Gabelli Funds LLC decreased its stake in The Ensign Group, Inc. (NASDAQ:ENSG – Free Report) by 8.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,543 shares of the company’s stock after selling 3,972 shares during the quarter. Gabelli Funds LLC owned 0.07% of The Ensign Group worth $8,572,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of ENSG. Private Trust Co. NA raised 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 buying an additional 97 shares during the period. Monetary Solutions Ltd acquired a new position in shares of The Ensign Group in the fourth quarter worth about $30,000. Northwestern Mutual Wealth Management Co. increased its position in shares of The Ensign Group by 55.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 172 shares of the company’s stock worth $30,000 after acquiring an additional 61 shares in the last quarter. Bayban acquired a new stake in shares of The Ensign Group during the fourth quarter valued at approximately $31,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in shares of The Ensign Group in the 1st quarter valued at approximately $32,000. Hedge funds and other institutional investors own 96.12% of the company’s stock.
Insider Activity
In related news, Director Barry M. Smith sold 700 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $164.28, for a total transaction of $114,996.00. Following the completion of the sale, the director directly owned 21,352 shares in the company, valued at approximately $3,507,706.56. This trade 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 accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 4.00% of the company’s stock.
The Ensign Group Stock Performance
The Ensign Group (NASDAQ:ENSG – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.06. The Ensign Group had a net margin of 6.89% and a return on equity of 16.78%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the business earned $1.52 EPS. The company’s revenue for the quarter 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. Research analysts anticipate that The Ensign Group, Inc. will post 6.82 earnings per share for the current fiscal year.
The Ensign Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be paid a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.2%. The Ensign Group’s dividend payout ratio is 4.23%.
Analyst Ratings Changes
A number of equities analysts recently commented on ENSG shares. Wall Street Zen lowered shares of The Ensign Group from a “buy” rating to a “hold” rating in a research note on Saturday. Truist Financial reduced their target price on The Ensign Group from $215.00 to $202.00 and set a “hold” rating for the company in a report on Tuesday, July 14th. Zacks Research lowered The Ensign Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of The Ensign Group in a research report on Tuesday, June 9th. Finally, Weiss Ratings downgraded The Ensign Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 16th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, The Ensign Group has a consensus rating of “Moderate Buy” and an average target price of $213.50.
Read Our Latest Stock Report on ENSG
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.
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