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.
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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