Macquarie Group Ltd. reduced its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 63.0% during the 2nd quarter, Holdings Channel reports. The firm owned 3,000 shares of the company’s stock after selling 5,100 shares during the period. Macquarie Group Ltd.’s holdings in The Ensign Group were worth $107,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Quantbot Technologies LP purchased a new position in The Ensign Group during the 1st quarter worth $105,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of The Ensign Group in the 1st quarter worth $127,000. SG Americas Securities LLC acquired a new stake in shares of The Ensign Group in the 1st quarter worth $138,000. Koch Industries Inc. acquired a new stake in shares of The Ensign Group in the 1st quarter worth $236,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of The Ensign Group in the 1st quarter worth $238,000. 84.59% of the stock is currently owned by institutional investors.
ENSG stock opened at $38.45 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The Ensign Group, Inc. has a one year low of $20.81 and a one year high of $40.64. The firm has a market capitalization of $1.98 billion, a PE ratio of 32.29, a PEG ratio of 1.48 and a beta of 0.65.
The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The Ensign Group had a net margin of 3.61% and a return on equity of 15.61%. The firm had revenue of $496.40 million during the quarter, compared to analysts’ expectations of $496.61 million. During the same quarter last year, the business earned $0.23 earnings per share. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, research analysts expect that The Ensign Group, Inc. will post 1.71 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Sunday, September 30th will be paid a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Thursday, September 27th. The Ensign Group’s dividend payout ratio (DPR) is 15.00%.
In related news, insider Christopher R. Christensen sold 84,472 shares of the firm’s stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $37.65, for a total value of $3,180,370.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John G. Nackel sold 1,000 shares of the firm’s stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $38.25, for a total transaction of $38,250.00. Following the completion of the sale, the director now owns 78,232 shares of the company’s stock, valued at approximately $2,992,374. The disclosure for this sale can be found here. Insiders sold 159,149 shares of company stock valued at $6,020,000 in the last quarter. Company insiders own 6.00% of the company’s stock.
ENSG has been the subject of several recent analyst reports. BidaskClub cut shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 30th. Zacks Investment Research cut shares of The Ensign Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Cantor Fitzgerald raised their target price on shares of The Ensign Group to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 10th. ValuEngine cut shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 3rd. Finally, SunTrust Banks restated a “buy” rating and issued a $41.00 target price on shares of The Ensign Group in a research note on Friday, August 3rd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $38.00.
The 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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