The Ensign Group (ENSG) Sets New 1-Year High at $55.54

Shares of The Ensign Group, Inc. (NASDAQ:ENSG) hit a new 52-week high on Monday . The stock traded as high as $55.54 and last traded at $56.09, with a volume of 23514 shares traded. The stock had previously closed at $53.97.

ENSG has been the topic of several recent research reports. BidaskClub raised The Ensign Group from a “hold” rating to a “buy” rating in a report on Friday, January 25th. ValuEngine lowered The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 3rd. Zacks Investment Research lowered The Ensign Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 9th. Finally, Oppenheimer boosted their price target on The Ensign Group from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The Ensign Group has a consensus rating of “Buy” and a consensus price target of $43.43.

The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.87. The company has a market cap of $2.97 billion, a P/E ratio of 31.08, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.01. The business had revenue of $549.21 million for the quarter, compared to analyst estimates of $545.09 million. The Ensign Group had a return on equity of 17.23% and a net margin of 4.59%. The Ensign Group’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 EPS. Equities research analysts predict that The Ensign Group, Inc. will post 2.1 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Sunday, March 31st were paid a $0.0475 dividend. This is a positive change from The Ensign Group’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.19 annualized dividend and a yield of 0.34%. The Ensign Group’s payout ratio is currently 10.61%.

A number of hedge funds have recently made changes to their positions in ENSG. Geode Capital Management LLC boosted its stake in The Ensign Group by 9.0% in the first quarter. Geode Capital Management LLC now owns 624,494 shares of the company’s stock worth $31,967,000 after purchasing an additional 51,637 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in The Ensign Group by 3.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 410,616 shares of the company’s stock worth $21,020,000 after purchasing an additional 13,522 shares in the last quarter. Renaissance Technologies LLC boosted its stake in The Ensign Group by 12.1% in the first quarter. Renaissance Technologies LLC now owns 132,000 shares of the company’s stock worth $6,757,000 after purchasing an additional 14,300 shares in the last quarter. AQR Capital Management LLC boosted its stake in The Ensign Group by 64.7% in the first quarter. AQR Capital Management LLC now owns 218,259 shares of the company’s stock worth $11,173,000 after purchasing an additional 85,765 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new position in The Ensign Group in the first quarter worth $435,000. 82.38% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This piece was reported by WKRB News and is the sole property of of WKRB News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://www.wkrb13.com/2019/05/15/the-ensign-group-ensg-sets-new-1-year-high-at-55-54.html.

About The Ensign Group (NASDAQ:ENSG)

The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in 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, such as daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.

See Also: What is a Real Estate Investment Trust (REIT)?

Receive News & Ratings for The Ensign Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Ensign Group and related companies with MarketBeat.com's FREE daily email newsletter.