Sawgrass Asset Management LLC trimmed its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 19.2% during the first quarter, HoldingsChannel reports. The firm owned 60,160 shares of the company’s stock after selling 14,295 shares during the quarter. Sawgrass Asset Management LLC’s holdings in The Ensign Group were worth $3,080,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ENSG. Vanguard Group Inc. increased its position in The Ensign Group by 5.0% during the third quarter. Vanguard Group Inc. now owns 5,592,289 shares of the company’s stock worth $212,060,000 after buying an additional 263,949 shares during the last quarter. Dimensional Fund Advisors LP increased its position in The Ensign Group by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,275,411 shares of the company’s stock worth $88,263,000 after buying an additional 17,470 shares during the last quarter. Bank of New York Mellon Corp increased its position in The Ensign Group by 1.3% during the third quarter. Bank of New York Mellon Corp now owns 700,915 shares of the company’s stock worth $26,579,000 after buying an additional 8,925 shares during the last quarter. Norges Bank acquired a new position in The Ensign Group during the fourth quarter worth approximately $26,625,000. Finally, Geode Capital Management LLC increased its position in The Ensign Group by 11.2% during the fourth quarter. Geode Capital Management LLC now owns 572,857 shares of the company’s stock worth $22,220,000 after buying an additional 57,822 shares during the last quarter. Institutional investors and hedge funds own 82.38% of the company’s stock.
A number of brokerages have weighed in on ENSG. ValuEngine downgraded The Ensign Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 3rd. BidaskClub raised The Ensign Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. Zacks Investment Research downgraded The Ensign Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Finally, Oppenheimer boosted their price target on The Ensign Group from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $43.43.
Shares of ENSG traded down $0.82 during trading hours on Friday, reaching $56.34. The stock had a trading volume of 3,951 shares, compared to its average volume of 307,005. The Ensign Group, Inc. has a 12 month low of $33.28 and a 12 month high of $57.28. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 1.78 and a beta of 0.95. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.15.
The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. The Ensign Group had a return on equity of 17.23% and a net margin of 4.59%. The company had revenue of $549.21 million during the quarter, compared to analysts’ expectations of $545.09 million. During the same period in the prior year, the company earned $0.45 EPS. The Ensign Group’s revenue was up 11.6% compared to the same quarter last year. As a group, equities analysts forecast that The Ensign Group, Inc. will post 2.1 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Sunday, March 31st were paid a $0.0475 dividend. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.34%. This is a boost 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 dividend payout ratio is presently 10.61%.
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The Ensign Group Company Profile
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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