The Ensign Group Inc. (ENSG) Trading Up 1.8%
The Ensign Group Inc. (NASDAQ:ENSG)’s share price was up 1.8% during mid-day trading on Wednesday . The company traded as high as $18.86 and last traded at $18.85, with a volume of 157,680 shares trading hands. The stock had previously closed at $18.52.
Several equities analysts have weighed in on ENSG shares. Zacks Investment Research downgraded shares of The Ensign Group from a “hold” rating to a “sell” rating in a 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 report on Thursday, May 12th. Royal Bank Of Canada raised their target price on shares of The Ensign Group from $24.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, May 12th. Cantor Fitzgerald restated a “buy” rating and set a $22.00 target price on shares of The Ensign Group in a 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 for the company in a report on Thursday, August 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $25.00.
The stock has a 50 day moving average of $20.26 and a 200-day moving average of $20.92. The stock has a market cap of $929.92 million and a P/E ratio of 20.45.
The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.33 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.33. The company earned $410.51 million during the quarter, compared to the consensus estimate of $400.19 million. During the same period in the previous year, the business earned $0.60 earnings per share. The Ensign Group’s revenue was up 32.0% on a year-over-year basis. Equities analysts predict that The Ensign Group Inc. will post $1.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Sunday, July 31st. Stockholders of record on Thursday, June 30th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Tuesday, June 28th.
In other news, VP Beverly B. Wittekind sold 18,330 shares of the firm’s stock in a transaction on Monday, June 13th. The stock was sold at an average price of $20.29, for a total value of $371,915.70. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink.
A hedge fund recently raised its stake in The Ensign Group stock. Employees Retirement System of Texas raised its position in The Ensign Group Inc. (NASDAQ:ENSG) by 100.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 92,000 shares of the company’s stock after buying an additional 46,000 shares during the period. Employees Retirement System of Texas owned 0.18% of The Ensign Group worth $2,082,000 as of its most recent SEC filing.
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.