The Ensign Group Inc. (ENSG) Shares Down 11.6%
The Ensign Group Inc. (NASDAQ:ENSG)’s share price fell 11.6% on Tuesday . The stock traded as low as $18.85 and last traded at $19.00, with a volume of 407,286 shares. The stock had previously closed at $21.49.
Several brokerages have recently weighed in on ENSG. Wells Fargo & Co. cut shares of The Ensign Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 26th. TheStreet lowered shares of The Ensign Group from a “buy” rating to a “hold” rating in a report on Thursday, May 26th. Zacks Investment Research lowered shares of The Ensign Group from a “hold” rating to a “sell” rating in a report on Monday, April 18th. Cantor Fitzgerald reissued a “buy” rating and issued a $22.00 target price on shares of The Ensign Group in a report on Wednesday. Finally, Royal Bank Of Canada increased their target price on shares of The Ensign Group from $24.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, May 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $25.25.
The company has a market capitalization of $961.67 million and a price-to-earnings ratio of 21.15. The stock’s 50 day moving average price is $20.87 and its 200 day moving average price is $21.21.
The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.33 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.33. During the same quarter in the previous year, the firm posted $0.60 EPS. The business had revenue of $410.51 million for the quarter, compared to analysts’ expectations of $400.19 million. The Ensign Group’s revenue was up 32.0% on a year-over-year basis. On average, equities research analysts anticipate that The Ensign Group Inc. will post $1.48 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Sunday, July 31st. Stockholders of record on Thursday, June 30th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.83%.
In other news, VP Beverly B. Wittekind sold 18,330 shares of the business’s 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 owns 40,861 shares in the company, valued at $829,069.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Several large investors have recently added to or reduced their stakes in ENSG. 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 period. 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 period. 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 period. 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 period. Finally, Bank of Montreal Can increased its stake in The Ensign Group by 127.9% in the fourth quarter. Bank of Montreal Can now owns 423,226 shares of the company’s stock worth $9,578,000 after buying an additional 237,514 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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