The Ensign Group, Inc. (NASDAQ:ENSG) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp increased its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 31.1% during the third quarter, HoldingsChannel reports. The fund owned 207,995 shares of the company’s stock after buying an additional 49,334 shares during the period. Stifel Financial Corp’s holdings in The Ensign Group were worth $9,913,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new position in The Ensign Group during the second quarter worth $64,000. SG Americas Securities LLC grew its holdings in The Ensign Group by 21.6% during the second 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 during the period. California Public Employees Retirement System grew its holdings in The Ensign Group by 65.8% during the third 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 during the period. Russell Investments Group Ltd. grew its holdings in The Ensign Group by 33.6% during the second quarter. Russell Investments Group Ltd. now owns 395,496 shares of the company’s stock worth $22,508,000 after acquiring an additional 99,422 shares during the period. Finally, Prudential Financial Inc. grew its holdings in The Ensign Group by 11.7% during the second 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 during the period. 81.85% of the stock is currently owned by hedge funds and other institutional investors.

The Ensign Group stock opened at $42.29 on Tuesday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 1.43 and a beta of 0.87. The Ensign Group, Inc. has a fifty-two week low of $36.21 and a fifty-two week high of $63.00. The stock’s fifty day moving average is $41.99 and its two-hundred day moving average is $50.04.

The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Wednesday, October 30th. The company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The company had revenue of $600.51 million for the quarter, compared to analyst estimates of $601.12 million. The Ensign Group had a return on equity of 17.27% and a net margin of 4.84%. The Ensign Group’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 earnings per share. As a group, sell-side analysts forecast that The Ensign Group, Inc. will post 2.03 EPS for the current fiscal year.

A number of research analysts recently weighed in on the company. BidaskClub raised The Ensign Group from a “sell” rating to a “hold” rating in a report on Monday, November 25th. Royal Bank of Canada set a $50.00 price objective on The Ensign Group and gave the stock a “buy” rating in a report on Friday, November 1st. ValuEngine lowered The Ensign Group from a “buy” rating to a “hold” rating in a report on Tuesday. Stephens set a $47.00 price objective on The Ensign Group and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, Zacks Investment Research raised The Ensign Group from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Tuesday, September 24th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $52.80.

About The Ensign Group

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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Institutional Ownership by Quarter for The Ensign Group (NASDAQ:ENSG)

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