BidaskClub lowered shares of The Ensign Group (NASDAQ:ENSG) from a buy rating to a hold rating in a research report released on Friday morning.

Several other equities research analysts have also issued reports on ENSG. Citigroup raised their price objective on The Ensign Group from $31.00 to $39.00 and gave the company an outperform rating in a research note on Tuesday, May 22nd. Oppenheimer raised their price objective on The Ensign Group from $31.00 to $39.00 and gave the company an outperform rating in a research note on Tuesday, May 22nd. Zacks Investment Research lowered The Ensign Group from a strong-buy rating to a hold rating in a research note on Tuesday, July 3rd. Cantor Fitzgerald increased their price target on The Ensign Group to $42.00 and gave the stock an overweight rating in a report on Tuesday, July 10th. Finally, ValuEngine downgraded The Ensign Group from a strong-buy rating to a buy rating in a report on Friday, August 3rd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $38.13.

NASDAQ:ENSG opened at $36.94 on Friday. The company has a market capitalization of $1.88 billion, a PE ratio of 30.78, a P/E/G ratio of 1.41 and a beta of 0.65. The Ensign Group has a 1 year low of $19.94 and a 1 year high of $40.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $496.40 million during the quarter, compared to analyst estimates of $496.61 million. The Ensign Group had a return on equity of 15.61% and a net margin of 3.61%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the company earned $0.23 EPS. research analysts expect that The Ensign Group will post 1.71 EPS for the current fiscal year.

In other The Ensign Group news, CEO Christopher R. Christensen sold 21,241 shares of the firm’s stock in a transaction on Monday, July 16th. The stock was sold at an average price of $37.42, for a total transaction of $794,838.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Suzanne D. Snapper sold 47,039 shares of the firm’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $38.25, for a total value of $1,799,241.75. Following the transaction, the chief financial officer now owns 159,561 shares in the company, valued at $6,103,208.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 154,149 shares of company stock worth $5,825,750. Company insiders own 6.00% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ENSG. BlackRock Inc. increased its holdings in The Ensign Group by 14.1% during the 2nd quarter. BlackRock Inc. now owns 7,187,953 shares of the company’s stock worth $257,471,000 after purchasing an additional 890,137 shares during the period. Segall Bryant & Hamill LLC purchased a new position in The Ensign Group during the 2nd quarter worth $30,968,000. WINTON GROUP Ltd purchased a new position in The Ensign Group during the 2nd quarter worth $16,497,000. Gagnon Securities LLC purchased a new position in The Ensign Group during the 2nd quarter worth $8,784,000. Finally, Advisors Asset Management Inc. increased its holdings in The Ensign Group by 14,877.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 239,336 shares of the company’s stock worth $103,000 after purchasing an additional 237,738 shares during the period. Institutional investors own 86.37% of the company’s stock.

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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Analyst Recommendations for The Ensign Group (NASDAQ:ENSG)

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