The Ensign Group, Inc. (NASDAQ:ENSG) VP Beverly B. Wittekind sold 18,166 shares of the company’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $41.51, for a total value of $754,070.66. Following the completion of the sale, the vice president now directly owns 53,816 shares of the company’s stock, valued at $2,233,902.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of NASDAQ ENSG opened at $45.95 on Friday. The stock has a market capitalization of $2.40 billion, a P/E ratio of 38.29, a PEG ratio of 1.79 and a beta of 0.65. The company has a quick ratio of 1.42, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The Ensign Group, Inc. has a 52-week low of $21.67 and a 52-week high of $47.30.
The Ensign Group (NASDAQ:ENSG) last announced its earnings results on Wednesday, October 31st. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $522.21 million during the quarter, compared to analysts’ expectations of $506.14 million. The Ensign Group had a return on equity of 16.10% and a net margin of 3.86%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. As a group, research analysts forecast that The Ensign Group, Inc. will post 1.71 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Sunday, September 30th were given a dividend of $0.045 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.18 dividend on an annualized basis and a yield of 0.39%. The Ensign Group’s payout ratio is 15.00%.
Institutional investors have recently bought and sold shares of the business. Harvest Fund Management Co. Ltd acquired a new stake in The Ensign Group during the 3rd quarter worth approximately $112,000. Pillar Pacific Capital Management LLC acquired a new stake in The Ensign Group during the 3rd quarter worth approximately $204,000. Paloma Partners Management Co acquired a new stake in The Ensign Group during the 2nd quarter worth approximately $231,000. BlueMountain Capital Management LLC acquired a new stake in The Ensign Group during the 2nd quarter worth approximately $248,000. Finally, Janus Henderson Group PLC acquired a new stake in The Ensign Group during the 2nd quarter worth approximately $265,000. 84.56% of the stock is owned by institutional investors.
ENSG has been the subject of a number of research analyst reports. Stephens reissued a “buy” rating and issued a $41.00 target price on shares of The Ensign Group in a research report on Sunday, August 5th. Zacks Investment Research cut The Ensign Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 22nd. BidaskClub cut The Ensign Group from a “buy” rating to a “hold” rating in a research report on Friday, September 14th. SunTrust Banks reissued a “buy” rating and issued a $41.00 target price on shares of The Ensign Group in a research report on Friday, August 3rd. Finally, ValuEngine cut The Ensign Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 3rd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The Ensign Group presently has an average rating of “Buy” and an average price target of $39.00.
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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