A number of other equities research analysts have also commented on the stock. ValuEngine raised shares of Yelp from a sell rating to a hold rating in a report on Wednesday, April 3rd. Zacks Investment Research lowered shares of Glu Mobile from a buy rating to a hold rating in a report on Tuesday, April 9th. Finally, Oppenheimer decreased their price objective on shares of 2U from $83.00 to $67.00 and set an outperform rating on the stock in a report on Wednesday, May 8th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $44.17.
Shares of NASDAQ:ENSG opened at $58.78 on Friday. The Ensign Group has a 12 month low of $34.69 and a 12 month high of $59.42. The stock’s 50-day moving average is $56.37. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.87. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 32.84, a P/E/G ratio of 1.86 and a beta of 0.84.
The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The Ensign Group had a net margin of 4.59% and a return on equity of 17.23%. The firm had revenue of $549.21 million for the quarter, compared to analyst estimates of $545.09 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The company’s revenue was up 11.6% on a year-over-year basis. As a group, analysts expect that The Ensign Group will post 2.11 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Sunday, June 30th will be given a dividend of $0.0475 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.19 dividend on an annualized basis and a yield of 0.32%. The Ensign Group’s payout ratio is presently 10.61%.
In other The Ensign Group news, VP Beverly B. Wittekind sold 868 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $53.17, for a total transaction of $46,151.56. Following the transaction, the vice president now directly owns 54,462 shares in the company, valued at approximately $2,895,744.54. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Suzanne D. Snapper sold 2,982 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $53.17, for a total transaction of $158,552.94. Following the transaction, the chief financial officer now owns 223,216 shares in the company, valued at $11,868,394.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,547 shares of company stock worth $242,252. Corporate insiders own 6.70% of the company’s stock.
Several large investors have recently made changes to their positions in ENSG. Norges Bank acquired a new stake in shares of The Ensign Group in the 4th quarter valued at approximately $26,625,000. JPMorgan Chase & Co. raised its position in shares of The Ensign Group by 122.9% in the 1st quarter. JPMorgan Chase & Co. now owns 386,823 shares of the company’s stock valued at $19,801,000 after acquiring an additional 213,256 shares during the period. American Century Companies Inc. raised its position in shares of The Ensign Group by 64.8% in the 4th quarter. American Century Companies Inc. now owns 430,707 shares of the company’s stock valued at $16,707,000 after acquiring an additional 169,338 shares during the period. Copeland Capital Management LLC raised its position in shares of The Ensign Group by 21.2% in the 2nd quarter. Copeland Capital Management LLC now owns 815,400 shares of the company’s stock valued at $46,413,000 after acquiring an additional 142,478 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in shares of The Ensign Group in the 4th quarter valued at approximately $5,380,000. Institutional investors and hedge funds own 81.15% 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. 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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