Oppenheimer & Co. Inc. grew its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 77.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 8,672 shares of the company’s stock after acquiring an additional 3,793 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in The Ensign Group were worth $494,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in ENSG. Jennison Associates LLC raised its position in The Ensign Group by 22.6% in the second quarter. Jennison Associates LLC now owns 23,282 shares of the company’s stock worth $1,325,000 after acquiring an additional 4,288 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in shares of The Ensign Group during the 2nd quarter worth $528,000. Bank of Montreal Can raised its position in shares of The Ensign Group by 2.5% during the second quarter. Bank of Montreal Can now owns 171,183 shares of the company’s stock worth $9,744,000 after purchasing an additional 4,238 shares during the period. Panagora Asset Management Inc. lifted its holdings in shares of The Ensign Group by 0.4% during the second quarter. Panagora Asset Management Inc. now owns 291,379 shares of the company’s stock valued at $16,585,000 after purchasing an additional 1,275 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of The Ensign Group by 33.6% during the second quarter. Russell Investments Group Ltd. now owns 395,496 shares of the company’s stock valued at $22,508,000 after purchasing an additional 99,422 shares during the last quarter. Institutional investors own 82.17% of the company’s stock.
Shares of NASDAQ ENSG traded up $0.04 during mid-day trading on Wednesday, reaching $48.39. The company had a trading volume of 32,457 shares, compared to its average volume of 234,061. The Ensign Group, Inc. has a twelve month low of $35.69 and a twelve month high of $63.00. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $2.54 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 1.50 and a beta of 0.91. The stock’s 50 day moving average is $52.47 and its 200-day moving average is $53.08.
In other news, insider Spencer Burton sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $60.00, for a total transaction of $60,000.00. Following the completion of the sale, the insider now directly owns 19,351 shares of the company’s stock, valued at approximately $1,161,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 2,612 shares of company stock worth $149,118. Insiders own 6.70% of the company’s stock.
Several analysts have issued reports on ENSG shares. BidaskClub downgraded The Ensign Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Stifel Nicolaus raised their target price on shares of The Ensign Group from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Finally, ValuEngine raised shares of The Ensign Group from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $51.25.
About The Ensign Group
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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