Wells Fargo & Company MN boosted its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 16.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 301,454 shares of the company’s stock after purchasing an additional 42,867 shares during the period. Wells Fargo & Company MN owned about 0.58% of The Ensign Group worth $7,927,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisor Group Inc. grew its position in The 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 in the last quarter. Millennium Management LLC purchased a new position in The Ensign Group during the fourth quarter valued at approximately $227,000. Stone Ridge Asset Management LLC purchased a new position in The Ensign Group during the fourth quarter valued at approximately $321,000. Teacher Retirement System of Texas purchased a new position in The Ensign Group during the fourth quarter valued at approximately $369,000. Finally, Corient Capital Partners LLC purchased a new position in The Ensign Group during the fourth quarter valued at approximately $415,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.
The Ensign Group opened at $37.67 on Friday, according to MarketBeat. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 1.50 and a beta of 0.68. The Ensign Group, Inc. has a 12-month low of $18.75 and a 12-month high of $40.09.
The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Wednesday, May 2nd. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.45. The firm had revenue of $492.13 million during the quarter, compared to analysts’ expectations of $485.20 million. The Ensign Group had a net margin of 3.20% and a return on equity of 14.77%. The company’s revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. analysts anticipate that The Ensign Group, Inc. will post 1.72 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Saturday, June 30th will be paid a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Thursday, June 28th. The Ensign Group’s payout ratio is 15.00%.
In other news, CFO Suzanne D. Snapper sold 3,273 shares of the business’s stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $35.00, for a total value of $114,555.00. Following the completion of the sale, the chief financial officer now directly owns 124,263 shares in the company, valued at $4,349,205. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John G. Nackel sold 8,000 shares of the business’s stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $30.90, for a total transaction of $247,200.00. Following the completion of the sale, the director now owns 77,732 shares of the company’s stock, valued at $2,401,918.80. The disclosure for this sale can be found here. Insiders sold 12,096 shares of company stock valued at $391,604 over the last 90 days. 6.00% of the stock is owned by corporate insiders.
A number of analysts have issued reports on the stock. Zacks Investment Research cut shares of The Ensign Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. Stifel Nicolaus lifted their target price on shares of The Ensign Group from $22.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, May 3rd. Oppenheimer lifted their target price on shares of The Ensign Group from $31.00 to $39.00 and gave the company an “outperform” rating in a research note on Tuesday, May 22nd. Citigroup lifted their target price on shares of The Ensign Group from $31.00 to $39.00 and gave the company an “outperform” rating in a research note on Tuesday, May 22nd. Finally, Cantor Fitzgerald lifted their target price on shares of The Ensign Group to $35.00 and gave the company an “overweight” rating in a research note on Friday, May 4th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $32.00.
About The Ensign Group
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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