Psagot Investment House Ltd. lowered its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 9.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,000 shares of the company’s stock after selling 3,000 shares during the quarter. Psagot Investment House Ltd. owned 0.05% of The Ensign Group worth $1,485,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in The Ensign Group by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 700,915 shares of the company’s stock valued at $26,579,000 after purchasing an additional 8,925 shares during the last quarter. Martingale Asset Management L P bought a new position in shares of The Ensign Group during the 3rd quarter worth approximately $3,384,000. MetLife Investment Advisors LLC lifted its position in shares of The Ensign Group by 37.9% during the 3rd quarter. MetLife Investment Advisors LLC now owns 33,607 shares of the company’s stock worth $1,274,000 after buying an additional 9,233 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of The Ensign Group by 37.4% during the 3rd quarter. AQR Capital Management LLC now owns 36,197 shares of the company’s stock worth $1,373,000 after buying an additional 9,858 shares in the last quarter. Finally, Teachers Advisors LLC lifted its position in shares of The Ensign Group by 3.5% during the 3rd quarter. Teachers Advisors LLC now owns 100,271 shares of the company’s stock worth $3,802,000 after buying an additional 3,431 shares in the last quarter. 82.38% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on the stock. Oppenheimer lifted their target price on shares of The Ensign Group from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. BidaskClub raised shares of The Ensign Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. Zacks Investment Research cut shares of The Ensign Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Finally, ValuEngine cut shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The Ensign Group presently has an average rating of “Buy” and a consensus target price of $43.43.
Shares of NASDAQ:ENSG traded down $0.46 during mid-day trading on Wednesday, reaching $56.20. The company had a trading volume of 281,513 shares, compared to its average volume of 316,705. 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 stock has a market capitalization of $2.96 billion, a PE ratio of 31.40, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The Ensign Group, Inc. has a one year low of $34.69 and a one year high of $58.14.
The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $549.21 million for the quarter, compared to analysts’ expectations of $545.09 million. The Ensign Group had a net margin of 4.59% and a return on equity of 17.23%. The Ensign Group’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS. Research analysts predict that The Ensign Group, Inc. will post 2.1 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Sunday, March 31st were paid a $0.0475 dividend. This represents a $0.19 dividend on an annualized basis and a yield of 0.34%. This is a positive change from The Ensign Group’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, March 28th. The Ensign Group’s payout ratio is currently 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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