The Ensign Group, Inc. (NASDAQ:ENSG) has earned a consensus recommendation of “Buy” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $39.33.
A number of brokerages recently issued reports on ENSG. ValuEngine lowered shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Friday, August 3rd. Cantor Fitzgerald reiterated a “buy” rating and issued a $42.00 price objective on shares of The Ensign Group in a report on Monday, July 30th. BidaskClub upgraded shares of The Ensign Group from a “buy” rating to a “strong-buy” rating in a report on Friday, August 17th. 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. Finally, Zacks Investment Research lowered shares of The Ensign Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 22nd.
In other The Ensign Group news, 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 transaction, the chief financial officer now owns 159,561 shares in the company, valued at approximately $6,103,208.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Christopher R. Christensen sold 21,241 shares of the firm’s stock in a transaction that occurred on Monday, July 16th. The stock was sold at an average price of $37.42, for a total transaction of $794,838.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 154,149 shares of company stock valued at $5,825,750. Company insiders own 6.00% of the company’s stock.
Several hedge funds have recently made changes to their positions in ENSG. Advisors Asset Management Inc. grew its position in shares of The Ensign Group by 14,877.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 239,336 shares of the company’s stock worth $103,000 after buying an additional 237,738 shares during the period. Quantbot Technologies LP acquired a new stake in shares of The Ensign Group during the 1st quarter worth approximately $105,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of The Ensign Group during the 1st quarter worth approximately $127,000. SG Americas Securities LLC acquired a new stake in shares of The Ensign Group during the 1st quarter worth approximately $138,000. Finally, Millennium Management LLC acquired a new stake in The Ensign Group in the 4th quarter valued at $227,000. 84.59% of the stock is owned by institutional investors.
Shares of ENSG traded up $0.67 during mid-day trading on Thursday, reaching $37.62. The company had a trading volume of 116,716 shares, compared to its average volume of 246,041. The Ensign Group has a 1-year low of $20.81 and a 1-year high of $40.09. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The company has a market cap of $1.89 billion, a P/E ratio of 30.98, a PEG ratio of 1.41 and a beta of 0.65.
The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $496.40 million during the quarter, compared to analyst estimates of $496.61 million. The Ensign Group had a net margin of 3.61% and a return on equity of 15.61%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business earned $0.23 EPS. equities analysts forecast that The Ensign Group will post 1.71 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Sunday, September 30th will be issued a dividend of $0.045 per share. The ex-dividend date is Thursday, September 27th. This represents a $0.18 annualized dividend and a yield of 0.48%. The Ensign Group’s payout ratio is 15.00%.
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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