Bank of New York Mellon Corp grew its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 691,990 shares of the company’s stock after purchasing an additional 31,850 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.34% of The Ensign Group worth $24,788,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in The Ensign Group by 2.3% in the first quarter. BlackRock Inc. now owns 6,297,816 shares of the company’s stock worth $165,632,000 after acquiring an additional 141,214 shares during the period. EAM Investors LLC purchased a new stake in The Ensign Group in the second quarter worth $3,311,000. Sawgrass Asset Management LLC lifted its stake in The Ensign Group by 218.4% in the second quarter. Sawgrass Asset Management LLC now owns 73,870 shares of the company’s stock worth $2,646,000 after acquiring an additional 50,670 shares during the period. GSA Capital Partners LLP purchased a new stake in The Ensign Group in the first quarter worth $1,235,000. Finally, Nuveen Asset Management LLC purchased a new stake in The Ensign Group in the first quarter worth $1,147,000. 86.37% of the stock is owned by hedge funds and other institutional investors.
ENSG has been the subject of a number of research analyst reports. BidaskClub raised The Ensign Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 17th. Stephens reaffirmed a “buy” rating and issued a $41.00 price target on shares of The Ensign Group in a research note on Sunday, August 5th. Zacks Investment Research lowered The Ensign Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 22nd. Oppenheimer raised their price target on The Ensign Group from $31.00 to $39.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 22nd. Finally, Citigroup raised their price target on The Ensign Group from $31.00 to $39.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 22nd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The Ensign Group currently has an average rating of “Buy” and a consensus price target of $38.13.
In related news, insider Christopher R. Christensen sold 84,472 shares of The Ensign Group stock in a transaction dated Wednesday, July 18th. The stock was sold at an average price of $37.65, for a total value of $3,180,370.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher R. Christensen sold 21,241 shares of The Ensign Group stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $37.42, for a total value of $794,838.22. The disclosure for this sale can be found here. Insiders sold a total of 154,149 shares of company stock valued at $5,825,750 over the last quarter. 6.00% of the stock is owned by corporate insiders.
NASDAQ ENSG opened at $36.78 on Friday. The Ensign Group, Inc. has a one year low of $19.94 and a one year high of $40.09. The stock has a market capitalization of $1.89 billion, a P/E ratio of 30.65, a price-to-earnings-growth ratio of 1.42 and a beta of 0.65. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49.
The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Thursday, August 2nd. The company reported $0.44 EPS for the quarter, topping the 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 the consensus estimate of $496.61 million. During the same period last year, the company earned $0.23 EPS. The Ensign Group’s revenue for the quarter was up 10.7% on a year-over-year basis. sell-side analysts expect that The Ensign Group, Inc. will post 1.71 EPS for the current year.
About The Ensign Group
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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