The Ensign Group, Inc. (NASDAQ:ENSG) VP Beverly B. Wittekind Sells 5,000 Shares

The Ensign Group, Inc. (NASDAQ:ENSG) VP Beverly B. Wittekind sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 16th. The shares were sold at an average price of $38.61, for a total transaction of $193,050.00. Following the sale, the vice president now directly owns 55,984 shares of the company’s stock, valued at $2,161,542.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of The Ensign Group stock traded down $0.80 during trading on Friday, reaching $47.19. The company had a trading volume of 524,399 shares, compared to its average volume of 392,844. The firm has a market cap of $2.43 billion, a PE ratio of 39.33, a price-to-earnings-growth ratio of 1.81 and a beta of 0.65. The Ensign Group, Inc. has a fifty-two week low of $21.67 and a fifty-two week high of $48.17. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41.

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 Ensign Group had a net margin of 3.86% and a return on equity of 16.10%. The firm had revenue of $522.21 million during the quarter, compared to analysts’ expectations of $506.14 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The Ensign Group’s quarterly revenue was up 10.7% on a year-over-year basis. On average, equities analysts predict that The Ensign Group, Inc. will post 1.71 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Sunday, September 30th were given a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Thursday, September 27th. The Ensign Group’s dividend payout ratio (DPR) is 15.00%.

Several brokerages have recently issued reports on ENSG. BidaskClub cut shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 1st. Zacks Investment Research raised shares of The Ensign Group from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Wednesday, October 3rd. Cantor Fitzgerald boosted their price objective on shares of The Ensign Group from $42.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, November 2nd. Stifel Nicolaus set a $34.00 price objective on shares of The Ensign Group and gave the stock a “hold” rating in a report on Thursday, August 16th. Finally, ValuEngine lowered shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Friday, August 3rd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $39.00.

Institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its holdings in shares of The Ensign Group by 14,877.2% in the second quarter. Advisors Asset Management Inc. now owns 239,336 shares of the company’s stock valued at $103,000 after acquiring an additional 237,738 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in The Ensign Group during the third quarter worth approximately $112,000. Mount Yale Investment Advisors LLC bought a new stake in The Ensign Group during the first quarter worth approximately $127,000. Pillar Pacific Capital Management LLC bought a new stake in The Ensign Group during the third quarter worth approximately $204,000. Finally, MML Investors Services LLC bought a new stake in The Ensign Group during the third quarter worth approximately $224,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

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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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Insider Buying and Selling by Quarter for The Ensign Group (NASDAQ:ENSG)

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