Oppenheimer Asset Management Inc. Purchases New Shares in The Ensign Group, Inc. $ENSG

Oppenheimer Asset Management Inc. acquired a new stake in The Ensign Group, Inc. (NASDAQ:ENSG) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 53,769 shares of the company’s stock, valued at approximately $8,619,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Parkside Financial Bank & Trust grew its holdings in shares of The Ensign Group by 2.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,000 shares of the company’s stock worth $348,000 after purchasing an additional 57 shares during the last quarter. Csenge Advisory Group lifted its position in The Ensign Group by 3.7% during the 4th quarter. Csenge Advisory Group now owns 1,642 shares of the company’s stock worth $286,000 after buying an additional 58 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in The Ensign Group by 0.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,451 shares of the company’s stock worth $2,912,000 after acquiring an additional 58 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in The Ensign Group by 55.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 172 shares of the company’s stock worth $30,000 after acquiring an additional 61 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in The Ensign Group by 2.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,189 shares of the company’s stock valued at $381,000 after acquiring an additional 62 shares in the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ENSG. Truist Financial boosted their target price on shares of The Ensign Group from $202.00 to $207.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $228.00 price target on shares of The Ensign Group in a research note on Tuesday, July 28th. Weiss Ratings lowered shares of The Ensign Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 16th. Finally, Wall Street Zen cut shares of The Ensign Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, The Ensign Group currently has an average rating of “Moderate Buy” and an average target price of $216.25.

The Ensign Group Stock Performance

Shares of The Ensign Group stock opened at $181.65 on Friday. The firm has a fifty day moving average of $168.19 and a two-hundred day moving average of $184.13. 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 stock has a market capitalization of $10.59 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 1.75 and a beta of 0.68. The Ensign Group, Inc. has a 52 week low of $141.58 and a 52 week high of $218.00.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Monday, July 27th. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earned $1.59 EPS. The firm’s revenue was up 16.7% on a year-over-year basis. The Ensign Group has set its FY 2026 guidance at 7.750-7.850 EPS. As a group, equities research analysts predict that The Ensign Group, Inc. will post 6.93 EPS for the current year.

The Ensign Group Dividend Announcement

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

Insider Transactions at The Ensign Group

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