Pacific Ridge Capital Partners LLC grew its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 5.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,290 shares of the company’s stock after purchasing an additional 2,540 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 0.09% of The Ensign Group worth $1,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. Harvest Fund Management Co. Ltd bought a new position in shares of The Ensign Group during the third quarter worth $112,000. Pillar Pacific Capital Management LLC bought a new position in shares of The Ensign Group during the third quarter worth $204,000. MML Investors Services LLC bought a new position in shares of The Ensign Group during the third quarter worth $224,000. Paloma Partners Management Co bought a new position in shares of The Ensign Group during the second quarter worth $231,000. Finally, BlueMountain Capital Management LLC bought a new position in shares of The Ensign Group during the second quarter worth $248,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.
In other The Ensign Group news, VP Beverly B. Wittekind sold 5,000 shares of the stock in a transaction on Tuesday, October 16th. The shares were sold at an average price of $38.61, for a total transaction of $193,050.00. Following the completion of the transaction, the vice president now owns 55,984 shares in the company, valued at $2,161,542.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John G. Nackel sold 1,000 shares of the stock in a transaction on Friday, October 5th. The shares were sold at an average price of $38.25, for a total transaction of $38,250.00. Following the transaction, the director now owns 78,232 shares of the company’s stock, valued at approximately $2,992,374. The disclosure for this sale can be found here. Insiders have sold 98,453 shares of company stock valued at $4,283,378 in the last quarter. 6.00% of the stock is owned by company insiders.
Shares of NASDAQ:ENSG opened at $45.62 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. The Ensign Group, Inc. has a fifty-two week low of $21.67 and a fifty-two week high of $48.17. The firm has a market cap of $2.40 billion, a P/E ratio of 38.02, a P/E/G ratio of 1.78 and a beta of 0.68.
The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Wednesday, October 31st. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.01. The Ensign Group had a net margin of 3.86% and a return on equity of 16.10%. The business had revenue of $522.21 million during the quarter, compared to analyst estimates of $506.14 million. During the same quarter last year, the business earned $0.28 earnings per share. The Ensign Group’s quarterly revenue was up 10.7% compared to the same quarter last year. Research analysts anticipate that The Ensign Group, Inc. will post 1.71 earnings per share for the current year.
A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald upped their target price on shares of The Ensign Group from $42.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, November 2nd. BidaskClub upgraded shares of The Ensign Group from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. Zacks Investment Research lowered shares of The Ensign Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Finally, Stifel Nicolaus set a $34.00 target price on shares of The Ensign Group and gave the stock a “hold” rating in a research report on Thursday, August 16th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The Ensign Group currently has an average rating of “Buy” and an average target price of $40.71.
The Ensign Group Company Profile
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.
See Also: Retained Earnings
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