The Ensign Group (NASDAQ:ENSG) Cut to “Sell” at BidaskClub

BidaskClub downgraded shares of The Ensign Group (NASDAQ:ENSG) from a hold rating to a sell rating in a research note released on Tuesday, BidAskClub reports.

A number of other equities analysts also recently weighed in on the stock. Oppenheimer set a $64.00 price target on shares of The Ensign Group and gave the stock a buy rating in a research note on Thursday, September 26th. ValuEngine downgraded shares of The Ensign Group from a sell rating to a strong sell rating in a research note on Thursday, October 3rd. Zacks Investment Research raised shares of The Ensign Group from a hold rating to a buy rating and set a $52.00 target price on the stock in a research note on Tuesday, September 24th. Finally, Stifel Nicolaus raised their target price on shares of The Ensign Group from $52.00 to $56.00 and gave the company a hold rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $55.50.

NASDAQ:ENSG opened at $39.90 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.85. The company has a market cap of $2.09 billion, a P/E ratio of 22.29, a P/E/G ratio of 1.24 and a beta of 0.90. The Ensign Group has a fifty-two week low of $35.93 and a fifty-two week high of $63.00. The firm’s 50 day moving average is $47.15 and its two-hundred day moving average is $52.36.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. The company had revenue of $575.65 million for the quarter, compared to the consensus estimate of $574.24 million. The Ensign Group had a net margin of 4.74% and a return on equity of 17.32%. The Ensign Group’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share. Research analysts forecast that The Ensign Group will post 2.11 earnings per share for the current fiscal year.

The firm also recently announced a — dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a $0.0475 dividend. This represents a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 27th. The Ensign Group’s dividend payout ratio is presently 38.55%.

In other news, insider Spencer Burton sold 1,000 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $60.00, for a total value of $60,000.00. Following the transaction, the insider now owns 19,351 shares of the company’s stock, valued at approximately $1,161,060. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 2,612 shares of company stock worth $149,118. Insiders own 6.70% of the company’s stock.

Several hedge funds have recently modified their holdings of ENSG. Huntington National Bank purchased a new position in shares of The Ensign Group in the 2nd quarter valued at $27,000. Tower Research Capital LLC TRC purchased a new stake in The Ensign Group during the 2nd quarter worth $46,000. Point72 Asset Management L.P. purchased a new stake in The Ensign Group during the 2nd quarter worth $57,000. Krane Funds Advisors LLC purchased a new stake in The Ensign Group during the 2nd quarter worth $58,000. Finally, Advisory Services Network LLC increased its stake in The Ensign Group by 59.8% during the 1st quarter. Advisory Services Network LLC now owns 1,162 shares of the company’s stock worth $60,000 after buying an additional 435 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

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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