The Ensign Group, Inc. (NASDAQ:ENSG) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $47.87 and last traded at $47.85, with a volume of 3942 shares traded. The stock had previously closed at $46.39.
Several equities research analysts have recently issued reports on ENSG shares. Stephens reissued a “buy” rating and issued a $41.00 price objective on shares of The Ensign Group in a research report on Sunday, August 5th. SunTrust Banks reissued a “buy” rating and issued a $41.00 price objective on shares of The Ensign Group in a research report on Friday, August 3rd. ValuEngine lowered shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 3rd. BidaskClub lowered shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 1st. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $42.00 price objective on shares of The Ensign Group in a research report on Monday, July 30th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $39.00.
The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 39.99, a price-to-earnings-growth ratio of 1.75 and a beta of 0.65. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Sunday, September 30th were issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Thursday, September 27th. The Ensign Group’s payout ratio is 15.00%.
In other The Ensign Group news, CFO Suzanne D. Snapper sold 47,039 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 159,561 shares in the company, valued at approximately $6,103,208.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Beverly B. Wittekind sold 5,000 shares of the stock in a transaction on Tuesday, October 16th. The shares were sold at an average price of $38.61, for a total transaction of $193,050.00. Following the transaction, the vice president now owns 55,984 shares in the company, valued at $2,161,542.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 145,972 shares of company stock valued at $6,101,157. Company insiders own 6.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of ENSG. BlackRock Inc. boosted its stake in The Ensign Group by 14.1% during the 2nd quarter. BlackRock Inc. now owns 7,187,953 shares of the company’s stock valued at $257,471,000 after acquiring an additional 890,137 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in The Ensign Group during the 2nd quarter valued at $30,968,000. WINTON GROUP Ltd bought a new position in The Ensign Group during the 2nd quarter valued at $16,497,000. Gagnon Securities LLC bought a new position in The Ensign Group during the 2nd quarter valued at $8,784,000. Finally, Advisors Asset Management Inc. boosted its stake in The Ensign Group by 14,877.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 239,336 shares of the company’s stock valued at $103,000 after acquiring an additional 237,738 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.
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About The Ensign Group (NASDAQ:ENSG)
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.
See Also: Cash Flow
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