Rhumbline Advisers increased its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 1.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 144,039 shares of the company’s stock after buying an additional 1,949 shares during the period. Rhumbline Advisers owned about 0.27% of The Ensign Group worth $7,373,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of The Ensign Group in the 4th quarter valued at about $26,625,000. WINTON GROUP Ltd lifted its stake in shares of The Ensign Group by 2,216.1% in the 4th quarter. WINTON GROUP Ltd now owns 493,180 shares of the company’s stock valued at $19,130,000 after purchasing an additional 471,886 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of The Ensign Group by 64.8% in the 4th 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 in the last quarter. Two Sigma Investments LP acquired a new position in shares of The Ensign Group in the 4th quarter valued at about $5,380,000. Finally, Millennium Management LLC lifted its position in The Ensign Group by 761.5% during the 4th quarter. Millennium Management LLC now owns 131,876 shares of the company’s stock worth $5,115,000 after acquiring an additional 116,569 shares in the last quarter. Hedge funds and other institutional investors own 81.09% of the company’s stock.
In related news, VP Beverly B. Wittekind sold 868 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $53.17, for a total transaction of $46,151.56. Following the completion of the sale, the vice president now owns 54,462 shares in the company, valued at approximately $2,895,744.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Suzanne D. Snapper sold 2,982 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now owns 223,216 shares of the company’s stock, valued at approximately $11,868,394.72. The disclosure for this sale can be found here. Insiders have sold 4,547 shares of company stock worth $242,252 over the last three months. 6.70% of the stock is owned by insiders.
The Ensign Group (NASDAQ:ENSG) last announced its earnings results on Monday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The company 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 revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 earnings per share. Analysts anticipate that The Ensign Group, Inc. will post 2.11 earnings per share for the current fiscal year.
Several equities analysts recently commented on ENSG shares. BidaskClub raised The Ensign Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 20th. ValuEngine downgraded The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 3rd. Zacks Investment Research downgraded The Ensign Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 9th. Finally, Oppenheimer upped their price objective on The Ensign Group from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $44.17.
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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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