12,628 The Ensign Group, Inc. $ENSG Shares Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP reduced its Ensign Group stake by 54.6% in the second quarter, selling 12,628 shares and retaining 10,519 shares worth approximately $1.69 million. Institutional investors and hedge funds own 96.12% of ENSG.
• Analyst sentiment remains positive overall, with four Buy ratings and two Hold ratings producing a “Moderate Buy” consensus and an average price target of $216.25.
• Ensign Group reported quarterly EPS of $1.92, beating estimates of $1.80, while revenue rose 16.7% year over year to $1.44 billion. The company also declared a quarterly dividend of $0.065 per share, equivalent to a 0.2% annualized yield.

Corient Private Wealth LP cut its stake in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 54.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,519 shares of the company's stock after selling 12,628 shares during the period. Corient Private Wealth LP's holdings in The Ensign Group were worth $1,686,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ENSG. Transamerica Financial Advisors LLC bought a new stake in The Ensign Group in the second quarter valued at about $26,000. Monetary Solutions Ltd acquired a new position in shares of The Ensign Group in the 4th quarter worth approximately $30,000. Bayban bought a new stake in shares of The Ensign Group in the 4th quarter valued at approximately $31,000. Caitlin John LLC acquired a new stake in shares of The Ensign Group during the 2nd quarter valued at approximately $31,000. Finally, Cedar Mountain Advisors LLC acquired a new stake in shares of The Ensign Group during the 1st quarter valued at approximately $32,000. 96.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ENSG has been the subject of several recent research reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of The Ensign Group in a research note on Friday, September 11th. Wall Street Zen lowered shares of The Ensign Group from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $228.00 price objective on shares of The Ensign Group in a research report on Tuesday, July 28th. Finally, Truist Financial increased their price objective on shares of The Ensign Group from $202.00 to $207.00 and gave the stock a "hold" rating in a research note on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, The Ensign Group presently has an average rating of "Moderate Buy" and a consensus price target of $216.25.

Insider Buying and Selling at The Ensign Group

In related news, Director John Agwunobi sold 392 shares of the firm's stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $171.06, for a total value of $67,055.52. Following the sale, the director directly owned 9,503 shares in the company, valued at $1,625,583.18. This trade represents a 3.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.00% of the company's stock.

The Ensign Group Stock Performance

ENSG stock opened at $173.28 on Friday. 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 stock has a market capitalization of $10.10 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.67 and a beta of 0.69. The Ensign Group, Inc. has a 1 year low of $141.58 and a 1 year high of $218.00. The stock's fifty day moving average is $176.32 and its two-hundred day moving average is $179.02.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last announced 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 Ensign Group had a net margin of 6.90% and a return on equity of 16.75%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company posted $1.59 earnings per share. The company's revenue for the quarter was up 16.7% compared to the same quarter last year. The Ensign Group has set its FY 2026 guidance at 7.750-7.850 EPS. On average, research analysts predict that The Ensign Group, Inc. will post 7.04 EPS for the current year.

The Ensign Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.0650 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 30th. The Ensign Group's payout ratio is 4.08%.

The Ensign Group Company 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.

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