The Ensign Group (ENSG) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of The Ensign Group (NASDAQ:ENSG) from a strong-buy rating to a buy rating in a report released on Wednesday, April 3rd, ValuEngine reports.

ENSG has been the subject of a number of other reports. BidaskClub upgraded shares of The Ensign Group from a hold rating to a buy rating in a research report on Friday, January 25th. Zacks Investment Research cut shares of The Ensign Group from a buy rating to a hold rating in a research report on Wednesday, January 2nd. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $40.71.

Shares of ENSG traded up $1.00 during trading hours on Wednesday, hitting $51.55. The stock had a trading volume of 165,437 shares, compared to its average volume of 304,080. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.29 and a quick ratio of 1.29. The Ensign Group has a fifty-two week low of $27.25 and a fifty-two week high of $54.56. The stock has a market cap of $2.71 billion, a P/E ratio of 28.80, a P/E/G ratio of 1.63 and a beta of 0.98.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Wednesday, February 6th. The company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.05. The company had revenue of $544.85 million during the quarter, compared to analysts’ expectations of $523.15 million. The Ensign Group had a net margin of 4.51% and a return on equity of 17.19%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 earnings per share. Equities analysts expect that The Ensign Group will post 2.06 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Sunday, March 31st will be issued a dividend of $0.0475 per share. This is a positive change from The Ensign Group’s previous quarterly dividend of $0.05. The ex-dividend date is Thursday, March 28th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.37%. The Ensign Group’s dividend payout ratio is presently 10.61%.

In related news, CFO Suzanne D. Snapper sold 19,191 shares of the company’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $47.58, for a total value of $913,107.78. Following the completion of the sale, the chief financial officer now owns 228,505 shares of the company’s stock, valued at $10,872,267.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in The Ensign Group by 5.9% during the third quarter. BlackRock Inc. now owns 7,612,458 shares of the company’s stock worth $288,664,000 after buying an additional 424,505 shares during the period. Vanguard Group Inc. lifted its position in shares of The Ensign Group by 5.0% during the third quarter. Vanguard Group Inc. now owns 5,592,289 shares of the company’s stock worth $212,060,000 after purchasing an additional 263,949 shares in the last quarter. Vanguard Group Inc lifted its position in shares of The Ensign Group by 5.0% during the third quarter. Vanguard Group Inc now owns 5,592,289 shares of the company’s stock worth $212,060,000 after purchasing an additional 263,949 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of The Ensign Group by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,275,411 shares of the company’s stock worth $88,263,000 after purchasing an additional 17,470 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of The Ensign Group by 1.3% during the third quarter. Bank of New York Mellon Corp now owns 700,915 shares of the company’s stock worth $26,579,000 after purchasing an additional 8,925 shares in the last quarter. 81.95% of the stock is owned by institutional investors.

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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Analyst Recommendations for The Ensign Group (NASDAQ:ENSG)

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