Oppenheimer & Co. Inc. raised its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 77.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,672 shares of the company’s stock after purchasing an additional 3,793 shares during the period. Oppenheimer & Co. Inc.’s holdings in The Ensign Group were worth $494,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Martingale Asset Management L P grew its stake in shares of The Ensign Group by 12.0% in the 1st quarter. Martingale Asset Management L P now owns 154,824 shares of the company’s stock valued at $7,927,000 after buying an additional 16,602 shares during the period. SG Americas Securities LLC boosted its holdings in The Ensign Group by 21.6% in the second quarter. SG Americas Securities LLC now owns 7,263 shares of the company’s stock worth $413,000 after acquiring an additional 1,290 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in The Ensign Group in the second quarter worth approximately $64,000. State of Alaska Department of Revenue grew its stake in The Ensign Group by 1.6% in the second quarter. State of Alaska Department of Revenue now owns 16,960 shares of the company’s stock valued at $965,000 after acquiring an additional 263 shares during the period. Finally, NumerixS Investment Technologies Inc acquired a new stake in The Ensign Group in the first quarter valued at approximately $120,000. 82.17% of the stock is owned by hedge funds and other institutional investors.
Shares of ENSG traded up $0.04 during trading hours on Wednesday, reaching $48.39. 32,457 shares of the stock traded hands, compared to its average volume of 234,061. The Ensign Group, Inc. has a 52 week low of $35.69 and a 52 week high of $63.00. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 1.50 and a beta of 0.91. The stock has a fifty day simple moving average of $52.47 and a 200 day simple moving average of $53.08. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.85.
The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. The business had revenue of $575.65 million during the quarter, compared to the consensus estimate of $574.24 million. The Ensign Group had a net margin of 4.74% and a return on equity of 17.32%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. Analysts predict that The Ensign Group, Inc. will post 2.11 earnings per share for the current fiscal year.
In other The Ensign Group news, insider Spencer Burton sold 1,000 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $60.00, for a total value of $60,000.00. Following the completion of the transaction, the insider now owns 19,351 shares in the company, valued at approximately $1,161,060. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 2,612 shares of company stock valued at $149,118 in the last 90 days. Corporate insiders own 6.70% of the company’s stock.
A number of equities research analysts recently weighed in on ENSG shares. ValuEngine upgraded shares of The Ensign Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Stifel Nicolaus upped their price target on The Ensign Group from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Finally, BidaskClub downgraded The Ensign Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The Ensign Group currently has an average rating of “Buy” and a consensus target price of $51.25.
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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