Bank of New York Mellon Corp Has $91.59 Million Stock Position in The Ensign Group, Inc. $ENSG

Bank of New York Mellon Corp lowered its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 9.5% in the first quarter, HoldingsChannel reports. The firm owned 454,525 shares of the company’s stock after selling 47,458 shares during the period. Bank of New York Mellon Corp’s holdings in The Ensign Group were worth $91,587,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ENSG. Private Trust Co. NA raised its stake in The Ensign Group by 156.5% in the fourth quarter. Private Trust Co. NA now owns 159 shares of the company’s stock valued at $28,000 after buying an additional 97 shares during the period. Monetary Solutions Ltd bought a new position in shares of The Ensign Group during the 4th quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 period. Bayban acquired a new position in shares of The Ensign Group during the 4th quarter worth approximately $31,000. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of The Ensign Group during the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 96.12% of the company’s stock.

The Ensign Group Price Performance

Shares of NASDAQ ENSG opened at $170.87 on Wednesday. The firm has a market cap of $9.99 billion, a P/E ratio of 27.83, a price-to-earnings-growth ratio of 1.68 and a beta of 0.69. The business’s 50 day moving average is $165.80 and its 200-day moving average is $184.01. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.06. The Ensign Group, Inc. has a 1-year low of $134.79 and a 1-year high of $218.00.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the company posted $1.52 EPS. 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. Equities research analysts predict that The Ensign Group, Inc. will post 6.82 earnings per share for the current year.

The Ensign Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 30th. The Ensign Group’s payout ratio is presently 4.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Truist Financial dropped their price target on 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. Zacks Research lowered shares of The Ensign Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Royal Bank Of Canada restated an “outperform” rating on shares of The Ensign Group in a research note on Tuesday, June 9th. Wall Street Zen upgraded shares of The Ensign Group from a “hold” rating to a “buy” rating in a research note on Sunday, June 14th. Finally, 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. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $213.50.

Insider Activity

In related news, Director Barry M. Smith sold 700 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $164.28, for a total value of $114,996.00. Following the transaction, the director directly owned 21,352 shares in the company, valued at approximately $3,507,706.56. This represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.00% of the company’s stock.

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.