APG Asset Management N.V. acquired a new stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 44,600 shares of the company’s stock, valued at approximately $2,033,000. APG Asset Management N.V. owned about 0.08% of The Ensign Group as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of ENSG. Point72 Hong Kong Ltd increased its position in The Ensign Group by 83.6% during the fourth quarter. Point72 Hong Kong Ltd now owns 1,320 shares of the company’s stock valued at $60,000 after acquiring an additional 601 shares during the last quarter. FMR LLC grew its stake in shares of The Ensign Group by 119.0% during the 1st quarter. FMR LLC now owns 1,682 shares of the company’s stock valued at $86,000 after purchasing an additional 914 shares during the period. Capital Square LLC purchased a new stake in shares of The Ensign Group during the 1st quarter valued at about $75,000. PNC Financial Services Group Inc. lifted its stake in shares of The Ensign Group by 23.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,310 shares of the company’s stock worth $150,000 after purchasing an additional 620 shares during the period. Finally, Mutual of America Capital Management LLC boosted its holdings in shares of The Ensign Group by 9.6% in the first quarter. Mutual of America Capital Management LLC now owns 4,159 shares of the company’s stock worth $156,000 after buying an additional 365 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.
A number of analysts have commented on ENSG shares. Stephens reaffirmed a “hold” rating and set a $40.00 target price on shares of The Ensign Group in a report on Tuesday, May 12th. SunTrust Banks upped their price objective on The Ensign Group from $46.00 to $50.00 and gave the stock a “hold” rating in a research note on Thursday, June 11th. Zacks Investment Research raised The Ensign Group from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Monday, May 11th. BidaskClub downgraded The Ensign Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Royal Bank of Canada restated a “buy” rating and set a $48.00 target price on shares of The Ensign Group in a research note on Monday, April 20th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.29.
The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.16. The Ensign Group had a net margin of 5.33% and a return on equity of 18.88%. The business had revenue of $589.60 million during the quarter, compared to analyst estimates of $582.73 million. During the same period last year, the firm posted $0.55 EPS. The company’s revenue was up 25.1% on a year-over-year basis. On average, research analysts predict that The Ensign Group, Inc. will post 2.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.49%. The ex-dividend date is Monday, June 29th. The Ensign Group’s payout ratio is currently 9.57%.
About The Ensign Group
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.
Featured Story: Most Active Stocks
Want to see what other hedge funds are holding ENSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Ensign Group, Inc. (NASDAQ:ENSG).
Receive News & Ratings for The Ensign Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Ensign Group and related companies with MarketBeat.com's FREE daily email newsletter.