The Ensign Group, Inc. (ENSG) Stake Raised by Swiss National Bank

Swiss National Bank raised its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 2.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,800 shares of the company’s stock after purchasing an additional 1,900 shares during the quarter. Swiss National Bank owned approximately 0.16% of The Ensign Group worth $3,254,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new stake in The Ensign Group during the 3rd quarter valued at $112,000. Pillar Pacific Capital Management LLC acquired a new stake in shares of The Ensign Group during the third quarter worth $204,000. MML Investors Services LLC acquired a new stake in shares of The Ensign Group during the third quarter worth $224,000. Paloma Partners Management Co acquired a new stake in shares of The Ensign Group during the second quarter worth $231,000. Finally, BlueMountain Capital Management LLC acquired a new stake in shares of The Ensign Group during the second quarter worth $248,000. 84.17% of the stock is owned by institutional investors and hedge funds.

ENSG opened at $45.69 on Tuesday. The Ensign Group, Inc. has a fifty-two week low of $21.67 and a fifty-two week high of $48.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market cap of $2.37 billion, a PE ratio of 38.08, a PEG ratio of 1.77 and a beta of 0.67.

The Ensign Group (NASDAQ:ENSG) last posted its earnings results 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 return on equity of 16.10% and a net margin of 3.86%. The company had revenue of $522.21 million during the quarter, compared to the consensus estimate of $506.14 million. During the same quarter last year, the firm earned $0.28 earnings per share. The company’s revenue was up 10.7% on a year-over-year basis. On average, sell-side analysts predict that The Ensign Group, Inc. will post 1.71 EPS for the current year.

In related news, VP Chad Keetch sold 64,039 shares of the firm’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $44.90, for a total value of $2,875,351.10. Following the transaction, the vice president now owns 70,892 shares in the company, valued at $3,183,050.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John G. Nackel sold 1,000 shares of the firm’s stock in a transaction on Friday, October 5th. The stock was sold at an average price of $38.25, for a total value of $38,250.00. Following the completion of the transaction, the director now owns 78,232 shares in the company, valued at approximately $2,992,374. The disclosure for this sale can be found here. Insiders sold 98,453 shares of company stock worth $4,283,378 in the last 90 days. 6.00% of the stock is owned by company insiders.

ENSG has been the subject of a number of research reports. BidaskClub downgraded The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Friday, September 7th. Zacks Investment Research downgraded The Ensign Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 22nd. Cantor Fitzgerald lifted their target price on The Ensign Group from $42.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, November 2nd. Finally, Stifel Nicolaus set a $34.00 target price on The Ensign Group and gave the stock a “hold” rating in a report on Thursday, August 16th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $40.71.

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The Ensign Group 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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Institutional Ownership by Quarter for The Ensign Group (NASDAQ:ENSG)

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