Cubist Systematic Strategies LLC reduced its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 63.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,724 shares of the company’s stock after selling 9,985 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in The Ensign Group were worth $326,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ENSG. NumerixS Investment Technologies Inc bought a new position in The Ensign Group during the 1st quarter valued at $120,000. GYL Financial Synergies LLC bought a new position in The Ensign Group during the 1st quarter valued at $1,310,000. Advisory Services Network LLC boosted its stake in The Ensign Group by 59.8% during the 1st quarter. Advisory Services Network LLC now owns 1,162 shares of the company’s stock valued at $60,000 after purchasing an additional 435 shares in the last quarter. FMR LLC boosted its stake in The Ensign Group by 119.0% during the 1st quarter. FMR LLC now owns 1,682 shares of the company’s stock valued at $86,000 after purchasing an additional 914 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in The Ensign Group by 5.2% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 112,892 shares of the company’s stock valued at $5,779,000 after purchasing an additional 5,607 shares in the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on ENSG. Oppenheimer set a $64.00 price target on The Ensign Group and gave the company a “buy” rating in a research note on Thursday, September 26th. Stifel Nicolaus increased their price target on The Ensign Group from $52.00 to $56.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Zacks Investment Research raised The Ensign Group from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Tuesday, September 24th. BidaskClub lowered The Ensign Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, ValuEngine raised The Ensign Group from a “strong sell” rating to a “sell” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $55.50.
The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The business had revenue of $575.65 million during the quarter, compared to analyst estimates of $574.24 million. The Ensign Group had a return on equity of 17.32% and a net margin of 4.74%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company posted $0.44 EPS. On average, equities research analysts anticipate that The Ensign Group, Inc. will post 2.11 EPS for the current fiscal year.
The business also recently disclosed a — dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a dividend of $0.0475 per share. This represents a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 27th. The Ensign Group’s dividend payout ratio is presently 38.55%.
In other news, insider Spencer Burton sold 1,000 shares of the firm’s stock in a transaction on 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 filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 2,612 shares of company stock valued at $149,118. Corporate insiders own 6.70% of the company’s stock.
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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