Oppenheimer Asset Management Inc. raised its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 10.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,747 shares of the company’s stock after acquiring an additional 1,395 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in The Ensign Group were worth $559,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pillar Pacific Capital Management LLC acquired a new stake in shares of The Ensign Group during the third quarter worth $204,000. Paloma Partners Management Co acquired a new stake in shares of The Ensign Group during the second quarter worth $231,000. BlueMountain Capital Management LLC acquired a new stake in shares of The Ensign Group during the second quarter worth $248,000. Janus Henderson Group PLC acquired a new stake in shares of The Ensign Group during the second quarter worth $265,000. Finally, Amalgamated Bank acquired a new stake in shares of The Ensign Group during the second quarter worth $287,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.
A number of analysts have weighed in on the stock. Cantor Fitzgerald reissued a “buy” rating and set a $42.00 target price on shares of The Ensign Group in a report on Monday, July 30th. ValuEngine cut shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Friday, August 3rd. BidaskClub raised shares of The Ensign Group from a “buy” rating to a “strong-buy” rating in a report on Friday, August 17th. Stifel Nicolaus set a $34.00 price objective on shares of The Ensign Group and gave the stock a “hold” rating in a report on Thursday, August 16th. Finally, Zacks Investment Research cut shares of The Ensign Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 22nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The Ensign Group currently has a consensus rating of “Buy” and an average target price of $39.00.
The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Wednesday, October 31st. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.01. The Ensign Group had a net margin of 3.86% and a return on equity of 16.10%. The business had revenue of $522.21 million for the quarter, compared to analysts’ expectations of $506.14 million. During the same quarter last year, the company earned $0.28 EPS. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, research analysts forecast that The Ensign Group, Inc. will post 1.71 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Sunday, September 30th were issued a $0.045 dividend. The ex-dividend date was Thursday, September 27th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.39%. The Ensign Group’s dividend payout ratio (DPR) is presently 15.00%.
In related news, CFO Suzanne D. Snapper sold 47,039 shares of the stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $38.25, for a total value of $1,799,241.75. Following the completion of the transaction, the chief financial officer now owns 159,561 shares in the company, valued at approximately $6,103,208.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Chad Keetch sold 64,039 shares of the stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $44.90, for a total transaction of $2,875,351.10. Following the completion of the transaction, the vice president now owns 70,892 shares of the company’s stock, valued at approximately $3,183,050.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,972 shares of company stock worth $6,101,157. Corporate insiders own 6.00% 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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