TheStreet lowered shares of The Ensign Group, Inc. (NASDAQ:ENSG) from a b rating to a c+ rating in a research note published on Wednesday morning.
Several other equities research analysts also recently commented on ENSG. Zacks Investment Research raised shares of The Ensign Group from a strong sell rating to a hold rating in a research report on Tuesday, October 4th. Cantor Fitzgerald reissued a buy rating on shares of The Ensign Group in a research report on Thursday, December 15th. Finally, JMP Securities downgraded shares of The Ensign Group from a market perform rating to an underperform rating and set a $18.00 target price for the company. in a research report on Wednesday, January 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $22.80.
Shares of The Ensign Group (NASDAQ:ENSG) opened at 20.51 on Wednesday. The Ensign Group has a 12 month low of $17.60 and a 12 month high of $23.86. The firm has a market capitalization of $1.04 billion, a P/E ratio of 23.82 and a beta of 0.99. The firm’s 50-day moving average is $21.49 and its 200 day moving average is $20.55.
The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by $0.02. The Ensign Group had a net margin of 2.84% and a return on equity of 15.43%. The company earned $428.07 million during the quarter, compared to the consensus estimate of $427.01 million. During the same period last year, the firm posted $0.60 earnings per share. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, equities research analysts anticipate that The Ensign Group will post $1.36 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Saturday, December 31st will be given a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 0.83%. This is an increase from The Ensign Group’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Wednesday, December 28th. The Ensign Group’s dividend payout ratio is presently 19.54%.
In other The Ensign Group news, VP Chad Keetch sold 37,522 shares of the company’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $22.26, for a total value of $835,239.72. Following the completion of the sale, the vice president now directly owns 49,141 shares of the company’s stock, valued at approximately $1,093,878.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.50% of the company’s stock.
A number of large investors have recently modified their holdings of ENSG. PineBridge Investments L.P. boosted its position in The Ensign Group by 5.7% in the second quarter. PineBridge Investments L.P. now owns 5,926 shares of the company’s stock worth $125,000 after buying an additional 319 shares during the last quarter. Teacher Retirement System of Texas boosted its position in The Ensign Group by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 6,806 shares of the company’s stock worth $143,000 after buying an additional 821 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in The Ensign Group by 4.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,447 shares of the company’s stock worth $150,000 after buying an additional 303 shares during the last quarter. Mason Street Advisors LLC bought a new position in The Ensign Group during the second quarter worth $192,000. Finally, SG Americas Securities LLC bought a new position in The Ensign Group during the third quarter worth $259,000. 86.96% of the stock is owned by institutional investors and hedge funds.
The Ensign Group Company Profile
The Ensign Group, Inc is a holding company. The Company, through its subsidiaries, provides healthcare services across the post-acute care continuum, as well as urgent care centers and mobile ancillary businesses. Its segments include transitional, skilled and assisted living services (TSA services); home health and hospice services, and all other.