The Ensign Group (NASDAQ:ENSG) Receives New Coverage from Analysts at Macquarie

Equities researchers at Macquarie started coverage on shares of The Ensign Group (NASDAQ:ENSG) in a note issued to investors on Friday, Briefing.com reports. The firm set an “outperform” rating and a $134.00 price target on the stock. Macquarie’s target price suggests a potential upside of 10.89% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Oppenheimer lifted their price target on The Ensign Group from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Stephens restated an “overweight” rating and issued a $135.00 price target on shares of The Ensign Group in a report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $126.17.

The Ensign Group Trading Up 0.1 %

Shares of ENSG stock opened at $120.84 on Friday. The Ensign Group has a fifty-two week low of $88.79 and a fifty-two week high of $127.57. The stock has a market cap of $6.88 billion, a P/E ratio of 31.80, a P/E/G ratio of 1.62 and a beta of 0.99. The business has a fifty day simple moving average of $119.13 and a 200-day simple moving average of $118.74. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.09.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $1.19 EPS for the quarter, meeting the consensus estimate of $1.19. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. The Ensign Group had a return on equity of 17.60% and a net margin of 5.67%. On average, analysts forecast that The Ensign Group will post 4.95 earnings per share for the current fiscal year.

Insider Activity

In other The Ensign Group news, Director Ann Scott Blouin sold 350 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $116.47, for a total value of $40,764.50. Following the transaction, the director now directly owns 20,002 shares of the company’s stock, valued at approximately $2,329,632.94. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $118.26, for a total transaction of $236,520.00. Following the completion of the transaction, the director now owns 30,250 shares in the company, valued at approximately $3,577,365. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Scott Blouin sold 350 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $116.47, for a total value of $40,764.50. Following the transaction, the director now owns 20,002 shares of the company’s stock, valued at approximately $2,329,632.94. The disclosure for this sale can be found here. Insiders have sold 6,813 shares of company stock valued at $808,203 in the last three months. Corporate insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On The Ensign Group

A number of hedge funds and other institutional investors have recently modified their holdings of ENSG. Norges Bank purchased a new stake in The Ensign Group in the 4th quarter worth about $65,050,000. Vanguard Group Inc. raised its stake in shares of The Ensign Group by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 6,621,886 shares of the company’s stock valued at $743,042,000 after acquiring an additional 310,182 shares in the last quarter. Capital Research Global Investors grew its holdings in The Ensign Group by 9.2% in the 4th quarter. Capital Research Global Investors now owns 2,620,360 shares of the company’s stock valued at $294,031,000 after buying an additional 221,838 shares during the last quarter. Axiom Investors LLC DE grew its holdings in The Ensign Group by 142.8% in the 4th quarter. Axiom Investors LLC DE now owns 187,345 shares of the company’s stock valued at $21,022,000 after buying an additional 110,177 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of The Ensign Group by 36.3% during the 4th quarter. Wellington Management Group LLP now owns 403,033 shares of the company’s stock worth $45,224,000 after purchasing an additional 107,317 shares in the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.

The Ensign Group Company Profile

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.