L2 Asset Management LLC Buys Shares of 7,947 The Ensign Group, Inc. $ENSG

L2 Asset Management LLC purchased a new stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,947 shares of the company’s stock, valued at approximately $1,274,000.

Other hedge funds have also recently made changes to their positions in the company. Monetary Solutions Ltd bought a new stake in The Ensign Group in the 4th quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of The Ensign Group by 55.0% in the 4th 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 last quarter. Bayban purchased a new position in shares of The Ensign Group in the 4th quarter worth $31,000. Cedar Mountain Advisors LLC bought a new stake in shares of The Ensign Group during the 1st quarter valued at about $32,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of The Ensign Group during the 2nd quarter valued at about $36,000. 96.12% of the stock is owned by hedge funds and other institutional investors.

The Ensign Group Trading Down 0.1%

Shares of The Ensign Group stock opened at $179.37 on Tuesday. The company has a market capitalization of $10.45 billion, a P/E ratio of 28.11, a P/E/G ratio of 1.73 and a beta of 0.68. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.21 and a current ratio of 1.21. The company has a fifty day moving average of $171.68 and a 200 day moving average of $184.54. The Ensign Group, Inc. has a fifty-two week low of $141.58 and a fifty-two week high of $218.00.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Monday, July 27th. The company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the firm earned $1.59 earnings per share. The business’s quarterly revenue was up 16.7% on a year-over-year basis. The Ensign Group has set its FY 2026 guidance at 7.750-7.850 EPS. On average, sell-side analysts anticipate that The Ensign Group, Inc. will post 6.93 earnings per share for the current fiscal year.

The Ensign Group Announces Dividend

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

Insiders Place Their Bets

In other news, Director Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction that occurred 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 approximately $3,507,706.56. The trade was 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. Also, Director John O. Agwunobi sold 392 shares of The Ensign Group stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $171.06, for a total value 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. The trade was a 3.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. 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. Wall Street Zen downgraded shares of The Ensign Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Royal Bank Of Canada restated an “outperform” rating and issued a $228.00 price objective on shares of The Ensign Group in a research note on Tuesday, July 28th. Finally, Truist Financial raised their target price on The Ensign Group from $202.00 to $207.00 and gave the stock a “hold” rating in a report on Thursday, July 30th. 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 stock has an average rating of “Moderate Buy” and a consensus target price of $216.25.

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.