Envestnet Asset Management Inc. Lowers Position in The Ensign Group, Inc. $ENSG

Envestnet Asset Management Inc. cut its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 4.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 330,920 shares of the company’s stock after selling 16,303 shares during the period. Envestnet Asset Management Inc.’s holdings in The Ensign Group were worth $57,173,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Baillie Gifford & Co. raised its holdings in shares of The Ensign Group by 96.2% in the third quarter. Baillie Gifford & Co. now owns 2,818,609 shares of the company’s stock valued at $486,971,000 after purchasing an additional 1,382,035 shares during the last quarter. Norges Bank bought a new stake in The Ensign Group in the 2nd quarter worth about $105,400,000. Wasatch Advisors LP increased its stake in The Ensign Group by 6.0% in the 2nd quarter. Wasatch Advisors LP now owns 3,558,675 shares of the company’s stock valued at $548,961,000 after buying an additional 199,983 shares during the last quarter. Hood River Capital Management LLC increased its stake in The Ensign Group by 61.4% in the 2nd quarter. Hood River Capital Management LLC now owns 492,016 shares of the company’s stock valued at $75,898,000 after buying an additional 187,262 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of The Ensign Group by 31.2% during the 2nd quarter. American Century Companies Inc. now owns 614,877 shares of the company’s stock worth $94,851,000 after buying an additional 146,302 shares in the last quarter. Institutional investors own 96.12% of the company’s stock.

The Ensign Group Price Performance

The Ensign Group stock opened at $199.29 on Tuesday. The Ensign Group, Inc. has a one year low of $118.73 and a one year high of $202.78. The business has a fifty day moving average price of $177.68 and a 200-day moving average price of $174.63. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $11.54 billion, a P/E ratio of 34.13, a PEG ratio of 2.05 and a beta of 0.88.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.07. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.37 billion. The Ensign Group had a return on equity of 16.76% and a net margin of 6.80%.The company’s revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.49 earnings per share. The Ensign Group has set its FY 2026 guidance at 7.410-7.610 EPS. As a group, equities research analysts forecast that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Wednesday, December 31st were paid a dividend of $0.065 per share. This is a positive change from The Ensign Group’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, December 31st. The Ensign Group’s dividend payout ratio is 4.45%.

Insider Activity at The Ensign Group

In related news, Director Daren Shaw sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $178.57, for a total value of $178,570.00. Following the transaction, the director directly owned 24,126 shares in the company, valued at approximately $4,308,179.82. This represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Barry Port sold 28,315 shares of The Ensign Group stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $180.71, for a total transaction of $5,116,803.65. Following the sale, the chief executive officer owned 56,481 shares of the company’s stock, valued at approximately $10,206,681.51. The trade was a 33.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 63,246 shares of company stock valued at $11,536,394 in the last ninety days. Insiders own 3.90% of the company’s stock.

Analyst Upgrades and Downgrades

ENSG has been the subject of several recent analyst reports. Truist Financial set a $215.00 target price on The Ensign Group and gave the company a “hold” rating in a report on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $222.00 target price (up from $206.00) on shares of The Ensign Group in a research report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of The Ensign Group in a report on Thursday, January 22nd. Stephens raised their price objective on shares of The Ensign Group from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Finally, Wall Street Zen raised shares of The Ensign Group from a “hold” rating to a “buy” rating in a research report on Saturday. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.60.

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.