The Ensign Group, Inc. (ENSG) Raised to Strong-Buy at BidaskClub

BidaskClub upgraded shares of The Ensign Group, Inc. (NASDAQ:ENSG) from a buy rating to a strong-buy rating in a report issued on Saturday morning.

ENSG has been the subject of a number of other research reports. Zacks Investment Research raised shares of The Ensign Group from a sell rating to a hold rating in a research report on Thursday, May 25th. Wells Fargo & Company cut shares of The Ensign Group from a market perform rating to an underperform rating in a research report on Friday, April 28th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $22.60.

The Ensign Group (NASDAQ ENSG) traded up 0.05% during mid-day trading on Friday, hitting $20.69. 371,051 shares of the stock traded hands. The stock has a market cap of $1.05 billion, a P/E ratio of 24.96 and a beta of 0.91. The stock has a 50-day moving average price of $19.30 and a 200-day moving average price of $19.70. The Ensign Group has a 12 month low of $16.51 and a 12 month high of $23.18.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Monday, May 1st. The company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. The firm had revenue of $441.74 million during the quarter, compared to analysts’ expectations of $435.72 million. The Ensign Group had a net margin of 0.67% and a return on equity of 2.50%. On average, equities analysts forecast that The Ensign Group will post $1.49 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, June 30th will be issued a dividend of $0.0425 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.17 dividend on an annualized basis and a yield of 0.82%. The Ensign Group’s dividend payout ratio (DPR) is presently 20.48%.

In other The Ensign Group news, Director John G. Nackel bought 3,462 shares of The Ensign Group stock in a transaction on Friday, April 28th. The shares were bought at an average cost of $17.55 per share, for a total transaction of $60,758.10. Following the acquisition, the director now directly owns 96,732 shares in the company, valued at $1,697,646.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.20% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in The Ensign Group during the fourth quarter worth about $6,783,000. Comerica Bank raised its stake in The Ensign Group by 5.8% in the fourth quarter. Comerica Bank now owns 50,522 shares of the company’s stock worth $1,050,000 after buying an additional 2,752 shares during the period. State Street Corp raised its stake in The Ensign Group by 5.8% in the fourth quarter. State Street Corp now owns 1,114,745 shares of the company’s stock worth $24,756,000 after buying an additional 61,472 shares during the period. Dimensional Fund Advisors LP raised its stake in The Ensign Group by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,956,431 shares of the company’s stock worth $43,453,000 after buying an additional 78,878 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in The Ensign Group during the fourth quarter worth about $369,000. Institutional investors own 87.79% of the company’s stock.

About The Ensign Group

The Ensign Group, Inc, through its operating subsidiaries, provides healthcare services across the post-acute care continuum, as well as other ancillary businesses located in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Texas, Utah, Washington and Wisconsin.

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