The Ensign Group (NASDAQ:ENSG) Cut to Hold at Wall Street Zen

The Ensign Group (NASDAQ:ENSG) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

ENSG has been the subject of several other reports. Weiss Ratings lowered The Ensign Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 16th. Truist Financial cut their price target on shares of The Ensign Group from $215.00 to $202.00 and set a “hold” rating on the stock in a research report on Tuesday, July 14th. Zacks Research lowered shares of The Ensign Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of The Ensign Group in a report on Tuesday, June 9th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, The Ensign Group currently has an average rating of “Moderate Buy” and an average price target of $213.50.

The Ensign Group Stock Performance

ENSG stock opened at $172.99 on Friday. The Ensign Group has a twelve month low of $141.58 and a twelve month high of $218.00. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.06. The company has a market cap of $10.11 billion, a P/E ratio of 28.17, a price-to-earnings-growth ratio of 1.64 and a beta of 0.69. The business’s fifty day moving average is $165.30 and its 200-day moving average is $183.85.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.06. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.40 billion. The Ensign Group had a return on equity of 16.78% and a net margin of 6.89%.The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.52 earnings per share. The Ensign Group has set its FY 2026 guidance at 7.480-7.620 EPS. Equities research analysts forecast that The Ensign Group will post 6.82 EPS for the current year.

Insider Activity

In other news, Director Barry M. Smith sold 700 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $164.28, for a total transaction of $114,996.00. Following the completion of the sale, the director owned 21,352 shares of the company’s stock, valued at $3,507,706.56. This represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On The Ensign Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ENSG. Private Trust Co. NA increased its holdings in The Ensign Group by 156.5% during the 4th quarter. Private Trust Co. NA now owns 159 shares of the company’s stock worth $28,000 after purchasing an additional 97 shares in the last quarter. Cedar Mountain Advisors LLC bought a new stake in shares of The Ensign Group in the first quarter valued at about $32,000. Monetary Solutions Ltd bought a new stake in shares of The Ensign Group in the fourth quarter valued at about $30,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of The Ensign Group by 55.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 172 shares of the company’s stock worth $30,000 after buying an additional 61 shares during the period. Finally, Bayban acquired a new position in shares of The Ensign Group during the fourth quarter worth about $31,000. 96.12% of the stock is owned by institutional investors and hedge funds.

The Ensign Group Company 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.