NewEdge Wealth LLC Invests $5.22 Million in The Ensign Group, Inc. $ENSG

NewEdge Wealth LLC purchased a new position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 29,988 shares of the company’s stock, valued at approximately $5,224,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC boosted its position in shares of The Ensign Group by 8.4% during the third quarter. CWM LLC now owns 732 shares of the company’s stock worth $126,000 after buying an additional 57 shares during the period. Profund Advisors LLC boosted its position in shares of The Ensign Group by 2.5% during the third quarter. Profund Advisors LLC now owns 2,378 shares of the company’s stock worth $411,000 after buying an additional 59 shares during the period. UMB Bank n.a. boosted its position in shares of The Ensign Group by 7.3% during the third quarter. UMB Bank n.a. now owns 911 shares of the company’s stock worth $157,000 after buying an additional 62 shares during the period. SBI Securities Co. Ltd. boosted its position in shares of The Ensign Group by 20.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 375 shares of the company’s stock worth $65,000 after buying an additional 64 shares during the period. Finally, Davidson Capital Management Inc. boosted its position in shares of The Ensign Group by 0.3% during the fourth quarter. Davidson Capital Management Inc. now owns 23,337 shares of the company’s stock worth $4,065,000 after buying an additional 66 shares during the period. 96.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Royal Bank Of Canada restated an “outperform” rating and set a $222.00 price target (up from $206.00) on shares of The Ensign Group in a research report on Monday, February 9th. UBS Group set a $230.00 price target on The Ensign Group and gave the stock a “buy” rating in a research report on Friday, February 6th. Weiss Ratings restated a “buy (b)” rating on shares of The Ensign Group in a research report on Tuesday, April 21st. Zacks Research lowered The Ensign Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Wall Street Zen upgraded The Ensign Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Four 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 $216.75.

Insider Transactions at The Ensign Group

In other news, Director Daren Shaw sold 1,000 shares of The Ensign Group stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $213.43, for a total transaction of $213,430.00. Following the sale, the director owned 23,726 shares in the company, valued at approximately $5,063,840.18. The trade was a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Beverly B. Wittekind sold 500 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $210.23, for a total value of $105,115.00. Following the completion of the transaction, the vice president owned 32,779 shares in the company, valued at $6,891,129.17. This trade represents a 1.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,242 shares of company stock worth $862,154 over the last three months. 4.00% of the stock is currently owned by company insiders.

The Ensign Group Price Performance

ENSG opened at $171.45 on Monday. The business’s 50-day simple moving average is $200.17 and its 200-day simple moving average is $189.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.56 and a current ratio of 1.56. The Ensign Group, Inc. has a one year low of $134.79 and a one year high of $218.00. The stock has a market capitalization of $10.02 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 1.68 and a beta of 0.73.

The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Thursday, April 30th. The company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the firm earned $1.52 earnings per share. The business’s revenue was up 18.4% compared to the same quarter last year. The Ensign Group has set its FY 2026 guidance at 7.480-7.620 EPS. Analysts anticipate that The Ensign Group, Inc. will post 6.79 EPS for the current year.

The Ensign Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.065 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.2%. The Ensign Group’s payout ratio is 4.23%.

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.