The Ensign Group, Inc. (NASDAQ:ENSG) Director John G. Nackel sold 1,000 shares of The Ensign Group stock in a transaction on Friday, October 5th. The stock was sold at an average price of $38.25, for a total value of $38,250.00. Following the completion of the sale, the director now directly owns 78,232 shares of the company’s stock, valued at approximately $2,992,374. The transaction was disclosed in a document filed with the SEC, which is available at this link.
The Ensign Group stock opened at $38.45 on Friday. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 32.04, a price-to-earnings-growth ratio of 1.48 and a beta of 0.65. The Ensign Group, Inc. has a 12 month low of $20.81 and a 12 month high of $40.64. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42.
The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The Ensign Group had a return on equity of 15.61% and a net margin of 3.61%. The company had revenue of $496.40 million during the quarter, compared to analyst estimates of $496.61 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The Ensign Group’s revenue was up 10.7% compared to the same quarter last year. Equities research analysts forecast that The Ensign Group, Inc. will post 1.71 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Northern Trust Corp grew its holdings in shares of The Ensign Group by 3.2% in the second quarter. Northern Trust Corp now owns 803,542 shares of the company’s stock worth $28,782,000 after acquiring an additional 24,572 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of The Ensign Group by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 691,990 shares of the company’s stock worth $24,788,000 after acquiring an additional 31,850 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of The Ensign Group by 3.2% in the second quarter. Public Employees Retirement System of Ohio now owns 237,720 shares of the company’s stock worth $8,515,000 after acquiring an additional 7,378 shares during the period. WINTON GROUP Ltd bought a new stake in shares of The Ensign Group in the second quarter worth $16,497,000. Finally, Advisors Asset Management Inc. grew 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 worth $103,000 after acquiring an additional 237,738 shares during the period. 84.59% of the stock is owned by institutional investors.
A number of analysts have commented on ENSG shares. Stephens reissued a “buy” rating and issued a $41.00 target price on shares of The Ensign Group in a report on Sunday, August 5th. Zacks Investment Research lowered The Ensign Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 22nd. BidaskClub lowered The Ensign Group from a “buy” rating to a “hold” rating in a report on Friday, September 14th. SunTrust Banks reissued a “buy” rating and issued a $41.00 target price on shares of The Ensign Group in a report on Friday, August 3rd. Finally, ValuEngine lowered The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Friday, August 3rd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The Ensign Group presently has an average rating of “Buy” and a consensus price target of $38.00.
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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