BidaskClub downgraded shares of The Ensign Group (NASDAQ:ENSG) from a strong-buy rating to a buy rating in a research report sent to investors on Friday.

Other analysts have also issued research reports about the stock. ValuEngine lowered shares of The Ensign Group from a strong-buy rating to a buy rating in a research report on Friday, August 3rd. Cantor Fitzgerald restated a buy rating and set a $42.00 price target on shares of The Ensign Group in a research report on Monday, July 30th. Citigroup raised their price target on shares of The Ensign Group from $31.00 to $39.00 and gave the company an outperform rating in a research report on Tuesday, May 22nd. Stifel Nicolaus set a $34.00 price target on shares of The Ensign Group and gave the company a hold rating in a research report on Thursday, August 16th. Finally, Zacks Investment Research lowered shares of The Ensign Group from a buy rating to a hold rating in a research report on Wednesday, August 22nd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The Ensign Group presently has an average rating of Buy and a consensus price target of $38.13.

Shares of The Ensign Group stock traded down $0.54 during trading on Friday, hitting $37.25. 161,238 shares of the company’s stock were exchanged, compared to its average volume of 192,678. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The Ensign Group has a 52-week low of $19.94 and a 52-week high of $40.09. The stock has a market cap of $1.97 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 1.47 and a beta of 0.65.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The company had revenue of $496.40 million for the quarter, compared to analyst estimates of $496.61 million. The Ensign Group had a net margin of 3.61% and a return on equity of 15.61%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business earned $0.23 earnings per share. equities analysts expect that The Ensign Group will post 1.71 EPS for the current year.

In other news, CEO Christopher R. Christensen sold 21,241 shares of The Ensign Group stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $37.42, for a total value of $794,838.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Suzanne D. Snapper sold 47,039 shares of The Ensign Group stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $38.25, for a total transaction of $1,799,241.75. Following the completion of the sale, the chief financial officer now owns 159,561 shares in the company, valued at approximately $6,103,208.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 154,487 shares of company stock worth $5,838,391. 6.00% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in ENSG. BlackRock Inc. grew its position in shares of The Ensign Group by 14.1% in the second quarter. BlackRock Inc. now owns 7,187,953 shares of the company’s stock valued at $257,471,000 after purchasing an additional 890,137 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of The Ensign Group in the second quarter valued at about $30,968,000. WINTON GROUP Ltd acquired a new stake in shares of The Ensign Group in the second quarter valued at about $16,497,000. LSV Asset Management grew its position in shares of The Ensign Group by 36.8% in the first quarter. LSV Asset Management now owns 1,302,319 shares of the company’s stock valued at $34,250,000 after purchasing an additional 350,249 shares during the period. Finally, Gagnon Securities LLC acquired a new stake in shares of The Ensign Group in the second quarter valued at about $8,784,000. Institutional investors and hedge funds own 86.82% of the company’s stock.

The Ensign Group Company Profile

The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses in the United States. It operates through three segments: Transitional and Skilled Services; Assisted and Independent Living Services; and Home Health and Hospice Services. The Transitional and Skilled Services segment offers a range of medical, nursing, rehabilitative, and pharmacy services, as well as routine services, including daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.

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Analyst Recommendations for The Ensign Group (NASDAQ:ENSG)

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