BidaskClub upgraded shares of The Ensign Group (NASDAQ:ENSG) from a buy rating to a strong-buy rating in a report published on Saturday, March 10th.
A number of other brokerages have also commented on ENSG. Stifel Nicolaus set a $22.00 price target on The Ensign Group and gave the stock a hold rating in a research note on Friday, February 9th. SunTrust Banks set a $29.00 price objective on The Ensign Group and gave the company a buy rating in a research report on Friday, February 9th. Zacks Investment Research raised The Ensign Group from a hold rating to a buy rating and set a $29.00 price objective for the company in a research report on Friday, February 16th. ValuEngine lowered The Ensign Group from a buy rating to a hold rating in a research report on Tuesday, November 14th. Finally, Royal Bank of Canada reissued a buy rating on shares of The Ensign Group in a research report on Monday, February 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The Ensign Group currently has a consensus rating of Buy and a consensus price target of $26.80.
Shares of The Ensign Group (NASDAQ ENSG) traded down $0.12 during mid-day trading on Friday, reaching $28.05. The company had a trading volume of 965,132 shares, compared to its average volume of 245,422. The Ensign Group has a 12 month low of $16.50 and a 12 month high of $29.24. The stock has a market capitalization of $1,450.33, a price-to-earnings ratio of 36.91, a price-to-earnings-growth ratio of 1.11 and a beta of 0.62. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.63 and a quick ratio of 1.63.
The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. The Ensign Group had a return on equity of 13.87% and a net margin of 2.19%. The company had revenue of $487.70 million during the quarter, compared to analyst estimates of $457.91 million. During the same quarter last year, the firm posted $0.30 earnings per share. The firm’s revenue was up 12.6% on a year-over-year basis. research analysts predict that The Ensign Group will post 1.69 EPS for the current year.
In other news, Director Antoinette T. Hubenette sold 18,330 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $23.70, for a total transaction of $434,421.00. Following the completion of the transaction, the director now directly owns 44,456 shares in the company, valued at $1,053,607.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Beverly B. Wittekind sold 9,664 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $23.60, for a total value of $228,070.40. Following the transaction, the vice president now owns 51,320 shares of the company’s stock, valued at $1,211,152. The disclosure for this sale can be found here. Insiders have sold 117,310 shares of company stock valued at $2,930,044 in the last three months. Insiders own 6.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENSG. Eversept Partners LLC bought a new stake in The Ensign Group in the 4th quarter worth about $7,379,000. Russell Investments Group Ltd. increased its holdings in The Ensign Group by 59.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 502,129 shares of the company’s stock worth $11,342,000 after buying an additional 186,533 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in The Ensign Group in the 4th quarter worth about $3,951,000. LSV Asset Management increased its holdings in The Ensign Group by 20.7% in the 4th quarter. LSV Asset Management now owns 952,070 shares of the company’s stock worth $21,135,000 after buying an additional 163,007 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in The Ensign Group by 2.4% in the 4th quarter. BlackRock Inc. now owns 6,156,602 shares of the company’s stock worth $136,676,000 after buying an additional 145,405 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.
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About The Ensign Group
The Ensign Group, Inc, through its operating subsidiaries, provides healthcare services across the post-acute care continuum, as well as other ancillary businesses located in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Texas, Utah, Washington and Wisconsin.
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