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

NewEdge Wealth LLC bought a new position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) in the second quarter, HoldingsChannel.com reports. The firm bought 53,135 shares of the company’s stock, valued at approximately $8,518,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. JLB & Associates Inc. purchased a new position in shares of The Ensign Group in the 2nd quarter valued at $11,556,000. BlackRock Inc. bought a new stake in The Ensign Group during the second quarter valued at about $937,218,000. Deutsche Bank AG bought a new stake in The Ensign Group during the second quarter valued at about $1,261,000. Rice Hall James & Associates LLC bought a new stake in The Ensign Group during the second quarter valued at about $2,529,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in The Ensign Group in the second quarter valued at about $36,000. Institutional investors own 96.12% of the company’s stock.

Insider Activity

In related news, Director Barry M. Smith sold 700 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 21,352 shares of the company’s stock, valued at $3,507,706.56. This trade represents a 3.17% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 Ensign Group stock in a transaction that occurred 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 completion of the sale, the director owned 9,503 shares of the company’s stock, valued at $1,625,583.18. This trade represents a 3.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 4.00% of the company’s stock.

The Ensign Group Price Performance

The Ensign Group stock opened at $182.49 on Thursday. The Ensign Group, Inc. has a 1-year low of $141.58 and a 1-year high of $218.00. The business has a fifty day moving average price of $169.86 and a 200-day moving average price of $184.40. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $10.64 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 1.76 and a beta of 0.68.

The Ensign Group (NASDAQ:ENSG) last announced its earnings results on Monday, July 27th. The company reported $1.92 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the company posted $1.59 EPS. The firm’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. Equities research analysts forecast that The Ensign Group, Inc. will post 6.93 EPS for the current fiscal year.

The Ensign Group Dividend Announcement

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

Analyst Ratings Changes

ENSG has been the subject of several analyst reports. 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. Truist Financial lifted their price objective on shares of The Ensign Group from $202.00 to $207.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. Wall Street Zen lowered shares of The Ensign Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $228.00 target price on shares of The Ensign Group in a research report on Tuesday, July 28th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $216.25.

The Ensign Group 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.