Canada Pension Plan Investment Board Invests $1.51 Million in The Ensign Group, Inc. $ENSG

Key Points

• Canada Pension Plan Investment Board purchased 9,400 shares of The Ensign Group worth approximately $1.51 million in the second quarter. Institutional investors and hedge funds collectively own 96.12% of the company.
• The Ensign Group reported quarterly earnings of $1.92 per share, beating estimates of $1.80, while revenue rose 16.7% year over year to $1.44 billion.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $216.25, compared with shares opening at $172.26. The company also pays a quarterly dividend of $0.065 per share, a 0.2% annualized yield.

Canada Pension Plan Investment Board purchased a new position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,400 shares of the company's stock, valued at approximately $1,507,000.

Other institutional investors have also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in The Ensign Group by 9.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 161,946 shares of the company's stock worth $20,956,000 after acquiring an additional 14,590 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of The Ensign Group by 150.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company's stock valued at $50,000 after purchasing an additional 230 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of The Ensign Group by 65.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 536 shares of the company's stock valued at $83,000 after purchasing an additional 213 shares in the last quarter. Amundi lifted its position in shares of The Ensign Group by 480,216.7% during the second quarter. Amundi now owns 57,638 shares of the company's stock worth $8,583,000 after purchasing an additional 57,626 shares during the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of The Ensign Group by 26.1% during the second quarter. Brown Advisory Inc. now owns 2,037 shares of the company's stock worth $314,000 after purchasing an additional 421 shares during the last quarter. 96.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on ENSG shares. Royal Bank Of Canada reissued an "outperform" rating and issued a $228.00 price objective on shares of The Ensign Group in a report on Tuesday, July 28th. Wall Street Zen downgraded The Ensign Group from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Truist Financial upped their price target on The Ensign Group from $202.00 to $207.00 and gave the company a "hold" rating in a research report on Thursday, July 30th. Finally, Weiss Ratings cut The Ensign Group from a "buy (b)" rating to a "buy (b-)" rating in a research note 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $216.25.

The Ensign Group Price Performance

Shares of NASDAQ:ENSG opened at $172.26 on Tuesday. The firm's 50 day moving average is $173.71 and its two-hundred day moving average is $183.89. The firm has a market capitalization of $10.04 billion, a P/E ratio of 27.00, a PEG ratio of 1.66 and a beta of 0.68. 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, Inc. has a 52 week low of $141.58 and a 52 week high of $218.00.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the previous year, the business earned $1.59 earnings per share. The company's revenue was up 16.7% on a year-over-year basis. The Ensign Group has set its FY 2026 guidance at 7.750-7.850 EPS. Analysts anticipate that The Ensign Group, Inc. will post 6.93 earnings per share for the current year.

The Ensign Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Tuesday, June 30th. The Ensign Group's dividend payout ratio (DPR) is presently 4.08%.

Insiders Place Their Bets

In other The Ensign Group news, Director John O. Agwunobi sold 392 shares of The Ensign Group stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $171.06, for a total value of $67,055.52. Following the transaction, the director owned 9,503 shares in the company, valued at approximately $1,625,583.18. The trade was a 3.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.00% of the company's stock.

About The Ensign Group

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.

Want to see what other hedge funds are holding ENSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Ensign Group, Inc. (NASDAQ:ENSG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source