The Ensign Group Inc. (ENSG) Upgraded to “Hold” by Zacks Investment Research
The Ensign Group Inc. (NASDAQ:ENSG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “The Ensign Group was formed for the express purpose of meeting the challenges of the long-term care industry in the 21st Century. Led by the country’s finest caregivers, with an aggressive team of industry and business veterans backing them up, Ensign is elevating quality of care to superior levels, and doing it one facility at a time. “
ENSG has been the subject of several other reports. Cantor Fitzgerald reissued a “buy” rating on shares of The Ensign Group in a research report on Friday, September 9th. TheStreet raised shares of The Ensign Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 2nd. Finally, SunTrust Banks Inc. lowered their price objective on shares of The Ensign Group from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $25.00.
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Shares of The Ensign Group (NASDAQ:ENSG) traded up 0.41% during midday trading on Tuesday, hitting $19.69. 480,969 shares of the company traded hands. The company has a 50-day moving average price of $20.23 and a 200-day moving average price of $20.75. The Ensign Group has a 52 week low of $17.60 and a 52 week high of $25.09. The stock has a market capitalization of $992.42 million, a P/E ratio of 21.83 and a beta of 0.68.
The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. The company earned $410.51 million during the quarter, compared to analysts’ expectations of $400.19 million. The Ensign Group had a net margin of 3.13% and a return on equity of 15.86%. The firm’s quarterly revenue was up 32.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 EPS. Analysts anticipate that The Ensign Group will post $1.38 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, September 30th will be given a $0.04 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.81%. The Ensign Group’s payout ratio is presently 17.49%.
Several large investors have recently made changes to their positions in the company. PineBridge Investments L.P. boosted its stake in shares of The Ensign Group by 5.7% in the second quarter. PineBridge Investments L.P. now owns 5,926 shares of the company’s stock valued at $125,000 after buying an additional 319 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of 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 valued at $143,000 after buying an additional 821 shares during the last quarter. Mason Street Advisors LLC acquired a new stake in shares of The Ensign Group during the second quarter valued at $192,000. Scotia Capital Inc. acquired a new stake in shares of The Ensign Group during the first quarter valued at $226,000. Finally, Eqis Capital Management Inc. acquired a new stake in shares of The Ensign Group during the third quarter valued at $353,000. 84.64% of the stock is owned by hedge funds and other institutional investors.
About The Ensign Group
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.
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