The Ensign Group, Inc. (NASDAQ:ENSG) EVP Chad Keetch Sells 278 Shares

The Ensign Group, Inc. (NASDAQ:ENSG) EVP Chad Keetch sold 278 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $48.78, for a total value of $13,560.84. Following the completion of the sale, the executive vice president now owns 71,830 shares of the company’s stock, valued at approximately $3,503,867.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of The Ensign Group stock traded up $0.35 during trading on Friday, hitting $49.43. The stock had a trading volume of 136,854 shares, compared to its average volume of 222,184. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market cap of $2.62 billion, a P/E ratio of 27.61, a PEG ratio of 1.55 and a beta of 0.91. The business has a fifty day moving average of $53.27 and a two-hundred day moving average of $53.18. The Ensign Group, Inc. has a fifty-two week low of $35.69 and a fifty-two week high of $63.00.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The business had revenue of $575.65 million during the quarter, compared to analyst estimates of $574.24 million. The Ensign Group had a return on equity of 17.32% and a net margin of 4.74%. The company’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. As a group, research analysts forecast that The Ensign Group, Inc. will post 2.11 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. New York State Teachers Retirement System lifted its holdings in shares of The Ensign Group by 0.3% during the second quarter. New York State Teachers Retirement System now owns 57,817 shares of the company’s stock valued at $3,291,000 after purchasing an additional 192 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of The Ensign Group by 3.9% during the second quarter. MML Investors Services LLC now owns 5,347 shares of the company’s stock valued at $304,000 after purchasing an additional 201 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of The Ensign Group by 2.3% during the second quarter. Advisor Group Inc. now owns 9,855 shares of the company’s stock valued at $560,000 after purchasing an additional 225 shares during the last quarter. Miles Capital Inc. lifted its holdings in shares of The Ensign Group by 3.6% during the second quarter. Miles Capital Inc. now owns 7,549 shares of the company’s stock valued at $430,000 after purchasing an additional 259 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in shares of The Ensign Group by 1.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 14,820 shares of the company’s stock valued at $844,000 after purchasing an additional 260 shares during the last quarter. 82.19% of the stock is owned by institutional investors and hedge funds.

ENSG has been the subject of several research analyst reports. BidaskClub lowered The Ensign Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Stifel Nicolaus upped their price objective on The Ensign Group from $52.00 to $56.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Finally, ValuEngine upgraded The Ensign Group from a “hold” rating to a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The Ensign Group presently has an average rating of “Buy” and an average price target of $51.25.

About The Ensign Group

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.

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Insider Buying and Selling by Quarter for The Ensign Group (NASDAQ:ENSG)

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