HighTower Advisors LLC Decreases Holdings in The Ensign Group, Inc. $ENSG

HighTower Advisors LLC trimmed its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 62.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,420 shares of the company's stock after selling 17,274 shares during the period. HighTower Advisors LLC's holdings in The Ensign Group were worth $1,670,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Transamerica Financial Advisors LLC purchased a new stake in The Ensign Group during the second quarter worth about $26,000. Monetary Solutions Ltd bought a new position in shares of The Ensign Group during the 4th quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. grew its position in shares of The Ensign Group by 55.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 172 shares of the company's stock valued at $30,000 after acquiring an additional 61 shares during the period. Bayban purchased a new stake in shares of The Ensign Group during the 4th quarter worth approximately $31,000. Finally, Caitlin John LLC purchased a new stake in shares of The Ensign Group during the 2nd quarter worth approximately $31,000. 96.12% of the stock is owned by hedge funds and other institutional investors.

The Ensign Group Price Performance

Shares of NASDAQ:ENSG opened at $173.98 on Monday. 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 firm has a market capitalization of $10.14 billion, a PE ratio of 27.27, a P/E/G ratio of 1.65 and a beta of 0.69. The Ensign Group, Inc. has a twelve month low of $141.58 and a twelve month high of $218.00. The company has a 50-day moving average price of $175.25 and a two-hundred day moving average price of $181.38.

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

The Ensign Group Announces Dividend

The firm 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 was Tuesday, June 30th. The Ensign Group's payout ratio is currently 4.08%.

Insider Transactions at The Ensign Group

In other The Ensign Group news, Director John Agwunobi sold 392 shares of the stock in a transaction 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 sale, the director owned 9,503 shares in the company, valued at $1,625,583.18. This represents a 3.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Truist Financial lifted their price target on shares of The Ensign Group from $202.00 to $207.00 and gave the stock a "hold" rating in a report on Thursday, July 30th. Royal Bank Of Canada reissued an "outperform" rating and set 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 research report on Saturday, July 25th. Finally, Weiss Ratings lowered The Ensign Group from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, June 16th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $216.25.

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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