The Ensign Group (NASDAQ:ENSG) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.
ENSG has been the topic of several other reports. Oppenheimer boosted their target price on The Ensign Group from $31.00 to $39.00 and gave the stock an “outperform” rating in a report on Tuesday, May 22nd. Zacks Investment Research downgraded The Ensign Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 3rd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $42.00 price target on shares of The Ensign Group in a report on Monday, July 30th. Stifel Nicolaus set a $34.00 price target on The Ensign Group and gave the company a “hold” rating in a report on Thursday, August 16th. Finally, ValuEngine downgraded The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Friday, August 3rd. Two 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 an average price target of $38.13.
The Ensign Group stock opened at $37.79 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The Ensign Group has a 12 month low of $19.94 and a 12 month high of $40.09. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 31.49, a P/E/G ratio of 1.52 and a beta of 0.65.
The Ensign Group (NASDAQ:ENSG) last released its earnings results on Thursday, August 2nd. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The Ensign Group had a return on equity of 15.61% and a net margin of 3.61%. The business had revenue of $496.40 million for the quarter, compared to the consensus estimate of $496.61 million. During the same period in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. research analysts predict that The Ensign Group will post 1.71 EPS for the current year.
In related news, CFO Suzanne D. Snapper sold 47,039 shares of the company’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $38.25, for a total transaction of $1,799,241.75. Following the completion of the sale, the chief financial officer now owns 159,561 shares in the company, valued at $6,103,208.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher R. Christensen sold 21,241 shares of the company’s stock in a transaction on Monday, July 16th. The shares were sold at an average price of $37.42, for a total value of $794,838.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 154,487 shares of company stock worth $5,838,391. Corporate insiders own 6.00% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Swiss National Bank increased its position in The Ensign Group by 1.9% during the first quarter. Swiss National Bank now owns 83,900 shares of the company’s stock valued at $2,207,000 after acquiring an additional 1,600 shares during the last quarter. Victory Capital Management Inc. increased its position in The Ensign Group by 15.9% during the second quarter. Victory Capital Management Inc. now owns 11,680 shares of the company’s stock valued at $418,000 after acquiring an additional 1,603 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in The Ensign Group by 18.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 11,512 shares of the company’s stock valued at $302,000 after acquiring an additional 1,758 shares during the last quarter. Rhumbline Advisers increased its position in The Ensign Group by 1.8% during the first quarter. Rhumbline Advisers now owns 115,525 shares of the company’s stock valued at $3,038,000 after acquiring an additional 2,090 shares during the last quarter. Finally, Legal & General Group Plc increased its position in The Ensign Group by 2.4% during the first quarter. Legal & General Group Plc now owns 102,009 shares of the company’s stock valued at $2,697,000 after acquiring an additional 2,354 shares during the last quarter. Institutional investors own 86.82% of the company’s stock.
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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