Emerald Investment Advisers LLC Purchases Shares of 43,732 The Ensign Group, Inc. $ENSG

Key Points

• Emerald Investment Advisers purchased 43,732 shares of The Ensign Group in the second quarter, valued at approximately $7.0 million. Institutional investors collectively own 96.12% of the company.
• The Ensign Group exceeded quarterly earnings expectations, reporting $1.92 in EPS versus the $1.80 consensus estimate, while revenue rose 16.7% year over year to $1.44 billion.
• Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $216.25, compared with a recent price of $179.48.

Emerald Investment Advisers LLC purchased a new stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 43,732 shares of the company's stock, valued at approximately $7,010,000. Emerald Investment Advisers LLC owned approximately 0.08% of The Ensign Group at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in The Ensign Group during the second quarter valued at $937,218,000. Norges Bank bought a new position in The Ensign Group in the 4th quarter worth about $134,660,000. Turtle Creek Asset Management Inc. bought a new position in The Ensign Group in the 3rd quarter worth about $78,840,000. Bank of New York Mellon Corp bought a new position in The Ensign Group in the 2nd quarter worth about $65,470,000. Finally, Wasatch Advisors LP raised its holdings in shares of The Ensign Group by 10.7% in the 2nd quarter. Wasatch Advisors LP now owns 2,278,324 shares of the company's stock valued at $365,215,000 after acquiring an additional 220,329 shares in the last quarter. Institutional investors own 96.12% of the company's stock.

The Ensign Group Stock Down 0.2%

ENSG opened at $179.48 on Friday. The business's fifty day simple moving average is $171.11 and its 200 day simple moving average is $184.42. The Ensign Group, Inc. has a 52 week low of $141.58 and a 52 week high of $218.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.06. The stock has a market cap of $10.46 billion, a PE ratio of 28.13, a P/E/G ratio of 1.73 and a beta of 0.68.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.80 by $0.12. The firm 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 company's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 EPS. The Ensign Group has set its FY 2026 guidance at 7.750-7.850 EPS. As a group, research analysts expect that The Ensign Group, Inc. will post 6.93 earnings per share for the current fiscal year.

The Ensign Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were paid a $0.065 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.26 annualized dividend and a yield of 0.1%. The Ensign Group's dividend payout ratio is currently 4.08%.

Insider Activity at The Ensign Group

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $164.28, for a total transaction of $114,996.00. Following the transaction, the director directly owned 21,352 shares in the company, valued at $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 available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John O. Agwunobi sold 392 shares of The Ensign Group stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $171.06, for a total transaction of $67,055.52. Following the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ENSG has been the subject of a number of research analyst reports. Weiss Ratings downgraded The Ensign Group from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, June 16th. Truist Financial upped 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 report on Thursday, July 30th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $228.00 target price on shares of The Ensign Group in a research note on Tuesday, July 28th. Finally, Wall Street Zen lowered shares of The Ensign Group from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $216.25.

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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