The Ensign Group, Inc. (NASDAQ:ENSG) Director John G. Nackel sold 2,000 shares of The Ensign Group stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $24.90, for a total value of $49,800.00. Following the completion of the transaction, the director now owns 99,232 shares of the company’s stock, valued at approximately $2,470,876.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
The Ensign Group, Inc. (NASDAQ ENSG) traded down $0.12 on Tuesday, reaching $25.68. The company had a trading volume of 315,516 shares, compared to its average volume of 234,914. The Ensign Group, Inc. has a one year low of $16.50 and a one year high of $26.07. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.61. The stock has a market cap of $1,308.23, a PE ratio of 33.95 and a beta of 0.81.
The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.40. The Ensign Group had a return on equity of 13.87% and a net margin of 2.19%. The company had revenue of $487.70 million during the quarter, compared to analysts’ expectations of $457.91 million. During the same quarter in the previous year, the business earned $0.30 EPS. The Ensign Group’s revenue was up 12.6% compared to the same quarter last year. sell-side analysts anticipate that The Ensign Group, Inc. will post 1.48 EPS for the current fiscal year.
ENSG has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $22.00 price objective on The Ensign Group and gave the company a “hold” rating in a report on Friday. BidaskClub cut The Ensign Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Royal Bank of Canada restated a “buy” rating and set a $21.00 price objective on shares of The Ensign Group in a report on Tuesday, November 7th. SunTrust Banks set a $29.00 price objective on The Ensign Group and gave the company a “buy” rating in a report on Friday. Finally, Cantor Fitzgerald boosted their price objective on The Ensign Group from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $26.25.
A number of hedge funds and other institutional investors have recently modified their holdings of ENSG. Eversept Partners LLC bought a new stake in The Ensign Group during the 4th quarter valued at $7,379,000. Russell Investments Group Ltd. raised its position in The Ensign Group by 59.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 502,129 shares of the company’s stock valued at $11,342,000 after purchasing an additional 186,533 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in The Ensign Group during the 4th quarter valued at $3,951,000. LSV Asset Management raised its position in The Ensign Group by 20.7% during the 4th quarter. LSV Asset Management now owns 952,070 shares of the company’s stock valued at $21,135,000 after purchasing an additional 163,007 shares in the last quarter. Finally, BlackRock Inc. raised its position in The Ensign Group by 2.4% during the 4th quarter. BlackRock Inc. now owns 6,156,602 shares of the company’s stock valued at $136,676,000 after purchasing an additional 145,405 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.
About The Ensign Group
The Ensign Group, Inc, through its operating subsidiaries, provides healthcare services across the post-acute care continuum, as well as other ancillary businesses located in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Texas, Utah, Washington and Wisconsin.
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