Bank of New York Mellon Corp Purchases New Stake in The Ensign Group, Inc. $ENSG

Bank of New York Mellon Corp acquired a new position in The Ensign Group, Inc. (NASDAQ:ENSG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 408,418 shares of the company’s stock, valued at approximately $65,470,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of The Ensign Group by 52.5% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 54,336 shares of the company’s stock valued at $9,465,000 after buying an additional 18,699 shares during the period. Sanctuary Advisors LLC raised its stake in The Ensign Group by 594.9% during the 4th quarter. Sanctuary Advisors LLC now owns 24,510 shares of the company’s stock worth $4,270,000 after buying an additional 20,983 shares during the period. NewEdge Wealth LLC acquired a new stake in The Ensign Group during the 4th quarter worth $5,224,000. Norges Bank bought a new position in The Ensign Group during the fourth quarter worth about $134,660,000. Finally, Mawer Investment Management Ltd. lifted its holdings in The Ensign Group by 15.8% during the fourth quarter. Mawer Investment Management Ltd. now owns 126,186 shares of the company’s stock worth $21,982,000 after acquiring an additional 17,225 shares in the last quarter. 96.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on ENSG shares. 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. Wall Street Zen lowered The Ensign Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Truist Financial lifted their price objective on The Ensign Group from $202.00 to $207.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Finally, Weiss Ratings lowered The Ensign Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 16th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, The Ensign Group has an average rating of “Moderate Buy” and a consensus target price of $216.25.

Insider Activity at The Ensign Group

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $164.28, for a total transaction of $114,996.00. Following the completion of the transaction, the director owned 21,352 shares of the company’s stock, valued at $3,507,706.56. This represents a 3.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John O. Agwunobi sold 392 shares of the firm’s 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 of the company’s stock, valued at $1,625,583.18. This 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. Insiders own 4.00% of the company’s stock.

The Ensign Group Price Performance

ENSG stock opened at $180.63 on Thursday. The stock has a 50-day moving average price of $172.62 and a two-hundred day moving average price of $184.47. The Ensign Group, Inc. has a 1 year low of $141.58 and a 1 year high of $218.00. The stock has a market cap of $10.53 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 1.72 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 (NASDAQ:ENSG) last issued its quarterly 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 company had revenue of $1.44 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the company posted $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 6.93 EPS 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 was Tuesday, June 30th. This represents a $0.26 annualized dividend and a yield of 0.1%. The Ensign Group’s payout ratio is presently 4.08%.

The Ensign Group Company 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.