Connor Clark & Lunn Investment Management Ltd. cut its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 30.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,325 shares of the company’s stock after selling 11,325 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in The Ensign Group were worth $1,021,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in shares of The Ensign Group in the 4th quarter valued at $29,000. First Interstate Bank increased its holdings in shares of The Ensign Group by 235.2% in the 4th quarter. First Interstate Bank now owns 1,750 shares of the company’s stock valued at $68,000 after acquiring an additional 1,228 shares during the period. Advisors Preferred LLC purchased a new position in shares of The Ensign Group in the 4th quarter valued at $103,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of The Ensign Group by 61.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,747 shares of the company’s stock valued at $145,000 after acquiring an additional 1,427 shares during the period. Finally, Aptus Capital Advisors LLC purchased a new position in shares of The Ensign Group in the 4th quarter valued at $202,000. Institutional investors and hedge funds own 82.37% of the company’s stock.
In other The Ensign Group news, CFO Suzanne D. Snapper sold 9,296 shares of The Ensign Group stock in a transaction dated Thursday, January 10th. The stock was sold at an average price of $41.54, for a total transaction of $386,155.84. Following the completion of the sale, the chief financial officer now owns 201,141 shares of the company’s stock, valued at approximately $8,355,397.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Suzanne D. Snapper sold 19,191 shares of The Ensign Group stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $47.58, for a total value of $913,107.78. Following the sale, the chief financial officer now directly owns 228,505 shares of the company’s stock, valued at approximately $10,872,267.90. The disclosure for this sale can be found here. 6.00% of the stock is owned by company insiders.
The Ensign Group stock opened at $50.47 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $2.67 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 1.61 and a beta of 0.98. The Ensign Group, Inc. has a 1-year low of $25.80 and a 1-year high of $54.56.
The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Wednesday, February 6th. The company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.05. The firm had revenue of $544.85 million during the quarter, compared to analysts’ expectations of $523.15 million. The Ensign Group had a return on equity of 17.19% and a net margin of 4.51%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 EPS. As a group, equities research analysts expect that The Ensign Group, Inc. will post 2.06 EPS for the current fiscal year.
A number of analysts have recently weighed in on the company. BidaskClub cut The Ensign Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Zacks Investment Research cut The Ensign Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus 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. 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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