Macquarie Group Ltd. decreased its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 27.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 800 shares of the company’s stock after selling 300 shares during the period. Macquarie Group Ltd.’s holdings in The Ensign Group were worth $31,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in shares of The Ensign Group during the fourth quarter worth about $29,000. First Interstate Bank lifted its position in shares of The Ensign Group by 235.2% during the fourth quarter. First Interstate Bank now owns 1,750 shares of the company’s stock worth $68,000 after purchasing an additional 1,228 shares during the last quarter. Advisors Preferred LLC bought a new position in shares of The Ensign Group during the fourth quarter worth about $103,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of The Ensign Group by 61.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,747 shares of the company’s stock worth $145,000 after purchasing an additional 1,427 shares during the last quarter. Finally, Aptus Capital Advisors LLC bought a new position in shares of The Ensign Group during the fourth quarter worth about $202,000. 83.17% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently commented on the stock. ValuEngine cut shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 3rd. BidaskClub cut shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Finally, Zacks Investment Research cut shares of The Ensign Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.71.
In related news, CFO Suzanne D. Snapper sold 19,191 shares of the stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $47.58, for a total transaction of $913,107.78. Following the sale, the chief financial officer now owns 228,505 shares in the company, valued at $10,872,267.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.70% of the stock is owned by corporate insiders.
ENSG opened at $48.25 on Friday. The stock has a market cap of $2.58 billion, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 1.56 and a beta of 0.98. The Ensign Group, Inc. has a fifty-two week low of $27.25 and a fifty-two week high of $54.56. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.39.
The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Wednesday, February 6th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.05. The firm had revenue of $544.85 million for the quarter, compared to analyst estimates of $523.15 million. The Ensign Group had a net margin of 4.51% and a return on equity of 17.19%. The Ensign Group’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. Sell-side analysts predict that The Ensign Group, Inc. will post 2.06 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Sunday, March 31st will be paid a dividend of $0.0475 per share. This is a positive change from The Ensign Group’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.19 annualized dividend and a yield of 0.39%. The Ensign Group’s dividend payout ratio is 10.61%.
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The Ensign Group 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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