Bridge City Capital LLC boosted its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 27.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,854 shares of the company’s stock after acquiring an additional 24,278 shares during the period. The Ensign Group comprises about 2.3% of Bridge City Capital LLC’s portfolio, making the stock its 5th largest position. Bridge City Capital LLC’s holdings in The Ensign Group were worth $5,305,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of ENSG. Huntington National Bank bought a new position in The Ensign Group during the 2nd quarter worth about $27,000. Tower Research Capital LLC TRC bought a new position in The Ensign Group during the 2nd quarter worth about $46,000. Point72 Asset Management L.P. bought a new position in The Ensign Group during the 2nd quarter worth about $57,000. Krane Funds Advisors LLC purchased a new stake in shares of The Ensign Group during the second quarter valued at about $58,000. Finally, Advisory Services Network LLC lifted its position in shares of The Ensign Group by 59.8% during the first quarter. Advisory Services Network LLC now owns 1,162 shares of the company’s stock valued at $60,000 after buying an additional 435 shares during the last quarter. Institutional investors own 82.07% of the company’s stock.
ENSG has been the subject of several analyst reports. BidaskClub lowered shares of The Ensign Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 8th. Zacks Investment Research raised shares of The Ensign Group from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Tuesday, September 24th. Stifel Nicolaus increased their price target on shares of The Ensign Group from $52.00 to $56.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Oppenheimer set a $64.00 price target on shares of The Ensign Group and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, ValuEngine raised shares of The Ensign Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $53.40.
ENSG stock opened at $41.11 on Wednesday. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 1.34 and a beta of 0.90. The firm has a 50-day simple moving average of $45.12 and a two-hundred day simple moving average of $51.86. The Ensign Group, Inc. has a one year low of $35.93 and a one year high of $63.00. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.15 and a current ratio of 1.15.
The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The business had revenue of $575.65 million during the quarter, compared to analyst estimates of $574.24 million. The Ensign Group had a net margin of 4.74% and a return on equity of 17.32%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 earnings per share. As a group, equities analysts predict that The Ensign Group, Inc. will post 2.11 earnings per share for the current fiscal year.
The business also recently disclosed a — dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be given a $0.0475 dividend. This represents a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 27th. The Ensign Group’s payout ratio is currently 38.55%.
In related news, insider Spencer Burton sold 1,000 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $60.00, for a total value of $60,000.00. Following the completion of the transaction, the insider now directly owns 19,351 shares of the company’s stock, valued at approximately $1,161,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 2,612 shares of company stock valued at $149,118 over the last ninety days. 6.70% of the stock is currently owned by insiders.
The Ensign Group 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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