The Ensign Group (NASDAQ:ENSG) Upgraded at BidaskClub

BidaskClub upgraded shares of The Ensign Group (NASDAQ:ENSG) from a hold rating to a buy rating in a research note published on Friday morning, BidAskClub reports.

A number of other research firms also recently issued reports on ENSG. ValuEngine upgraded shares of Yelp from a sell rating to a hold rating in a research report on Wednesday, April 3rd. Oppenheimer cut their target price on shares of 2U from $83.00 to $67.00 and set an outperform rating on the stock in a research report on Wednesday, May 8th. Finally, Zacks Investment Research downgraded shares of Glu Mobile from a buy rating to a hold rating in a research report on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The Ensign Group has an average rating of Buy and an average price target of $44.17.

The Ensign Group stock opened at $58.19 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.87. The Ensign Group has a 1 year low of $34.69 and a 1 year high of $59.42. The firm has a market cap of $3.12 billion, a P/E ratio of 32.51, a PEG ratio of 1.86 and a beta of 0.84. The company’s 50-day simple moving average is $56.68.

The Ensign Group (NASDAQ:ENSG) last released its earnings results on Monday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The Ensign Group had a net margin of 4.59% and a return on equity of 17.23%. The company had revenue of $549.21 million for the quarter, compared to the consensus estimate of $545.09 million. During the same period in the prior year, the company posted $0.45 EPS. The company’s revenue was up 11.6% compared to the same quarter last year. On average, research analysts expect that The Ensign Group will post 2.11 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Sunday, June 30th will be given a $0.0475 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.33%. The Ensign Group’s dividend payout ratio is 10.61%.

In related news, VP Beverly B. Wittekind sold 868 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $53.17, for a total value of $46,151.56. Following the sale, the vice president now directly owns 54,462 shares in the company, valued at approximately $2,895,744.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Suzanne D. Snapper sold 2,982 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $53.17, for a total transaction of $158,552.94. Following the completion of the sale, the chief financial officer now owns 223,216 shares in the company, valued at $11,868,394.72. The disclosure for this sale can be found here. Insiders sold a total of 4,547 shares of company stock worth $242,252 over the last quarter. 6.70% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Advisor Group Inc. grew its position in shares of The Ensign Group by 53.3% during the 4th quarter. Advisor Group Inc. now owns 7,469 shares of the company’s stock valued at $289,000 after acquiring an additional 2,597 shares during the period. Great West Life Assurance Co. Can boosted its holdings in The Ensign Group by 3.9% in the 4th quarter. Great West Life Assurance Co. Can now owns 65,592 shares of the company’s stock worth $2,347,000 after buying an additional 2,459 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in The Ensign Group by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,275,411 shares of the company’s stock worth $88,263,000 after buying an additional 17,470 shares during the last quarter. California State Teachers Retirement System boosted its holdings in The Ensign Group by 3.3% in the 4th quarter. California State Teachers Retirement System now owns 77,932 shares of the company’s stock worth $3,023,000 after buying an additional 2,498 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in The Ensign Group by 11.2% in the 4th quarter. Geode Capital Management LLC now owns 572,857 shares of the company’s stock worth $22,220,000 after buying an additional 57,822 shares during the last quarter. Institutional investors and hedge funds own 80.73% 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. 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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Analyst Recommendations for The Ensign Group (NASDAQ:ENSG)

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