Hsbc Holdings PLC Buys 13,774 Shares of The Ensign Group, Inc. $ENSG

Hsbc Holdings PLC grew its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 515.5% during the 4th quarter, Holdings Channel reports. The firm owned 16,446 shares of the company’s stock after purchasing an additional 13,774 shares during the quarter. Hsbc Holdings PLC’s holdings in The Ensign Group were worth $2,873,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ENSG. Baillie Gifford & Co. increased its position in shares of The Ensign Group by 62.1% during the 4th quarter. Baillie Gifford & Co. now owns 4,569,254 shares of the company’s stock worth $795,964,000 after purchasing an additional 1,750,645 shares in the last quarter. Norges Bank acquired a new position in The Ensign Group in the fourth quarter valued at about $134,660,000. Turtle Creek Asset Management Inc. bought a new stake in The Ensign Group during the third quarter worth about $78,840,000. Victory Capital Management Inc. grew its stake in The Ensign Group by 195.4% during the third quarter. Victory Capital Management Inc. now owns 513,328 shares of the company’s stock worth $88,688,000 after buying an additional 339,534 shares during the last quarter. Finally, Wasatch Advisors LP increased its holdings 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 worth $548,961,000 after buying an additional 199,983 shares in the last quarter. Institutional investors own 96.12% of the company’s stock.

Insider Activity

In other news, Director John O. Agwunobi sold 392 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $199.97, for a total value of $78,388.24. Following the transaction, the director owned 9,295 shares of the company’s stock, valued at approximately $1,858,721.15. This trade represents a 4.05% decrease in their position. The sale was disclosed in a document filed 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 Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $164.28, for a total transaction of $114,996.00. Following the sale, the director owned 21,352 shares of the company’s stock, valued at approximately $3,507,706.56. This represents a 3.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,592 shares of company stock valued at $478,246 over the last three months. Company insiders own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

ENSG has been the subject of a number of research analyst reports. Weiss Ratings cut shares of The Ensign Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 16th. Zacks Research lowered The Ensign Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Wall Street Zen raised The Ensign Group from a “hold” rating to a “buy” rating in a report on Sunday, June 14th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of The Ensign Group in a research report on Tuesday, June 9th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $216.75.

The Ensign Group Price Performance

Shares of ENSG opened at $163.05 on Monday. The firm has a market capitalization of $9.53 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 1.59 and a beta of 0.68. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.56 and a current ratio of 1.56. The business’s fifty day moving average price is $171.64 and its two-hundred day moving average price is $185.03. 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 released its earnings results on Thursday, April 30th. The company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.06. The Ensign Group had a return on equity of 16.78% and a net margin of 6.89%.The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. The Ensign Group has set its FY 2026 guidance at 7.480-7.620 EPS. On average, analysts predict that The Ensign Group, Inc. will post 6.82 earnings per share for the current year.

The Ensign Group Dividend Announcement

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 of this dividend is Tuesday, June 30th. The Ensign Group’s payout ratio is currently 4.23%.

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.