The Ensign Group Inc. (ENSG) Stock Price Up 1.8%
Shares of The Ensign Group Inc. (NASDAQ:ENSG) rose 1.8% on Wednesday . The stock traded as high as $18.86 and last traded at $18.85, with a volume of 157,680 shares traded. The stock had previously closed at $18.52.
ENSG has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of The Ensign Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 4th. Wells Fargo & Co. downgraded shares of The Ensign Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 12th. Royal Bank Of Canada boosted their target price on shares of The Ensign Group from $24.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, May 12th. Cantor Fitzgerald reissued a “buy” rating and set a $22.00 target price on shares of The Ensign Group in a research report on Wednesday, August 3rd. Finally, SunTrust Banks Inc. dropped their target price on shares of The Ensign Group from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.00.
The company’s 50 day moving average is $20.33 and its 200-day moving average is $20.93. The firm has a market cap of $945.04 million and a price-to-earnings ratio of 20.79.
The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. The business had revenue of $410.51 million for the quarter, compared to analyst estimates of $400.19 million. During the same period in the prior year, the company posted $0.60 EPS. The firm’s revenue for the quarter was up 32.0% compared to the same quarter last year. On average, analysts predict that The Ensign Group Inc. will post $1.38 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Sunday, July 31st. Stockholders of record on Thursday, June 30th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, June 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.85%.
In other news, VP Beverly B. Wittekind sold 18,330 shares of the stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $20.29, for a total transaction of $371,915.70. Following the sale, the vice president now owns 40,861 shares of the company’s stock, valued at $829,069.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Other hedge funds have recently modified their holdings of the company. Rhumbline Advisers boosted its stake in shares of The Ensign Group by 115.3% in the fourth quarter. Rhumbline Advisers now owns 61,112 shares of the company’s stock valued at $1,383,000 after buying an additional 32,721 shares during the period. Wells Fargo & Company MN boosted its stake in shares of The Ensign Group by 39.2% in the fourth quarter. Wells Fargo & Company MN now owns 940,769 shares of the company’s stock valued at $21,291,000 after buying an additional 264,691 shares during the period. Finally, Employees Retirement System of Texas boosted its stake in shares of 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 valued at $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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.