Hsbc Holdings PLC Has $476,000 Stock Position in The Ensign Group, Inc. $ENSG

Key Points

• HSBC reduced its Ensign Group position by 81.9% in the second quarter, selling 13,408 shares and retaining 2,968 shares valued at approximately $476,000. Institutional investors collectively own 96.12% of the company.
• Analysts maintain a generally positive outlook, with four Buy ratings and two Holds. The stock has a “Moderate Buy” consensus rating and a consensus price target of $216.25.
• Ensign Group exceeded quarterly earnings expectations, reporting $1.92 in EPS versus the $1.80 estimate and $1.44 billion in revenue, up 16.7% year over year. The company also declared a $0.065 quarterly dividend, equivalent to a 0.2% annual yield.

Hsbc Holdings PLC lessened its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 81.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,968 shares of the company's stock after selling 13,408 shares during the period. Hsbc Holdings PLC's holdings in The Ensign Group were worth $476,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of The Ensign Group in the 2nd quarter worth $937,218,000. 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 worth $365,215,000 after acquiring an additional 220,329 shares during the last quarter. Geode Capital Management LLC lifted its position in The Ensign Group by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 1,498,673 shares of the company's stock valued at $261,107,000 after acquiring an additional 49,117 shares in the last quarter. Norges Bank bought a new stake in The Ensign Group during the 4th quarter worth approximately $134,660,000. Finally, Franklin Resources Inc. raised its stake in shares of The Ensign Group by 20.6% in the fourth quarter. Franklin Resources Inc. now owns 630,380 shares of the company's stock worth $109,812,000 after purchasing an additional 107,689 shares during the last quarter. Institutional investors own 96.12% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ENSG. Wall Street Zen lowered The Ensign Group from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Royal Bank Of Canada reiterated an "outperform" rating and set a $228.00 price target on shares of The Ensign Group in a report on Tuesday, July 28th. Truist Financial upped their price target on The Ensign Group from $202.00 to $207.00 and gave the stock a "hold" rating in a report on Thursday, July 30th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of The Ensign Group in a research report on Friday. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $216.25.

Insider Activity at The Ensign Group

In related news, Director John 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 sale, the director owned 9,503 shares of the company's stock, valued at approximately $1,625,583.18. The trade was a 3.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 Down 1.2%

Shares of NASDAQ:ENSG opened at $172.75 on Wednesday. The Ensign Group, Inc. has a 1 year low of $141.58 and a 1 year high of $218.00. The company has a market capitalization of $10.07 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 1.66 and a beta of 0.69. The business has a fifty day moving average price of $175.45 and a two-hundred day moving average price of $180.83. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.21.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The company reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.80 by $0.12. The company had revenue of $1.44 billion for 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 firm's quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.59 EPS. The Ensign Group has set its FY 2026 guidance at 7.750-7.850 EPS. Analysts forecast that The Ensign Group, Inc. will post 7.04 earnings per share for the current year.

The Ensign Group Dividend Announcement

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

About The Ensign Group

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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