Shares of The Ensign Group, Inc. (NASDAQ:ENSG) have been assigned an average recommendation of “Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $44.80.
ENSG has been the topic of several research reports. ValuEngine lowered The Ensign Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 3rd. Oppenheimer increased their target price on The Ensign Group from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. BidaskClub downgraded The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Finally, Zacks Investment Research downgraded The Ensign Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 9th.
In other news, VP Beverly B. Wittekind sold 868 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $53.17, for a total value of $46,151.56. Following the transaction, the vice president now owns 54,462 shares in the company, valued at approximately $2,895,744.54. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Suzanne D. Snapper sold 2,982 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $53.17, for a total value of $158,552.94. Following the completion of the transaction, the chief financial officer now owns 223,216 shares in the company, valued at approximately $11,868,394.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,547 shares of company stock worth $242,252. 6.70% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. QS Investors LLC increased its holdings in shares of The Ensign Group by 0.3% in the 4th quarter. QS Investors LLC now owns 72,971 shares of the company’s stock valued at $2,831,000 after acquiring an additional 200 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of The Ensign Group by 1.5% in the 1st quarter. State of Alaska Department of Revenue now owns 16,697 shares of the company’s stock valued at $854,000 after acquiring an additional 250 shares during the last quarter. FMR LLC increased its holdings in shares of The Ensign Group by 65.5% in the 4th quarter. FMR LLC now owns 768 shares of the company’s stock valued at $30,000 after acquiring an additional 304 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of The Ensign Group by 86.4% in the 4th quarter. Advisory Services Network LLC now owns 727 shares of the company’s stock valued at $28,000 after acquiring an additional 337 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of The Ensign Group by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 19,047 shares of the company’s stock valued at $975,000 after acquiring an additional 344 shares during the last quarter. Institutional investors and hedge funds own 81.09% of the company’s stock.
ENSG traded up $0.89 during mid-day trading on Friday, hitting $56.17. 3,902 shares of the stock were exchanged, compared to its average volume of 259,879. The firm’s fifty day moving average price is $55.21. The Ensign Group has a 1-year low of $34.69 and a 1-year high of $58.35. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.87. The company has a market cap of $3.00 billion, a P/E ratio of 31.32, a PEG ratio of 1.79 and a beta of 0.86.
The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Monday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.01. The Ensign Group had a return on equity of 17.23% and a net margin of 4.59%. The firm had revenue of $549.21 million for the quarter, compared to analyst estimates of $545.09 million. During the same quarter in the prior year, the company earned $0.45 EPS. The Ensign Group’s revenue was up 11.6% on a year-over-year basis. Sell-side analysts anticipate that The Ensign Group will post 2.11 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Sunday, June 30th will be issued a dividend of $0.0475 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.19 annualized dividend and a yield of 0.34%. The Ensign Group’s dividend payout ratio (DPR) is 10.61%.
About The Ensign Group
The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in three segments: Transitional and Skilled Services; Assisted and Independent Living Services; and Home Health and Hospice Services. The Transitional and Skilled Services segment offers a range of medical, nursing, rehabilitative, and pharmacy services, as well as routine services, such as daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.
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