The Ensign Group, Inc. (NASDAQ:ENSG) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 1,050,000 shares, an increase of 7.3% from the September 30th total of 978,500 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 285,100 shares, the days-to-cover ratio is currently 3.7 days.
ENSG stock traded up $0.71 during mid-day trading on Friday, hitting $41.40. The company had a trading volume of 196,900 shares, compared to its average volume of 229,458. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 23.13, a P/E/G ratio of 1.32 and a beta of 0.87. The Ensign Group has a 12-month low of $36.21 and a 12-month high of $63.00. The company has a 50-day moving average price of $41.74 and a 200 day moving average price of $50.86. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.77.
The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Wednesday, October 30th. The company reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. The business had revenue of $600.51 million for the quarter, compared to the consensus estimate of $601.12 million. The Ensign Group had a net margin of 4.84% and a return on equity of 17.27%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS. As a group, analysts expect that The Ensign Group will post 2.04 EPS for the current year.
Hedge funds have recently modified their holdings of the business. DekaBank Deutsche Girozentrale bought a new position in The Ensign Group in the 2nd quarter worth about $64,000. SG Americas Securities LLC grew its stake in The Ensign Group by 21.6% in the 2nd quarter. SG Americas Securities LLC now owns 7,263 shares of the company’s stock worth $413,000 after acquiring an additional 1,290 shares in the last quarter. California Public Employees Retirement System grew its stake in The Ensign Group by 65.8% in the 3rd quarter. California Public Employees Retirement System now owns 151,028 shares of the company’s stock worth $7,163,000 after acquiring an additional 59,920 shares in the last quarter. State of Alaska Department of Revenue grew its stake in The Ensign Group by 1.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 16,960 shares of the company’s stock worth $965,000 after acquiring an additional 263 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in The Ensign Group by 11.7% in the 2nd quarter. Prudential Financial Inc. now owns 299,894 shares of the company’s stock worth $17,070,000 after acquiring an additional 31,415 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.
ENSG has been the topic of a number of analyst reports. Oppenheimer set a $64.00 target price on shares of The Ensign Group and gave the company a “buy” rating in a research note on Thursday, September 26th. ValuEngine upgraded shares of The Ensign Group from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. BidaskClub cut shares of The Ensign Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 9th. Stephens set a $47.00 price target on shares of The Ensign Group and gave the stock a “hold” rating in a research note on Friday, November 1st. Finally, Zacks Investment Research upgraded shares of The Ensign Group from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $52.80.
The Ensign Group Company 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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