The Ensign Group (NASDAQ:ENSG) Shares Gap Up Following Analyst Upgrade

The Ensign Group, Inc. (NASDAQ:ENSGGet Rating) gapped up before the market opened on Thursday after Stifel Nicolaus raised their price target on the stock from $100.00 to $105.00. The stock had previously closed at $84.33, but opened at $87.53. Stifel Nicolaus currently has a buy rating on the stock. The Ensign Group shares last traded at $86.17, with a volume of 482 shares.

A number of other analysts have also recently issued reports on the stock. Truist Financial raised their target price on shares of The Ensign Group from $85.00 to $95.00 in a research note on Wednesday, August 3rd. Royal Bank of Canada cut their target price on shares of The Ensign Group from $101.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, August 3rd.

Insider Buying and Selling

In related news, CFO Suzanne D. Snapper sold 2,381 shares of the firm’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $89.92, for a total transaction of $214,099.52. Following the transaction, the chief financial officer now directly owns 210,754 shares of the company’s stock, valued at $18,950,999.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $86.92, for a total value of $173,840.00. Following the transaction, the director now directly owns 38,125 shares of the company’s stock, valued at approximately $3,313,825. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Suzanne D. Snapper sold 2,381 shares of the firm’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $89.92, for a total transaction of $214,099.52. Following the completion of the transaction, the chief financial officer now directly owns 210,754 shares in the company, valued at $18,950,999.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,264 shares of company stock valued at $888,936. 4.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On The Ensign Group

Hedge funds have recently bought and sold shares of the company. D. E. Shaw & Co. Inc. grew its holdings in shares of The Ensign Group by 238.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 140,530 shares of the company’s stock valued at $11,799,000 after purchasing an additional 98,983 shares during the last quarter. Inspire Investing LLC bought a new stake in shares of The Ensign Group during the 1st quarter valued at approximately $236,000. AlphaCrest Capital Management LLC grew its holdings in shares of The Ensign Group by 37.2% during the 1st quarter. AlphaCrest Capital Management LLC now owns 5,684 shares of the company’s stock valued at $512,000 after purchasing an additional 1,542 shares during the last quarter. IndexIQ Advisors LLC bought a new stake in shares of The Ensign Group during the 1st quarter valued at approximately $417,000. Finally, Boston Trust Walden Corp grew its holdings in shares of The Ensign Group by 4.1% during the 1st quarter. Boston Trust Walden Corp now owns 292,394 shares of the company’s stock valued at $26,319,000 after purchasing an additional 11,427 shares during the last quarter. 88.82% of the stock is owned by institutional investors.

The Ensign Group Stock Up 0.7 %

The company has a market capitalization of $4.70 billion, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 1.47 and a beta of 0.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.28 and a current ratio of 1.28. The firm’s fifty day moving average is $83.39 and its 200-day moving average is $82.00.

The Ensign Group (NASDAQ:ENSGGet Rating) last announced its quarterly earnings results on Monday, August 1st. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.01. The Ensign Group had a net margin of 7.27% and a return on equity of 19.51%. The company had revenue of $732.49 million for the quarter, compared to analyst estimates of $729.44 million. During the same period in the previous year, the firm posted $0.83 EPS. The firm’s revenue was up 14.7% on a year-over-year basis. As a group, equities research analysts predict that The Ensign Group, Inc. will post 3.84 EPS for the current year.

The Ensign Group Company Profile

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The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in two segments, Skilled Services and Real Estate. The company offers skilled services, which include short and long-term nursing care services for patients with chronic conditions, prolonged illness, and the elderly; and physical, occupational, and speech therapies and other rehabilitative and healthcare services.

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