. Legal & General Group Plc bought a new stake in The Ensign Group during the second quarter worth $12,489,000. The Manufacturers Life Insurance Company bought a new stake in The Ensign Group during the second quarter worth $6,368,000. L2 Asset Management LLC purchased a new stake in The Ensign Group in the 2nd quarter valued at $1,274,000. Finally, Paradigm Capital Management Inc. NY purchased a new stake in The Ensign Group in the 2nd quarter valued at $54,742,000. Institutional investors and hedge funds own 96.12% of the company’s stock.

Insider Activity at The Ensign Group

In other news, Director John O. Agwunobi sold 392 shares of The Ensign Group 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 sale, the director directly owned 9,503 shares in the company, valued at $1,625,583.18. The trade was a 3.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.00% of the stock is owned by insiders.

The Ensign Group Stock Performance

ENSG stock opened at $172.70 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.06. The firm has a market cap of $10.07 billion, a PE ratio of 27.07, a P/E/G ratio of 1.67 and a beta of 0.69. The business has a 50 day moving average of $174.17 and a 200-day moving average of $183.32. The Ensign Group, Inc. has a 12-month low of $141.58 and a 12-month high of $218.00.

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

The Ensign Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.065 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.26 annualized dividend and a dividend yield of 0.2%. The Ensign Group’s dividend payout ratio (DPR) is currently 4.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ENSG shares. Wall Street Zen downgraded shares of The Ensign Group from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $228.00 target price on shares of The Ensign Group in a report on Tuesday, July 28th. Weiss Ratings lowered shares of 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 price target on shares of The Ensign Group from $202.00 to $207.00 and gave the stock a “hold” rating in a report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $216.25.

The Ensign Group Company Profile

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.