Bridge City Capital LLC Sells 10,614 Shares of The Ensign Group, Inc. $ENSG

Bridge City Capital LLC lowered its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 15.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,279 shares of the company’s stock after selling 10,614 shares during the period. The Ensign Group makes up approximately 3.1% of Bridge City Capital LLC’s portfolio, making the stock its biggest holding. Bridge City Capital LLC’s holdings in The Ensign Group were worth $10,501,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ENSG. Baillie Gifford & Co. increased its holdings in shares of The Ensign Group by 62.1% in the fourth quarter. Baillie Gifford & Co. now owns 4,569,254 shares of the company’s stock valued at $795,964,000 after purchasing an additional 1,750,645 shares during the period. Norges Bank acquired a new position in shares of The Ensign Group in the fourth quarter valued at approximately $134,660,000. Turtle Creek Asset Management Inc. acquired a new position in shares of The Ensign Group in the third quarter valued at approximately $78,840,000. Victory Capital Management Inc. increased its holdings in shares of 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 purchasing an additional 339,534 shares during the period. Finally, Wasatch Advisors LP grew its holdings in 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 acquiring an additional 199,983 shares during the period. Institutional investors and hedge funds own 96.12% of the company’s stock.

The Ensign Group Stock Up 1.5%

The Ensign Group stock opened at $149.37 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 1.46 and a beta of 0.68. The Ensign Group, Inc. has a fifty-two week low of $134.79 and a fifty-two week high of $218.00. The stock’s fifty day moving average is $179.92 and its two-hundred day moving average is $186.73.

The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Thursday, April 30th. The company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.06. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.40 billion. The Ensign Group had a return on equity of 16.78% and a net margin of 6.89%.The Ensign Group’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.52 earnings per share. The Ensign Group has set its FY 2026 guidance at 7.480-7.620 EPS. Analysts predict that The Ensign Group, Inc. will post 6.82 EPS for the current fiscal year.

The Ensign Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were issued a $0.065 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.26 annualized dividend and a yield of 0.2%. The Ensign Group’s dividend payout ratio is 4.23%.

Insider Buying and Selling at The Ensign Group

In other The Ensign Group news, Director John O. Agwunobi sold 392 shares of the company’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $199.97, for a total value of $78,388.24. Following the sale, the director owned 9,295 shares of the company’s stock, valued at approximately $1,858,721.15. This represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $164.28, for a total value of $114,996.00. Following the completion of 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 2,592 shares of company stock worth $478,246 in the last three months. 4.00% of the stock is owned by corporate insiders.

Key Headlines Impacting The Ensign Group

Here are the key news stories impacting The Ensign Group this week:

• Positive Sentiment: No meaningful positive company-specific catalyst was reported in the latest news flow.
• Neutral Sentiment: Multiple law firms announced or continued investigations into possible securities-law violations and are urging investors who lost money in ENSG to contact them about potential claims. Article Title
• Neutral Sentiment: Another shareholder law firm said it is investigating ENSG after allegations that the company may have issued materially misleading business information. Article Title
• Negative Sentiment: A report attributed to Muddy Waters raised compliance concerns, and the stock dropped sharply on the news, with allegations that Ensign may have gamed CMS quality ratings and engaged in improper billing practices. Article Title

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Zacks Research lowered The Ensign Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Wall Street Zen raised The Ensign Group from a “hold” rating to a “buy” rating in a report on Sunday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of The Ensign Group in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of The Ensign Group in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, The Ensign Group has a consensus rating of “Moderate Buy” and an average target price of $216.75.

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.