NewEdge Wealth LLC Raises Stake in The Ensign Group, Inc. $ENSG

NewEdge Wealth LLC grew its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 74.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,282 shares of the company’s stock after purchasing an additional 22,294 shares during the quarter. NewEdge Wealth LLC’s holdings in The Ensign Group were worth $10,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Private Trust Co. NA lifted its holdings in The Ensign Group by 156.5% in the 4th quarter. Private Trust Co. NA now owns 159 shares of the company’s stock worth $28,000 after purchasing an additional 97 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new stake in The Ensign Group during the 1st quarter valued at approximately $32,000. Monetary Solutions Ltd bought a new stake in shares of The Ensign Group during the fourth quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. increased its holdings in The Ensign Group by 55.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 172 shares of the company’s stock valued at $30,000 after acquiring an additional 61 shares during the last quarter. Finally, Bayban bought a new stake in The Ensign Group in the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 96.12% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on ENSG shares. Weiss Ratings downgraded shares of The Ensign Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 16th. Wall Street Zen raised The Ensign Group from a “hold” rating to a “buy” rating in a research note on Sunday, June 14th. Royal Bank Of Canada reissued an “outperform” rating on shares of The Ensign Group in a report on Tuesday, June 9th. Zacks Research downgraded shares of The Ensign Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Truist Financial decreased their price target on shares of The Ensign Group from $215.00 to $202.00 and set a “hold” rating on the stock in a research note on Tuesday, July 14th. Four 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 company has an average rating of “Moderate Buy” and a consensus price target of $213.50.

The Ensign Group Stock Performance

Shares of The Ensign Group stock opened at $169.11 on Thursday. The stock’s fifty day moving average is $165.63 and its two-hundred day moving average is $183.98. The company has a market capitalization of $9.88 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 1.67 and a beta of 0.69. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.06. The Ensign Group, Inc. has a 52 week low of $134.79 and a 52 week high of $218.00.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.79 by $0.06. The Ensign Group had a net margin of 6.89% and a return on equity of 16.78%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the firm posted $1.52 EPS. The firm’s revenue was up 18.4% compared to the same quarter last year. The Ensign Group has set its FY 2026 guidance at 7.480-7.620 EPS. As a group, analysts expect that The Ensign Group, Inc. will post 6.82 earnings per share for the current year.

The Ensign Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 0.2%. The ex-dividend date is Tuesday, June 30th. The Ensign Group’s dividend payout ratio (DPR) is presently 4.23%.

Insider Buying and Selling at The Ensign Group

In related news, Director Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $164.28, for a total value of $114,996.00. Following the completion of the sale, the director directly owned 21,352 shares in the company, valued at $3,507,706.56. The trade was a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.00% of the stock is owned by insiders.

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.