Shares of The Ensign Group Inc. (NASDAQ:ENSG) fell 11.6% during trading on Tuesday . The stock traded as low as $18.85 and last traded at $19.00, with a volume of 407,286 shares changing hands. The stock had previously closed at $21.49.

Several research firms recently commented on ENSG. Zacks Investment Research cut The Ensign Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. TheStreet cut The Ensign Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 26th. Wells Fargo & Co. cut The Ensign Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 26th. Finally, Royal Bank Of Canada raised their target price on The Ensign Group from $24.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, May 12th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $26.25.

The stock has a market capitalization of $947.37 million and a PE ratio of 20.20. The stock’s 50-day moving average price is $20.93 and its 200 day moving average price is $21.24.

The Ensign Group (NASDAQ:ENSG) last released its earnings results on Tuesday, August 2nd. The company reported $0.33 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.33. During the same period last year, the business earned $0.60 earnings per share. The firm had revenue of $410.51 million for the quarter, compared to analyst estimates of $400.19 million. The firm’s quarterly revenue was up 32.0% compared to the same quarter last year. On average, equities research analysts predict that The Ensign Group Inc. will post $1.48 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Sunday, July 31st. Investors of record on Thursday, June 30th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Tuesday, June 28th.

In related news, VP Beverly B. Wittekind sold 18,330 shares of The Ensign Group stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $20.29, for a total transaction of $371,915.70. Following the sale, the vice president now directly owns 40,861 shares of the company’s stock, valued at $829,069.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

A number of large investors recently added to or reduced their stakes in ENSG. Comerica Bank increased its stake in The Ensign Group by 101.1% in the fourth quarter. Comerica Bank now owns 48,300 shares of the company’s stock worth $1,011,000 after buying an additional 24,277 shares during the last quarter. Swiss National Bank increased its stake in The Ensign Group by 100.0% in the fourth quarter. Swiss National Bank now owns 60,600 shares of the company’s stock worth $1,371,000 after buying an additional 30,300 shares during the last quarter. Rhumbline Advisers increased its stake in The Ensign Group by 115.3% in the fourth quarter. Rhumbline Advisers now owns 61,112 shares of the company’s stock worth $1,383,000 after buying an additional 32,721 shares during the last quarter. First Trust Advisors LP increased its stake in The Ensign Group by 25.0% in the fourth quarter. First Trust Advisors LP now owns 81,719 shares of the company’s stock worth $1,849,000 after buying an additional 16,328 shares during the last quarter. Finally, Employees Retirement System of Texas boosted its position in The Ensign Group by 100.0% in the fourth quarter. Employees Retirement System of Texas now owns 92,000 shares of the company’s stock worth $2,082,000 after buying an additional 46,000 shares during the period.

The Ensign Group, Inc is a holding company. The Company, through its subsidiaries, provides healthcare services across the post-acute care continuum, as well as urgent care centers and mobile ancillary businesses. Its segments include transitional, skilled and assisted living services (TSA services); home health and hospice services, and all other.

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