Wall Street Zen Downgrades The Ensign Group (NASDAQ:ENSG) to Hold

The Ensign Group (NASDAQ:ENSG) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

ENSG has been the subject of several other reports. Zacks Research downgraded shares of The Ensign Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of The Ensign Group in a research report on Tuesday, June 9th. Weiss Ratings downgraded The Ensign Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 16th. Finally, Truist Financial decreased their target price on The Ensign Group from $215.00 to $202.00 and set a “hold” rating for the company in a research report on Tuesday, July 14th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $213.50.

The Ensign Group Stock Performance

Shares of ENSG stock opened at $172.99 on Friday. The firm has a 50 day moving average of $165.30 and a 200-day moving average of $183.91. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 1.69 and a beta of 0.69. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.06. The Ensign Group has a 52 week low of $141.58 and a 52 week high of $218.00.

The Ensign Group (NASDAQ:ENSG) last released its earnings results on Thursday, April 30th. The company reported $1.85 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the company earned $1.52 EPS. The Ensign Group has set its FY 2026 guidance at 7.480-7.620 EPS. On average, equities analysts forecast that The Ensign Group will post 6.82 earnings per share for the current year.

Insider Buying and Selling

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $164.28, for a total transaction of $114,996.00. Following the completion of the sale, the director owned 21,352 shares in the company, valued at approximately $3,507,706.56. The trade was a 3.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ENSG. Baillie Gifford & Co. raised its holdings in shares of The Ensign Group by 62.1% in the 4th quarter. Baillie Gifford & Co. now owns 4,569,254 shares of the company’s stock worth $795,964,000 after acquiring an additional 1,750,645 shares during the last quarter. Wasatch Advisors LP boosted its stake in The Ensign Group by 6.0% during the 2nd quarter. Wasatch Advisors LP now owns 3,558,675 shares of the company’s stock valued at $548,961,000 after purchasing an additional 199,983 shares during the last quarter. Geode Capital Management LLC increased its holdings in The Ensign Group by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 1,498,673 shares of the company’s stock worth $261,107,000 after purchasing an additional 49,117 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in The Ensign Group by 9.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,332,505 shares of the company’s stock worth $232,124,000 after purchasing an additional 118,110 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of The Ensign Group by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,090,838 shares of the company’s stock worth $190,033,000 after purchasing an additional 5,458 shares during the last quarter. 96.12% of the stock is currently owned by institutional investors and hedge funds.

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.