Oppenheimer Asset Management Inc. cut its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 28.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,485 shares of the company’s stock after selling 4,262 shares during the period. Oppenheimer Asset Management Inc.’s holdings in The Ensign Group were worth $407,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in The Ensign Group by 10.9% during the 2nd quarter. Bank of America Corp DE now owns 184,614 shares of the company’s stock worth $6,612,000 after purchasing an additional 18,081 shares in the last quarter. California Public Employees Retirement System grew its position in The Ensign Group by 151.8% during the 2nd quarter. California Public Employees Retirement System now owns 111,290 shares of the company’s stock worth $3,986,000 after purchasing an additional 67,100 shares in the last quarter. Bank of New York Mellon Corp grew its position in The Ensign Group by 4.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 691,990 shares of the company’s stock worth $24,788,000 after purchasing an additional 31,850 shares in the last quarter. Northern Trust Corp grew its position in The Ensign Group by 3.2% during the 2nd quarter. Northern Trust Corp now owns 803,542 shares of the company’s stock worth $28,782,000 after purchasing an additional 24,572 shares in the last quarter. Finally, First Hawaiian Bank purchased a new position in The Ensign Group during the 3rd quarter worth approximately $448,000. Hedge funds and other institutional investors own 86.36% of the company’s stock.
Several equities analysts have weighed in on ENSG shares. BidaskClub upgraded shares of The Ensign Group from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. Zacks Investment Research lowered shares of The Ensign Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Cantor Fitzgerald lifted their target price on shares of The Ensign Group from $42.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, November 2nd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The Ensign Group presently has a consensus rating of “Buy” and a consensus target price of $40.71.
ENSG stock opened at $50.41 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.29 and a quick ratio of 1.29. The Ensign Group, Inc. has a 1 year low of $25.43 and a 1 year high of $51.21. The firm has a market capitalization of $2.48 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 1.52 and a beta of 0.88.
The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Wednesday, February 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.05. The Ensign Group had a net margin of 4.51% and a return on equity of 17.19%. The business had revenue of $544.85 million during the quarter, compared to analyst estimates of $523.15 million. During the same quarter in the previous year, the business earned $0.40 EPS. The Ensign Group’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts forecast that The Ensign Group, Inc. will post 2.06 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 31st. Investors of record on Monday, December 31st were paid a $0.047 dividend. This represents a $0.19 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend was Friday, December 28th. The Ensign Group’s payout ratio is presently 10.61%.
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About The Ensign Group
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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