Oak Associates Ltd. OH Lowers Position in The Ensign Group, Inc. $ENSG

Oak Associates Ltd. OH lessened its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 58.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 4,640 shares of the company’s stock after selling 6,551 shares during the period. Oak Associates Ltd. OH’s holdings in The Ensign Group were worth $935,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ENSG. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of The Ensign Group by 52.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 54,336 shares of the company’s stock worth $9,465,000 after acquiring an additional 18,699 shares during the last quarter. Cypress Wealth Services LLC acquired a new position in The Ensign Group in the 4th quarter valued at $1,508,000. SG Americas Securities LLC raised its stake in The Ensign Group by 70.2% in the 4th quarter. SG Americas Securities LLC now owns 38,029 shares of the company’s stock valued at $6,625,000 after purchasing an additional 15,683 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in The Ensign Group by 8.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 163,131 shares of the company’s stock valued at $28,417,000 after purchasing an additional 12,602 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in The Ensign Group by 14.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 129,756 shares of the company’s stock valued at $22,567,000 after purchasing an additional 16,853 shares in the last quarter. Hedge funds and other institutional investors own 96.12% of the company’s stock.

Insider Activity at The Ensign Group

In related 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 value of $114,996.00. Following the transaction, the director directly owned 21,352 shares in the company, valued at approximately $3,507,706.56. This represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 Trading Down 0.9%

Shares of ENSG opened at $167.52 on Friday. The Ensign Group, Inc. has a 12-month low of $136.93 and a 12-month high of $218.00. The firm has a market capitalization of $9.79 billion, a P/E ratio of 27.28, a P/E/G ratio of 1.65 and a beta of 0.69. The firm has a 50-day moving average price of $165.39 and a 200 day moving average price of $183.93. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.06.

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

The Ensign Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 30th. The Ensign Group’s payout ratio is presently 4.23%.

Analysts Set New Price Targets

ENSG has been the topic of several recent research reports. Truist Financial lowered their target price on shares of The Ensign Group from $215.00 to $202.00 and set a “hold” rating on the stock in a research note on Tuesday, July 14th. Royal Bank Of Canada reissued an “outperform” rating on shares of The Ensign Group in a research note on Tuesday, June 9th. Weiss Ratings lowered shares of The Ensign Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 16th. Zacks Research cut shares of The Ensign Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Wall Street Zen raised shares of The Ensign Group from a “hold” rating to a “buy” rating in a research note on Sunday, June 14th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $213.50.

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.