Insider Selling: The Ensign Group, Inc. (ENSG) Director Sells $38,250.00 in Stock
The Ensign Group, Inc. (NASDAQ:ENSG) Director John G. Nackel sold 1,000 shares of the stock in a transaction that occurred 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 sale, the director now owns 78,232 shares of the company’s stock, valued at approximately $2,992,374. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
ENSG opened at $38.45 on Friday. The company has a market capitalization of $1.98 billion, a PE ratio of 32.04, a PEG ratio of 1.48 and a beta of 0.65. 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, Inc. has a 52 week low of $20.81 and a 52 week high of $40.64.
The Ensign Group (NASDAQ:ENSG) last released its earnings results on Thursday, August 2nd. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.01. The company had revenue of $496.40 million during the quarter, compared to analysts’ expectations of $496.61 million. The Ensign Group had a return on equity of 15.61% and a net margin of 3.61%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. As a group, research analysts expect that The Ensign Group, Inc. will post 1.71 earnings per share for the current fiscal year.
A number of research analysts have recently commented on the company. ValuEngine cut The Ensign Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 3rd. Cantor Fitzgerald restated a “buy” rating and issued a $42.00 target price on shares of The Ensign Group in a research note on Monday, July 30th. BidaskClub upgraded The Ensign Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 17th. Stifel Nicolaus set a $34.00 target price on The Ensign Group and gave the company a “hold” rating in a research note on Thursday, August 16th. Finally, Zacks Investment Research cut The Ensign Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 22nd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $38.00.
Large investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. raised its stake in The Ensign Group by 6.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 368,522 shares of the company’s stock valued at $13,201,000 after buying an additional 20,806 shares during the last quarter. BlackRock Inc. raised its stake in The Ensign Group by 14.1% during the second quarter. BlackRock Inc. now owns 7,187,953 shares of the company’s stock valued at $257,471,000 after buying an additional 890,137 shares during the last quarter. WINTON GROUP Ltd purchased a new position in The Ensign Group during the second quarter valued at $16,497,000. UBS Group AG raised its stake in The Ensign Group by 147.8% during the first quarter. UBS Group AG now owns 38,355 shares of the company’s stock valued at $1,008,000 after buying an additional 22,875 shares during the last quarter. Finally, American Century Companies Inc. purchased a new position in The Ensign Group during the second quarter valued at $6,672,000. Institutional investors and hedge funds own 84.59% 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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