First Trust Advisors LP raised its stake in shares of The Ensign Group Inc. (NASDAQ:ENSG) by 56.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,140 shares of the company’s stock after buying an additional 21,261 shares during the period. First Trust Advisors LP owned about 0.12% of The Ensign Group worth $1,243,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Royce & Associates LP raised its position in shares of The Ensign Group by 286.8% in the first quarter. Royce & Associates LP now owns 697,324 shares of the company’s stock valued at $15,787,000 after buying an additional 517,064 shares in the last quarter. Rice Hall James & Associates LLC acquired a new position in shares of The Ensign Group during the second quarter valued at about $10,187,000. Bank of Montreal Can acquired a new position in shares of The Ensign Group during the second quarter valued at about $7,475,000. Emerald Acquisition Ltd. acquired a new position in shares of The Ensign Group during the second quarter valued at about $6,968,000. Finally, Envestnet Asset Management Inc. raised its position in shares of The Ensign Group by 4,623.3% in the first quarter. Envestnet Asset Management Inc. now owns 209,996 shares of the company’s stock valued at $4,754,000 after buying an additional 205,550 shares in the last quarter. Institutional investors and hedge funds own 84.62% of the company’s stock.
The Ensign Group Inc. (NASDAQ:ENSG) traded down 0.10% during trading on Friday, reaching $20.13. The company’s stock had a trading volume of 338,475 shares. The stock has a market cap of $1.01 billion, a PE ratio of 22.32 and a beta of 0.65. The Ensign Group Inc. has a 12 month low of $17.60 and a 12 month high of $25.09. The company’s 50-day moving average is $19.80 and its 200-day moving average is $20.91.
The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Tuesday, August 2nd. The company reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. The firm earned $410.51 million during the quarter, compared to the consensus estimate of $400.19 million. The Ensign Group had a return on equity of 15.86% and a net margin of 3.13%. The business’s quarterly revenue was up 32.0% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. Equities analysts expect that The Ensign Group Inc. will post $1.38 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, September 30th will be given a dividend of $0.04 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.79%. The Ensign Group’s dividend payout ratio (DPR) is 17.49%.
ENSG has been the subject of a number of recent research reports. Zacks Investment Research downgraded The Ensign Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 4th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of The Ensign Group in a research report on Friday, September 9th. SunTrust Banks Inc. reduced their price target on The Ensign Group from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. Finally, TheStreet raised The Ensign Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The Ensign Group presently has a consensus rating of “Hold” and an average target price of $25.00.
About The Ensign Group
The Ensign Group, Inc is a holding company. The Company, through its subsidiaries, provides healthcare services across the post-acute care continuum, as well as urgent care centers and mobile ancillary businesses. Its segments include transitional, skilled and assisted living services (TSA services); home health and hospice services, and all other.
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