Pacific Ridge Capital Partners LLC increased its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 5.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 48,290 shares of the company’s stock after acquiring an additional 2,540 shares during the quarter. Pacific Ridge Capital Partners LLC’s holdings in The Ensign Group were worth $1,831,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of ENSG. Principal Financial Group Inc. increased its stake in The Ensign Group by 5.9% in the 1st quarter. Principal Financial Group Inc. now owns 391,152 shares of the company’s stock worth $10,288,000 after buying an additional 21,783 shares during the period. Comerica Bank increased its stake in The Ensign Group by 5.3% in the 2nd quarter. Comerica Bank now owns 53,733 shares of the company’s stock worth $2,033,000 after buying an additional 2,720 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in The Ensign Group in the 2nd quarter worth about $712,000. Victory Capital Management Inc. increased its stake in The Ensign Group by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 11,680 shares of the company’s stock worth $418,000 after buying an additional 1,603 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in The Ensign Group in the 2nd quarter worth about $369,000. 84.17% of the stock is currently owned by institutional investors.
Shares of The Ensign Group stock opened at $45.62 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. The Ensign Group, Inc. has a 1 year low of $21.67 and a 1 year high of $48.17. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 38.02, a price-to-earnings-growth ratio of 1.78 and a beta of 0.68.
The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Wednesday, October 31st. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.01. The Ensign Group had a net margin of 3.86% and a return on equity of 16.10%. The company had revenue of $522.21 million for the quarter, compared to analysts’ expectations of $506.14 million. During the same period in the prior year, the business earned $0.28 EPS. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, equities research analysts forecast that The Ensign Group, Inc. will post 1.71 earnings per share for the current fiscal year.
In other The Ensign Group news, Director John G. Nackel sold 1,000 shares of the stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $38.25, for a total transaction of $38,250.00. Following the transaction, the director now directly owns 78,232 shares in the company, valued at approximately $2,992,374. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John G. Nackel sold 4,000 shares of the stock in a transaction dated Tuesday, October 9th. The stock was sold at an average price of $39.00, for a total transaction of $156,000.00. Following the transaction, the director now owns 78,232 shares in the company, valued at $3,051,048. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 98,453 shares of company stock worth $4,283,378. 6.00% of the stock is owned by company insiders.
ENSG has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of The Ensign Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 22nd. BidaskClub downgraded shares of The Ensign Group from a “buy” rating to a “hold” rating in a research note on Friday, September 14th. Stifel Nicolaus set a $34.00 price target on shares of The Ensign Group and gave the stock a “hold” rating in a research note on Thursday, August 16th. Finally, Cantor Fitzgerald raised their price target on shares of The Ensign Group from $42.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, November 2nd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The Ensign Group currently has an average rating of “Buy” and a consensus price target of $40.71.
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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 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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