Ensign Group, Inc (NASDAQ:ENSG) shares reached a new 52-week high and low during mid-day trading on Wednesday . The stock traded as low as $34.01 and last traded at $33.93, with a volume of 3220 shares trading hands. The stock had previously closed at $33.34.
Several research firms have recently issued reports on ENSG. Cantor Fitzgerald increased their price objective on shares of Ensign Group to $35.00 and gave the company an “overweight” rating in a report on Friday, May 4th. Stifel Nicolaus increased their price objective on shares of Ensign Group from $22.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, May 3rd. ValuEngine upgraded shares of Ensign Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 1st. Zacks Investment Research cut shares of Ensign Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 11th. Finally, BidaskClub upgraded shares of Ensign Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 10th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $29.20.
The company has a market cap of $1.70 billion, a P/E ratio of 28.24, a P/E/G ratio of 1.28 and a beta of 0.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.63 and a current ratio of 1.63.
Ensign Group (NASDAQ:ENSG) last released its earnings results on Wednesday, May 2nd. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. Ensign Group had a net margin of 3.20% and a return on equity of 14.77%. The business had revenue of $492.13 million during the quarter, compared to analyst estimates of $485.20 million. During the same period in the prior year, the business earned $0.34 earnings per share. The business’s quarterly revenue was up 11.4% on a year-over-year basis. research analysts anticipate that Ensign Group, Inc will post 1.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 30th. Investors of record on Saturday, March 31st were paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, March 28th. Ensign Group’s dividend payout ratio is presently 15.00%.
In related news, VP Barry Port sold 19,840 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $26.11, for a total transaction of $518,022.40. Following the completion of the sale, the vice president now directly owns 122,467 shares of the company’s stock, valued at $3,197,613.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John G. Nackel sold 8,000 shares of the stock in a transaction that occurred on Thursday, May 3rd. The shares were sold at an average price of $30.90, for a total transaction of $247,200.00. Following the sale, the director now directly owns 77,732 shares of the company’s stock, valued at $2,401,918.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,816 shares of company stock valued at $1,235,594. Company insiders own 6.00% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in Ensign Group during the first quarter valued at approximately $105,000. Advisor Group Inc. lifted its stake in Ensign Group by 104.4% during the fourth quarter. Advisor Group Inc. now owns 4,543 shares of the company’s stock valued at $101,000 after purchasing an additional 2,320 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Ensign Group during the first quarter valued at approximately $138,000. Strs Ohio purchased a new stake in shares of Ensign Group in the 4th quarter valued at approximately $142,000. Finally, Koch Industries Inc. purchased a new stake in shares of Ensign Group in the 1st quarter valued at approximately $236,000. 87.29% of the stock is owned by institutional investors and hedge funds.
Ensign Group Company Profile
The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses in the United States. It operates through 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, including daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.
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