The Ensign Group (ENSG) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of The Ensign Group (NASDAQ:ENSG) from a buy rating to a hold rating in a research report released on Tuesday morning.

Several other analysts also recently issued reports on the company. Zacks Investment Research downgraded The Ensign Group from a buy rating to a hold rating in a report on Wednesday, August 22nd. Stephens restated a buy rating and set a $41.00 price objective on shares of The Ensign Group in a report on Sunday, August 5th. SunTrust Banks restated a buy rating and set a $41.00 price objective on shares of The Ensign Group in a report on Friday, August 3rd. Stifel Nicolaus set a $34.00 price objective on The Ensign Group and gave the stock a hold rating in a report on Thursday, August 16th. Finally, Cantor Fitzgerald restated a buy rating and set a $42.00 price objective on shares of The Ensign Group in a report on Monday, July 30th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $38.00.

NASDAQ ENSG traded down $0.37 on Tuesday, hitting $37.94. 3,323 shares of the company were exchanged, compared to its average volume of 260,320. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The company has a market cap of $2.02 billion, a PE ratio of 31.61, a PEG ratio of 1.51 and a beta of 0.65. The Ensign Group has a twelve month low of $21.67 and a twelve month high of $40.64.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The firm had revenue of $496.40 million for the quarter, compared to the consensus estimate of $496.61 million. The Ensign Group had a return on equity of 15.61% and a net margin of 3.61%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. Research analysts forecast that The Ensign Group will post 1.71 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Sunday, September 30th will be paid a dividend of $0.045 per share. The ex-dividend date is Thursday, September 27th. This represents a $0.18 annualized dividend and a yield of 0.47%. The Ensign Group’s dividend payout ratio (DPR) is presently 15.00%.

In other The Ensign Group news, Director John G. Nackel sold 4,000 shares of The Ensign Group stock in a transaction dated Tuesday, October 9th. The stock was sold at an average price of $39.00, for a total transaction of $156,000.00. Following the transaction, the director now owns 78,232 shares of the company’s stock, valued at approximately $3,051,048. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Suzanne D. Snapper sold 47,039 shares of The Ensign Group stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $38.25, for a total value of $1,799,241.75. Following the transaction, the chief financial officer now directly owns 159,561 shares in the company, valued at approximately $6,103,208.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,436 shares of company stock worth $2,237,841. Company insiders own 6.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Randolph Co Inc purchased a new position in The Ensign Group during the 3rd quarter valued at about $3,335,000. Nisa Investment Advisors LLC grew its stake in The Ensign Group by 74.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,200 shares of the company’s stock valued at $463,000 after acquiring an additional 5,200 shares in the last quarter. First Hawaiian Bank bought a new stake in shares of The Ensign Group in the 3rd quarter valued at approximately $448,000. Northern Trust Corp grew its stake in shares of The Ensign Group by 3.2% in the 2nd quarter. Northern Trust Corp now owns 803,542 shares of the company’s stock valued at $28,782,000 after buying an additional 24,572 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of The Ensign Group by 4.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 691,990 shares of the company’s stock valued at $24,788,000 after buying an additional 31,850 shares in the last quarter. 84.59% of the stock is currently owned by institutional investors.

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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