Engineers Gate Manager LP Has $5.11 Million Position in The Ensign Group, Inc. $ENSG

Engineers Gate Manager LP lifted its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 618.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 31,847 shares of the company’s stock after buying an additional 27,416 shares during the quarter. Engineers Gate Manager LP’s holdings in The Ensign Group were worth $5,105,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of ENSG. California State Teachers Retirement System grew its stake in The Ensign Group by 15,582.5% in the 2nd quarter. California State Teachers Retirement System now owns 10,563,449 shares of the company’s stock valued at $1,693,321,000 after buying an additional 10,496,091 shares during the last quarter. BlackRock Inc. acquired a new stake in The Ensign Group during the second quarter worth approximately $937,218,000. Norges Bank bought a new stake in shares of The Ensign Group during the fourth quarter worth approximately $134,660,000. Turtle Creek Asset Management Inc. bought a new stake in shares of The Ensign Group during the third quarter worth approximately $78,840,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of The Ensign Group in the second quarter valued at approximately $65,470,000. Institutional investors own 96.12% of the company’s stock.

The Ensign Group Stock Up 0.7%

Shares of ENSG opened at $173.98 on Friday. The Ensign Group, Inc. has a 12 month low of $141.58 and a 12 month high of $218.00. The firm’s 50 day moving average is $175.25 and its 200-day moving average is $181.61. The stock has a market capitalization of $10.14 billion, a PE ratio of 27.27, a P/E/G ratio of 1.64 and a beta of 0.69. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.06.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings results on Monday, July 27th. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.12. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. The Ensign Group had a return on equity of 16.75% and a net margin of 6.90%.The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.59 earnings per share. The Ensign Group has set its FY 2026 guidance at 7.750-7.850 EPS. Equities research analysts forecast that The Ensign Group, Inc. will post 7.04 EPS for the current year.

The Ensign Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, June 30th. The Ensign Group’s dividend payout ratio (DPR) is 4.08%.

Insider Buying and Selling

In other The Ensign Group news, Director John Agwunobi sold 392 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $171.06, for a total transaction of $67,055.52. Following the completion of the transaction, the director directly owned 9,503 shares in the company, valued at $1,625,583.18. The trade was a 3.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ENSG. Royal Bank Of Canada reiterated an “outperform” rating and set a $228.00 target price on shares of The Ensign Group in a research note on Tuesday, July 28th. Wall Street Zen lowered The Ensign Group from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings cut The Ensign Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 16th. Finally, Truist Financial lifted 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 research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, The Ensign Group currently has an average rating of “Moderate Buy” and a consensus target price of $216.25.

The Ensign Group Profile

The Ensign Group, Inc (NASDAQ: ENSG) is a healthcare services company that provides post-acute and senior care through a network of independently operated subsidiaries. Its businesses primarily focus on skilled nursing, rehabilitation and transitional care for patients recovering from illness, injury or surgery, as well as long-term care for seniors and individuals with complex medical needs.

The company also operates or supports assisted living, independent living, memory care, home health and hospice services in selected markets.