Connor Clark & Lunn Investment Management Ltd. boosted its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 89.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 37,650 shares of the company’s stock after purchasing an additional 17,775 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in The Ensign Group were worth $1,428,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in ENSG. Advisors Asset Management Inc. raised its holdings in shares of The Ensign Group by 14,877.2% during the second quarter. Advisors Asset Management Inc. now owns 239,336 shares of the company’s stock valued at $103,000 after purchasing an additional 237,738 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of The Ensign Group during the third quarter valued at about $112,000. Pillar Pacific Capital Management LLC acquired a new position in shares of The Ensign Group during the third quarter valued at about $204,000. MML Investors Services LLC acquired a new position in shares of The Ensign Group during the third quarter valued at about $224,000. Finally, Paloma Partners Management Co acquired a new position in shares of The Ensign Group during the second quarter valued at about $231,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.
In other The Ensign Group news, VP Chad Keetch sold 64,039 shares of the company’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $44.90, for a total value of $2,875,351.10. Following the completion of the sale, the vice president now directly owns 70,892 shares of the company’s stock, valued at approximately $3,183,050.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John G. Nackel sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 9th. The stock was sold at an average price of $39.00, for a total transaction of $156,000.00. Following the completion of the sale, the director now directly owns 78,232 shares of the company’s stock, valued at $3,051,048. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,453 shares of company stock valued at $4,283,378. 6.00% of the stock is currently owned by insiders.
NASDAQ:ENSG opened at $45.62 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The stock has a market cap of $2.40 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 1.78 and a beta of 0.68. The Ensign Group, Inc. has a one year low of $21.67 and a one year high of $48.17.
The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Wednesday, October 31st. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. The company had revenue of $522.21 million during the quarter, compared to the consensus estimate of $506.14 million. The Ensign Group had a net margin of 3.86% and a return on equity of 16.10%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, equities analysts predict that The Ensign Group, Inc. will post 1.71 earnings per share for the current fiscal year.
ENSG has been the topic of several research reports. Zacks Investment Research lowered shares of The Ensign Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 22nd. BidaskClub downgraded shares of The Ensign Group from a “buy” rating to a “hold” rating in a research report on Friday, September 14th. Stifel Nicolaus set a $34.00 target price on shares of The Ensign Group and gave the stock a “hold” rating in a research report on Thursday, August 16th. Finally, Cantor Fitzgerald boosted their target price on shares of The Ensign Group from $42.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, November 2nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The Ensign Group currently has a consensus rating of “Buy” and a consensus price target of $40.71.
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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