The Ensign Group Inc. (ENSG) Upgraded to “Hold” at Zacks Investment Research
The Ensign Group Inc. (NASDAQ:ENSG) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “The Ensign Group was formed for the express purpose of meeting the challenges of the long-term care industry in the 21st Century. Led by the country’s finest caregivers, with an aggressive team of industry and business veterans backing them up, Ensign is elevating quality of care to superior levels, and doing it one facility at a time. “
A number of other brokerages have also commented on ENSG. TheStreet raised The Ensign Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 2nd. Cantor Fitzgerald reissued a “buy” rating on shares of The Ensign Group in a research note on Friday, September 9th. Finally, SunTrust Banks Inc. cut their price target on The Ensign Group from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, August 4th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $25.00.
The Ensign Group (NASDAQ:ENSG) traded up 0.25% during trading on Tuesday, reaching $20.15. The company’s stock had a trading volume of 205,595 shares. The stock has a market cap of $1.02 billion, a PE ratio of 22.34 and a beta of 0.68. The Ensign Group has a 12 month low of $17.60 and a 12 month high of $25.09. The company’s 50-day moving average is $19.85 and its 200-day moving average is $20.90.
The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.33 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.33. The Ensign Group had a return on equity of 15.86% and a net margin of 3.13%. The firm had revenue of $410.51 million for the quarter, compared to analyst estimates of $400.19 million. During the same period last year, the firm posted $0.60 earnings per share. The business’s revenue for the quarter was up 32.0% on a year-over-year basis. Equities analysts expect that The Ensign Group will post $1.38 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Wednesday, September 28th. The Ensign Group’s dividend payout ratio is currently 17.49%.
Institutional investors have recently bought and sold shares of the company. Arizona State Retirement System raised its position in The Ensign Group by 0.4% in the second quarter. Arizona State Retirement System now owns 24,296 shares of the company’s stock worth $510,000 after buying an additional 100 shares in the last quarter. PineBridge Investments L.P. raised its position in The Ensign Group by 5.7% in the second quarter. PineBridge Investments L.P. now owns 5,926 shares of the company’s stock worth $125,000 after buying an additional 319 shares in the last quarter. Suntrust Banks Inc. raised its position in The Ensign Group by 1.3% in the second quarter. Suntrust Banks Inc. now owns 31,563 shares of the company’s stock worth $663,000 after buying an additional 417 shares in the last quarter. Greenwich Wealth Management LLC raised its position in The Ensign Group by 3.9% in the second quarter. Greenwich Wealth Management LLC now owns 16,964 shares of the company’s stock worth $356,000 after buying an additional 640 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in The Ensign Group by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 6,806 shares of the company’s stock worth $143,000 after buying an additional 821 shares in the last quarter. 84.62% of the stock is currently owned by institutional investors.
The Ensign Group Company Profile
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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