Onex Canada Asset Management Inc. Increases Stock Holdings in The Ensign Group, Inc. $ENSG

Onex Canada Asset Management Inc. grew its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 30.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,483 shares of the company’s stock after purchasing an additional 17,972 shares during the quarter. The Ensign Group makes up about 1.7% of Onex Canada Asset Management Inc.’s holdings, making the stock its 19th biggest position. Onex Canada Asset Management Inc. owned 0.13% of The Ensign Group worth $13,214,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Baillie Gifford & Co. raised its stake in The Ensign Group by 96.2% during the 3rd quarter. Baillie Gifford & Co. now owns 2,818,609 shares of the company’s stock worth $486,971,000 after acquiring an additional 1,382,035 shares in the last quarter. Norges Bank purchased a new stake in The Ensign Group in the second quarter valued at $105,400,000. Victory Capital Management Inc. boosted its stake in The Ensign Group by 195.4% in the third quarter. Victory Capital Management Inc. now owns 513,328 shares of the company’s stock valued at $88,688,000 after acquiring an additional 339,534 shares in the last quarter. Wasatch Advisors LP grew its holdings in shares of The Ensign Group by 6.0% during the second quarter. Wasatch Advisors LP now owns 3,558,675 shares of the company’s stock worth $548,961,000 after purchasing an additional 199,983 shares during the last quarter. Finally, Hood River Capital Management LLC increased its position in shares of The Ensign Group by 61.4% during the second quarter. Hood River Capital Management LLC now owns 492,016 shares of the company’s stock worth $75,898,000 after purchasing an additional 187,262 shares in the last quarter. Hedge funds and other institutional investors own 96.12% of the company’s stock.

The Ensign Group Stock Performance

NASDAQ ENSG opened at $209.71 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.06. The Ensign Group, Inc. has a 52-week low of $118.73 and a 52-week high of $218.00. The business’s 50-day moving average price is $194.20 and its 200 day moving average price is $182.89. The firm has a market cap of $12.15 billion, a P/E ratio of 35.91, a P/E/G ratio of 2.04 and a beta of 0.83.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.07. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.37 billion. The Ensign Group had a return on equity of 16.76% and a net margin of 6.80%.The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.49 EPS. The Ensign Group has set its FY 2026 guidance at 7.410-7.610 EPS. On average, equities research analysts expect that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

The Ensign Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Wednesday, December 31st were given a $0.065 dividend. This is a positive change from The Ensign Group’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, December 31st. This represents a $0.26 dividend on an annualized basis and a yield of 0.1%. The Ensign Group’s payout ratio is 4.45%.

Wall Street Analysts Forecast Growth

ENSG has been the subject of several research reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $222.00 target price (up from $206.00) on shares of The Ensign Group in a report on Monday, February 9th. Wall Street Zen upgraded The Ensign Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of The Ensign Group in a research report on Thursday, January 22nd. UBS Group set a $230.00 price objective on The Ensign Group and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, Zacks Research raised The Ensign Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $204.60.

Insider Transactions at The Ensign Group

In other The Ensign Group news, Director Daren Shaw sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $213.43, for a total value of $213,430.00. Following the transaction, the director directly owned 23,726 shares of the company’s stock, valued at approximately $5,063,840.18. The trade was a 4.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Suzanne D. Snapper sold 8,258 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $194.48, for a total transaction of $1,606,015.84. Following the transaction, the chief financial officer owned 277,462 shares of the company’s stock, valued at approximately $53,960,809.76. The trade was a 2.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 19,073 shares of company stock worth $3,693,390 over the last quarter. 3.90% of the stock is currently owned by corporate insiders.

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.