Alps Advisors Inc. cut its position in The Ensign Group Inc. (NASDAQ:ENSG) by 6.8% during the second quarter, Holdings Channel reports. The firm owned 18,725 shares of the company’s stock after selling 1,376 shares during the period. Alps Advisors Inc.’s holdings in The Ensign Group were worth $393,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of ENSG. BNP Paribas Arbitrage SA boosted its stake in The Ensign Group by 63.7% in the second quarter. BNP Paribas Arbitrage SA now owns 18,042 shares of the company’s stock worth $379,000 after buying an additional 7,019 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its stake in The Ensign Group by 107.1% in the first quarter. OMERS ADMINISTRATION Corp now owns 23,500 shares of the company’s stock worth $532,000 after buying an additional 12,153 shares in the last quarter. Bank of Montreal Can bought a new stake in The Ensign Group during the second quarter worth approximately $7,475,000. Zebra Capital Management LLC boosted its stake in The Ensign Group by 115.3% in the first quarter. Zebra Capital Management LLC now owns 54,169 shares of the company’s stock worth $1,226,000 after buying an additional 29,007 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in The Ensign Group by 4,623.3% in the first quarter. Envestnet Asset Management Inc. now owns 209,996 shares of the company’s stock worth $4,754,000 after buying an additional 205,550 shares in the last quarter. Institutional investors and hedge funds own 84.66% of the company’s stock.
The Ensign Group Inc. (NASDAQ:ENSG) traded up 2.74% during midday trading on Monday, hitting $20.60. The company had a trading volume of 144,500 shares. The stock has a 50 day moving average price of $20.01 and a 200-day moving average price of $20.87. The Ensign Group Inc. has a 52 week low of $17.60 and a 52 week high of $25.09. The stock has a market capitalization of $1.04 billion, a PE ratio of 22.84 and a beta of 0.68.
The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. The business earned $410.51 million during the quarter, compared to analysts’ expectations of $400.19 million. The Ensign Group had a net margin of 3.13% and a return on equity of 15.86%. The business’s revenue was up 32.0% on a year-over-year basis. During the same period last year, the firm posted $0.60 earnings per share. On average, equities analysts predict that The Ensign Group Inc. will post $1.38 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, September 30th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Wednesday, September 28th. The Ensign Group’s dividend payout ratio (DPR) is presently 17.49%.
A number of research firms have recently commented on ENSG. SunTrust Banks Inc. cut their target price on The Ensign Group from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, August 4th. Zacks Investment Research raised The Ensign Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 4th. Cantor Fitzgerald reissued a “buy” rating and issued a $22.00 target price on shares of The Ensign Group in a research note on Wednesday, August 3rd. Finally, TheStreet raised The Ensign Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 2nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $25.00.
About The Ensign Group
The Ensign Group, Inc is a holding company. The Company, through its subsidiaries, provides healthcare services across the post-acute care continuum, as well as urgent care centers and mobile ancillary businesses. Its segments include transitional, skilled and assisted living services (TSA services); home health and hospice services, and all other.
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