Acadian Asset Management LLC grew its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 83.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 91,334 shares of the company’s stock after purchasing an additional 41,663 shares during the quarter. Acadian Asset Management LLC owned about 0.18% of The Ensign Group worth $3,464,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of ENSG. Advisors Asset Management Inc. boosted its stake in The Ensign Group by 14,877.2% in the second quarter. Advisors Asset Management Inc. now owns 239,336 shares of the company’s stock worth $103,000 after purchasing an additional 237,738 shares in the last quarter. Pillar Pacific Capital Management LLC acquired a new position in The Ensign Group in the third quarter worth $204,000. Paloma Partners Management Co acquired a new position in The Ensign Group in the second quarter worth $231,000. BlueMountain Capital Management LLC acquired a new position in The Ensign Group in the second quarter worth $248,000. Finally, Janus Henderson Group PLC acquired a new position in The Ensign Group in the second quarter worth $265,000. 84.70% of the stock is currently owned by institutional investors.
A number of equities analysts have commented on the company. Cantor Fitzgerald boosted their price objective on The Ensign Group from $42.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, November 2nd. Zacks Investment Research lowered The Ensign Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Finally, BidaskClub raised The Ensign Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 24th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The Ensign Group has a consensus rating of “Buy” and an average target price of $39.00.
The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The Ensign Group had a return on equity of 16.10% and a net margin of 3.86%. The business had revenue of $522.21 million for the quarter, compared to analyst estimates of $506.14 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. Research analysts anticipate that The Ensign Group, Inc. will post 1.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Sunday, September 30th were paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Thursday, September 27th. The Ensign Group’s dividend payout ratio (DPR) is presently 15.00%.
In related news, VP Beverly B. Wittekind sold 5,000 shares of the company’s stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $38.61, for a total value of $193,050.00. Following the completion of the sale, the vice president now owns 55,984 shares in the company, valued at $2,161,542.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Suzanne D. Snapper sold 47,039 shares of the company’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $38.25, for a total value of $1,799,241.75. Following the completion of the sale, the chief financial officer now owns 159,561 shares of the company’s stock, valued at approximately $6,103,208.25. The disclosure for this sale can be found here. Insiders have sold 145,972 shares of company stock worth $6,101,157 in the last ninety days. 6.00% of the stock is currently owned by insiders.
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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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