The Ensign Group, Inc. (NASDAQ:ENSG) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 964,898 shares, a decline of 24.0% from the February 15th total of 1,270,114 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average trading volume of 400,164 shares, the days-to-cover ratio is presently 2.4 days.
In other news, CFO Suzanne D. Snapper sold 9,296 shares of The Ensign Group stock in a transaction that occurred on Thursday, January 10th. The stock was sold at an average price of $41.54, for a total transaction of $386,155.84. Following the completion of the transaction, the chief financial officer now directly owns 201,141 shares in the company, valued at approximately $8,355,397.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Suzanne D. Snapper sold 19,191 shares of The Ensign Group stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $47.58, for a total value of $913,107.78. Following the transaction, the chief financial officer now owns 228,505 shares of the company’s stock, valued at $10,872,267.90. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. raised its holdings in The Ensign Group by 64.8% in the 4th quarter. American Century Companies Inc. now owns 430,707 shares of the company’s stock valued at $16,707,000 after acquiring an additional 169,338 shares in the last quarter. Geode Capital Management LLC raised its holdings in The Ensign Group by 11.2% in the 4th quarter. Geode Capital Management LLC now owns 572,857 shares of the company’s stock valued at $22,220,000 after acquiring an additional 57,822 shares in the last quarter. Norges Bank acquired a new position in The Ensign Group in the 4th quarter valued at $26,625,000. FMR LLC raised its holdings in The Ensign Group by 65.5% in the 4th quarter. FMR LLC now owns 768 shares of the company’s stock valued at $30,000 after acquiring an additional 304 shares in the last quarter. Finally, Psagot Investment House Ltd. raised its holdings in The Ensign Group by 113.3% in the 4th quarter. Psagot Investment House Ltd. now owns 32,000 shares of the company’s stock valued at $1,241,000 after acquiring an additional 17,000 shares in the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.
NASDAQ:ENSG opened at $50.47 on Friday. The company has a market cap of $2.67 billion, a P/E ratio of 28.20, a PEG ratio of 1.61 and a beta of 0.98. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.39. The Ensign Group has a 1-year low of $25.80 and a 1-year high of $54.56.
The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Wednesday, February 6th. The company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The business had revenue of $544.85 million during the quarter, compared to analysts’ expectations of $523.15 million. The Ensign Group had a return on equity of 17.19% and a net margin of 4.51%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $0.40 EPS. As a group, equities research analysts forecast that The Ensign Group will post 2.06 earnings per share for the current year.
Several analysts recently weighed in on ENSG shares. BidaskClub cut The Ensign Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Zacks Investment Research cut The Ensign Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $40.71.
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The Ensign Group Company Profile
The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in 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, such as daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.
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