The Ensign Group, Inc. (NASDAQ:ENSG) Short Interest Update

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.

Further Reading: What is channel trading?

Receive News & Ratings for The Ensign Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Ensign Group and related companies with MarketBeat.com's FREE daily email newsletter.