Steinberg Global Asset Management boosted its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 75.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,064 shares of the company’s stock after purchasing an additional 39,595 shares during the quarter. Steinberg Global Asset Management owned approximately 0.17% of The Ensign Group worth $2,421,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. State of Alaska Department of Revenue increased its holdings in shares of The Ensign Group by 1.5% in the first quarter. State of Alaska Department of Revenue now owns 16,697 shares of the company’s stock valued at $854,000 after purchasing an additional 250 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of The Ensign Group in the first quarter valued at approximately $3,783,000. Tibra Equities Europe Ltd acquired a new stake in shares of The Ensign Group in the first quarter valued at approximately $1,039,000. Deutsche Bank AG increased its holdings in shares of The Ensign Group by 3.1% in the fourth quarter. Deutsche Bank AG now owns 109,480 shares of the company’s stock valued at $4,244,000 after purchasing an additional 3,342 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of The Ensign Group by 64.8% in the fourth quarter. American Century Companies Inc. now owns 430,707 shares of the company’s stock valued at $16,707,000 after purchasing an additional 169,338 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

In other The Ensign Group news, CFO Suzanne D. Snapper sold 19,191 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $47.58, for a total transaction of $913,107.78. Following the completion of the sale, the chief financial officer now owns 228,505 shares of the company’s stock, valued at $10,872,267.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.00% of the stock is owned by company insiders.

Several research firms recently commented on ENSG. ValuEngine cut The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 3rd. Zacks Investment Research cut The Ensign Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 9th. Finally, BidaskClub cut The Ensign Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $40.71.

ENSG stock traded up $0.02 during midday trading on Monday, hitting $51.78. 181,250 shares of the company’s stock were exchanged, compared to its average volume of 309,958. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.39. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 28.93, a price-to-earnings-growth ratio of 1.65 and a beta of 0.98. The Ensign Group, Inc. has a 1-year low of $27.25 and a 1-year high of $54.56.

The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Wednesday, February 6th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.05. The company had revenue of $544.85 million during the quarter, compared to analysts’ expectations of $523.15 million. The Ensign Group had a return on equity of 17.19% and a net margin of 4.51%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. As a group, sell-side analysts anticipate that The Ensign Group, Inc. will post 2.06 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Sunday, March 31st will be paid a dividend of $0.0475 per share. This is a boost from The Ensign Group’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.19 annualized dividend and a yield of 0.37%. The Ensign Group’s dividend payout ratio (DPR) is 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. 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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Institutional Ownership by Quarter for The Ensign Group (NASDAQ:ENSG)

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