Harvest Fund Management Co. Ltd acquired a new position in The Ensign Group, Inc. (NASDAQ:ENSG) during the third quarter, HoldingsChannel reports. The institutional investor acquired 2,960 shares of the company’s stock, valued at approximately $112,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Pillar Pacific Capital Management LLC purchased a new stake in The Ensign Group in the third quarter worth about $204,000. Paloma Partners Management Co purchased a new stake in The Ensign Group in the second quarter worth about $231,000. BlueMountain Capital Management LLC purchased a new stake in The Ensign Group in the second quarter worth about $248,000. Janus Henderson Group PLC purchased a new stake in The Ensign Group in the second quarter worth about $265,000. Finally, Amalgamated Bank purchased a new stake in The Ensign Group in the second quarter worth about $287,000. Institutional investors and hedge funds own 84.70% of the company’s stock.
ENSG has been the topic of a number of recent research reports. Stephens restated a “buy” rating and issued a $41.00 price objective on shares of The Ensign Group in a report on Sunday, August 5th. SunTrust Banks restated a “buy” rating and issued a $41.00 price objective on shares of The Ensign Group in a report on Friday, August 3rd. ValuEngine cut shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Friday, August 3rd. BidaskClub cut shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 1st. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $42.00 price objective on shares of The Ensign Group in a report on Monday, July 30th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $39.00.
In related news, CFO Suzanne D. Snapper sold 47,039 shares of the 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 transaction, the chief financial officer now owns 159,561 shares in the company, valued at $6,103,208.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Beverly B. Wittekind sold 18,166 shares of the stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $41.51, for a total transaction of $754,070.66. Following the transaction, the vice president now owns 53,816 shares in the company, valued at approximately $2,233,902.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,933 shares of company stock worth $2,968,346. Corporate insiders own 6.00% of the company’s stock.
NASDAQ:ENSG opened at $45.95 on Monday. The Ensign Group, Inc. has a 52 week low of $21.67 and a 52 week high of $47.30. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $2.40 billion, a PE ratio of 28.72, a PEG ratio of 1.79 and a beta of 0.65.
The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Wednesday, October 31st. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.01. The Ensign Group had a net margin of 3.86% and a return on equity of 16.10%. The firm had revenue of $522.21 million for the quarter, compared to analysts’ expectations of $506.14 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities analysts predict that The Ensign Group, Inc. will post 1.71 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Sunday, September 30th were issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Thursday, September 27th. The Ensign Group’s payout ratio is 15.00%.
The Ensign Group 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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