The Ensign Group (NASDAQ:ENSG) Rating Reiterated by Stephens

The Ensign Group (NASDAQ:ENSG)‘s stock had its “overweight” rating restated by analysts at Stephens in a research note issued on Tuesday, Benzinga reports. They presently have a $135.00 target price on the stock. Stephens’ target price would suggest a potential upside of 13.79% from the company’s current price.

A number of other research firms have also recently commented on ENSG. Royal Bank of Canada upped their price target on shares of The Ensign Group from $112.00 to $133.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Oppenheimer increased their target price on shares of The Ensign Group from $127.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, The Ensign Group currently has an average rating of “Moderate Buy” and an average price target of $123.60.

The Ensign Group Trading Up 0.0 %

ENSG stock opened at $118.64 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.10. The Ensign Group has a twelve month low of $87.14 and a twelve month high of $127.57. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 1.57 and a beta of 0.94. The firm’s fifty day simple moving average is $122.02 and its two-hundred day simple moving average is $113.29.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Thursday, February 1st. The company reported $1.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.17. The Ensign Group had a net margin of 5.61% and a return on equity of 17.84%. The business had revenue of $980.38 million for the quarter, compared to analysts’ expectations of $975.13 million. As a group, analysts anticipate that The Ensign Group will post 4.97 earnings per share for the current year.

Insiders Place Their Bets

In other The Ensign Group news, Chairman Christopher R. Christensen sold 10,800 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $117.56, for a total transaction of $1,269,648.00. Following the completion of the sale, the chairman now directly owns 147,400 shares of the company’s stock, valued at $17,328,344. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other The Ensign Group news, Chairman Christopher R. Christensen sold 10,800 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $117.56, for a total transaction of $1,269,648.00. Following the completion of the sale, the chairman now directly owns 147,400 shares of the company’s stock, valued at $17,328,344. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Christopher R. Christensen sold 57,982 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $118.05, for a total transaction of $6,844,775.10. Following the sale, the chairman now directly owns 155,703 shares of the company’s stock, valued at $18,380,739.15. The disclosure for this sale can be found here. Insiders have sold a total of 89,245 shares of company stock worth $10,579,862 in the last three months. Corporate insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On The Ensign Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Scarborough Advisors LLC purchased a new position in shares of The Ensign Group in the 4th quarter valued at approximately $35,000. Carmel Capital Partners LLC purchased a new position in shares of The Ensign Group in the 3rd quarter valued at approximately $30,000. Global Retirement Partners LLC raised its position in shares of The Ensign Group by 43.3% in the 4th quarter. Global Retirement Partners LLC now owns 470 shares of the company’s stock valued at $55,000 after purchasing an additional 142 shares during the last quarter. Assetmark Inc. raised its position in shares of The Ensign Group by 1,126.8% in the 4th quarter. Assetmark Inc. now owns 503 shares of the company’s stock valued at $56,000 after purchasing an additional 462 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its position in shares of The Ensign Group by 333.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 576 shares of the company’s stock valued at $65,000 after purchasing an additional 443 shares during the last quarter. 96.12% of the stock is owned by hedge funds and other institutional investors.

About The Ensign Group

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.