Mitsubishi UFJ Trust & Banking Corp Buys New Holdings in The Ensign Group, Inc. $ENSG

Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 35,637 shares of the company’s stock, valued at approximately $6,157,000. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of The Ensign Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of The Ensign Group during the second quarter valued at approximately $105,400,000. Wasatch Advisors LP raised its holdings in The Ensign Group by 6.0% during 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 boosted its position in The Ensign Group by 61.4% during 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 period. American Century Companies Inc. boosted its position in The Ensign Group by 31.2% during the 2nd quarter. American Century Companies Inc. now owns 614,877 shares of the company’s stock valued at $94,851,000 after buying an additional 146,302 shares during the period. Finally, Mawer Investment Management Ltd. bought a new stake in The Ensign Group in the 2nd quarter worth $16,902,000. Institutional investors own 96.12% of the company’s stock.

Insider Buying and Selling at The Ensign Group

In other The Ensign Group news, Director Daren Shaw sold 1,000 shares of the firm’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 transaction of $178,570.00. Following the completion of the transaction, the director owned 24,126 shares of the company’s stock, valued at approximately $4,308,179.82. This trade represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John O. Agwunobi sold 146 shares of The Ensign Group stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $178.31, for a total transaction of $26,033.26. Following the transaction, the director owned 9,087 shares of the company’s stock, valued at $1,620,302.97. The trade was a 1.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 50,634 shares of company stock valued at $9,079,891 over the last three months. 3.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ENSG. UBS Group reaffirmed a “buy” rating and set a $220.00 price objective (up from $205.00) on shares of The Ensign Group in a research note on Wednesday, November 5th. Truist Financial upped their price target on The Ensign Group from $190.00 to $200.00 and gave the company a “hold” rating in a research report on Monday, November 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of The Ensign Group in a report on Thursday, January 22nd. Royal Bank Of Canada reissued an “outperform” rating and set a $206.00 target price (up from $177.00) on shares of The Ensign Group in a research note on Friday, November 14th. Finally, Stephens raised their price target on The Ensign Group from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, The Ensign Group presently has an average rating of “Moderate Buy” and an average target price of $196.40.

The Ensign Group Stock Down 1.0%

ENSG stock opened at $170.06 on Friday. The Ensign Group, Inc. has a fifty-two week low of $118.73 and a fifty-two week high of $193.99. The company has a market capitalization of $9.85 billion, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 1.78 and a beta of 0.86. The business’s 50 day moving average price is $177.97 and its two-hundred day moving average price is $171.98. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.46 and a current ratio of 1.46.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Monday, November 3rd. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.05. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. The Ensign Group had a return on equity of 16.77% and a net margin of 6.80%.The firm’s revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 earnings per share. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. As a group, analysts forecast that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Wednesday, December 31st will be given a dividend of $0.065 per share. This is an increase from The Ensign Group’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.26 dividend on an annualized basis and a yield of 0.2%. The Ensign Group’s dividend payout ratio is 4.65%.

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.