Steinberg Global Asset Management cut its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 90,409 shares of the company’s stock after selling 3,377 shares during the quarter. Steinberg Global Asset Management’s holdings in The Ensign Group were worth $3,428,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Harvest Fund Management Co. Ltd purchased a new position in shares of The Ensign Group during the third quarter worth approximately $112,000. Pillar Pacific Capital Management LLC purchased a new position in shares of The Ensign Group during the third quarter worth approximately $204,000. Paloma Partners Management Co purchased a new position in shares of The Ensign Group during the second quarter worth approximately $231,000. BlueMountain Capital Management LLC purchased a new position in shares of The Ensign Group during the second quarter worth approximately $248,000. Finally, Janus Henderson Group PLC purchased a new position in shares of The Ensign Group during the second quarter worth approximately $265,000. 84.56% of the stock is currently owned by institutional investors and hedge funds.
ENSG has been the topic of several research reports. BidaskClub lowered shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Friday, September 7th. Zacks Investment Research lowered shares of The Ensign Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 22nd. Stephens reissued a “buy” rating and set a $41.00 price objective on shares of The Ensign Group in a report on Sunday, August 5th. SunTrust Banks reissued a “buy” rating and set a $41.00 price objective on shares of The Ensign Group in a report on Friday, August 3rd. Finally, Stifel Nicolaus set a $34.00 price objective on shares of The Ensign Group and gave the company a “hold” rating in a report on Thursday, August 16th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $38.00.
In other The Ensign Group news, Director John G. Nackel sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, October 5th. The shares were sold at an average price of $38.25, for a total value of $38,250.00. Following the completion of the sale, the director now directly owns 78,232 shares in the company, valued at $2,992,374. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Suzanne D. Snapper sold 47,039 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $38.25, for a total transaction of $1,799,241.75. Following the completion of the sale, the chief financial officer now owns 159,561 shares of the company’s stock, valued at $6,103,208.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,933 shares of company stock valued at $2,968,346. 6.00% of the stock is owned by insiders.
Shares of ENSG stock opened at $41.65 on Friday. The company has a market cap of $1.95 billion, a P/E ratio of 34.71, a price-to-earnings-growth ratio of 1.46 and a beta of 0.65. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The Ensign Group, Inc. has a 52-week low of $21.67 and a 52-week high of $43.76.
The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings data on Wednesday, October 31st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.01. The company had revenue of $522.21 million for the quarter, compared to analyst estimates of $506.14 million. The Ensign Group had a net margin of 3.61% and a return on equity of 15.61%. The Ensign Group’s revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company posted $0.28 earnings per share. Sell-side analysts anticipate that The Ensign Group, Inc. will post 1.71 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Sunday, September 30th were issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Thursday, September 27th. The Ensign Group’s payout ratio is 15.00%.
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.
Recommended Story: What Does Beta Mean In Stock Selection
Want to see what other hedge funds are holding ENSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Ensign Group, Inc. (NASDAQ:ENSG).
Receive News & Ratings for The Ensign Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Ensign Group and related companies with MarketBeat.com's FREE daily email newsletter.