The Ensign Group, Inc. (ENSG) Upgraded to “Strong-Buy” by BidaskClub
The Ensign Group, Inc. (NASDAQ:ENSG) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.
Other equities research analysts have also issued reports about the company. Zacks Investment Research raised The Ensign Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Wells Fargo & Company lowered The Ensign Group from a “market perform” rating to an “underperform” rating in a research report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $22.60.
Shares of The Ensign Group (ENSG) traded up 0.05% during trading on Friday, reaching $20.69. 371,051 shares of the company’s stock traded hands. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 24.96 and a beta of 0.91. The Ensign Group has a 1-year low of $16.51 and a 1-year high of $23.18. The company has a 50 day moving average of $19.30 and a 200-day moving average of $19.70.
The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Monday, May 1st. The company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The Ensign Group had a return on equity of 2.50% and a net margin of 0.67%. The firm had revenue of $441.74 million for the quarter, compared to analyst estimates of $435.72 million. Equities analysts predict that The Ensign Group will post $1.49 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be issued a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, June 28th. The Ensign Group’s dividend payout ratio (DPR) is 20.48%.
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In other The Ensign Group news, Director John G. Nackel purchased 3,462 shares of the stock in a transaction dated Friday, April 28th. The shares were bought at an average cost of $17.55 per share, with a total value of $60,758.10. Following the completion of the acquisition, the director now owns 96,732 shares of the company’s stock, valued at $1,697,646.60. The purchase was disclosed in a filing with the SEC, which is available through this link. 6.20% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of ENSG. Tudor Investment Corp ET AL raised its position in shares of The Ensign Group by 41.0% in the first quarter. Tudor Investment Corp ET AL now owns 14,100 shares of the company’s stock worth $265,000 after buying an additional 4,100 shares during the period. Highbridge Capital Management LLC acquired a new position in shares of The Ensign Group during the first quarter worth approximately $274,000. State Street Corp raised its position in shares of The Ensign Group by 9.6% in the first quarter. State Street Corp now owns 1,222,140 shares of the company’s stock worth $22,977,000 after buying an additional 107,395 shares during the period. Bank of America Corp DE raised its position in shares of The Ensign Group by 35.0% in the first quarter. Bank of America Corp DE now owns 92,871 shares of the company’s stock worth $1,746,000 after buying an additional 24,083 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of The Ensign Group during the first quarter worth approximately $131,000. 87.79% of the stock is currently owned by institutional investors.
The Ensign Group Company Profile
The Ensign Group, Inc, through its operating subsidiaries, provides healthcare services across the post-acute care continuum, as well as other ancillary businesses located in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Texas, Utah, Washington and Wisconsin.
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