L2 Asset Management LLC Buys New Holdings in The Ensign Group, Inc. $ENSG

Key Points

• L2 Asset Management purchased 7,947 shares of The Ensign Group in the second quarter, worth approximately $1.27 million. Institutional investors collectively own 96.12% of the company.
• The Ensign Group exceeded quarterly earnings expectations, reporting EPS of $1.92 versus the $1.80 consensus, while revenue rose 16.7% year over year to $1.44 billion.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $216.25, although some firms recently downgraded the stock to “Hold.” Two directors also sold shares under pre-arranged trading plans.

L2 Asset Management LLC purchased a new position in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,947 shares of the company's stock, valued at approximately $1,274,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ENSG. Paradigm Capital Management Inc. NY bought a new position in shares of The Ensign Group in the second quarter worth approximately $54,742,000. Investor s Fiduciary Advisor Network LLC bought a new stake in The Ensign Group during the 2nd quarter valued at $2,640,000. Cibc World Market Inc. bought a new stake in The Ensign Group during the 2nd quarter valued at $261,000. Sanctuary Advisors LLC purchased a new stake in The Ensign Group during the 2nd quarter valued at $909,000. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new stake in The Ensign Group during the 2nd quarter valued at $213,000. Institutional investors own 96.12% of the company's stock.

Insiders Place Their Bets

In other news, Director John O. Agwunobi sold 392 shares of The Ensign Group stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $171.06, for a total value of $67,055.52. Following the completion of the transaction, the director owned 9,503 shares of the company's stock, valued at $1,625,583.18. The trade was a 3.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Barry M. Smith sold 700 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $164.28, for a total transaction of $114,996.00. Following the sale, 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 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 currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ENSG shares. Truist Financial boosted their price objective on shares of The Ensign Group from $202.00 to $207.00 and gave the company a "hold" rating in a research report on Thursday, July 30th. 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 reissued 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, Weiss Ratings downgraded The Ensign Group from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, June 16th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, The Ensign Group presently has an average rating of "Moderate Buy" and an average price target of $216.25.

The Ensign Group Stock Performance

Shares of The Ensign Group stock opened at $179.37 on Tuesday. 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 firm has a market capitalization of $10.45 billion, a P/E ratio of 28.11, a P/E/G ratio of 1.73 and a beta of 0.68. The business has a fifty day simple moving average of $171.68 and a two-hundred day simple moving average of $184.54. The Ensign Group, Inc. has a 12 month low of $141.58 and a 12 month high of $218.00.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last announced its earnings results on Monday, July 27th. The company reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.80 by $0.12. The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.59 EPS. The Ensign Group has set its FY 2026 guidance at 7.750-7.850 EPS. On average, equities analysts forecast that The Ensign Group, Inc. will post 6.93 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, June 30th. The Ensign Group's dividend payout ratio (DPR) is 4.08%.

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.

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