Affinity Investment Advisors LLC reduced its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,837 shares of the company’s stock after selling 919 shares during the quarter. Affinity Investment Advisors LLC’s holdings in The Ensign Group were worth $614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in The Ensign Group by 5.9% in the third quarter. BlackRock Inc. now owns 7,612,458 shares of the company’s stock worth $288,664,000 after buying an additional 424,505 shares during the last quarter. Vanguard Group Inc. increased its position in The Ensign Group by 5.0% in 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. Vanguard Group Inc increased its position in The Ensign Group by 5.0% in 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. Northern Trust Corp increased its position in The Ensign Group by 3.2% in the second quarter. Northern Trust Corp now owns 803,542 shares of the company’s stock worth $28,782,000 after buying an additional 24,572 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of The Ensign Group by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 700,915 shares of the company’s stock valued at $26,579,000 after purchasing an additional 8,925 shares in the last quarter. 86.36% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on the company. Zacks Investment Research cut The Ensign Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. BidaskClub upgraded The Ensign Group from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. Finally, Cantor Fitzgerald lifted their price target on The Ensign Group from $42.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, November 2nd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The Ensign Group presently has a consensus rating of “Buy” and an average price target of $40.71.
NASDAQ:ENSG opened at $48.40 on Tuesday. The firm has a market cap of $2.48 billion, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 1.52 and a beta of 0.88. The Ensign Group, Inc. has a 52-week low of $24.71 and a 52-week high of $49.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.29 and a quick ratio of 1.29.
The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Wednesday, February 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The company had revenue of $544.85 million during the quarter, compared to analyst estimates of $523.15 million. The Ensign Group had a return on equity of 17.19% and a net margin of 4.51%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. Equities research analysts anticipate that The Ensign Group, Inc. will post 2.06 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 31st. Investors of record on Monday, December 31st were paid a dividend of $0.047 per share. This represents a $0.19 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Friday, December 28th. The Ensign Group’s dividend payout ratio is 10.61%.
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The Ensign Group Profile
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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