The Ensign Group, Inc. (NASDAQ:ENSG) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 922,500 shares, an increase of 7.5% from the May 15th total of 858,400 shares. Based on an average daily volume of 291,300 shares, the short-interest ratio is presently 3.2 days. Currently, 1.9% of the company’s shares are short sold.
Shares of NASDAQ:ENSG traded down $0.34 during trading on Friday, reaching $57.51. The company had a trading volume of 294,804 shares, compared to its average volume of 255,404. The firm’s fifty day moving average price is $55.94. The Ensign Group has a fifty-two week low of $34.69 and a fifty-two week high of $58.88. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 32.13, a price-to-earnings-growth ratio of 1.82 and a beta of 0.84. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.15 and a quick ratio of 1.15.
The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.01. The firm had revenue of $549.21 million for the quarter, compared to analyst estimates of $545.09 million. The Ensign Group had a return on equity of 17.23% and a net margin of 4.59%. The Ensign Group’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. On average, equities research analysts expect that The Ensign Group will post 2.11 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Sunday, June 30th will be issued a $0.0475 dividend. This represents a $0.19 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Thursday, June 27th. The Ensign Group’s dividend payout ratio (DPR) is 10.61%.
Several equities research analysts have weighed in on ENSG shares. Zacks Investment Research downgraded shares of Glu Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. BidaskClub downgraded shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research note on Monday, June 24th. Oppenheimer decreased their target price on shares of 2U from $83.00 to $67.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Finally, ValuEngine raised shares of Yelp from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The Ensign Group presently has an average rating of “Buy” and an average target price of $44.17.
In related news, CFO Suzanne D. Snapper sold 2,982 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $53.17, for a total value of $158,552.94. Following the transaction, the chief financial officer now owns 223,216 shares in the company, valued at $11,868,394.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Beverly B. Wittekind sold 868 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $53.17, for a total transaction of $46,151.56. Following the completion of the transaction, the vice president now owns 54,462 shares in the company, valued at approximately $2,895,744.54. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,547 shares of company stock worth $242,252. 6.70% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the business. QS Investors LLC grew its holdings in The Ensign Group by 0.3% in the fourth quarter. QS Investors LLC now owns 72,971 shares of the company’s stock valued at $2,831,000 after purchasing an additional 200 shares during the last quarter. American Century Companies Inc. grew its holdings in The Ensign Group by 64.8% in the fourth quarter. American Century Companies Inc. now owns 430,707 shares of the company’s stock valued at $16,707,000 after purchasing an additional 169,338 shares during the last quarter. Martingale Asset Management L P grew its holdings in The Ensign Group by 12.0% in the first quarter. Martingale Asset Management L P now owns 154,824 shares of the company’s stock valued at $7,927,000 after purchasing an additional 16,602 shares during the last quarter. Tibra Equities Europe Ltd purchased a new stake in shares of The Ensign Group in the first quarter valued at $1,039,000. Finally, Two Sigma Investments LP purchased a new stake in shares of The Ensign Group in the fourth quarter valued at $5,380,000. 81.09% of the stock is currently owned by institutional investors.
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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