Handelsbanken Fonder AB purchased a new position in The Ensign Group, Inc. (NASDAQ:ENSG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,967 shares of the company’s stock, valued at approximately $459,000.

Other large investors also recently modified their holdings of the company. Invesco Ltd. increased its holdings in shares of The Ensign Group by 19.5% in the 1st quarter. Invesco Ltd. now owns 425,586 shares of the company’s stock worth $16,006,000 after buying an additional 69,380 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of The Ensign Group by 40.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 28,106 shares of the company’s stock valued at $1,176,000 after purchasing an additional 8,136 shares during the last quarter. APG Asset Management N.V. bought a new position in shares of The Ensign Group during the 1st quarter valued at $2,033,000. Russell Investments Group Ltd. grew its holdings in shares of The Ensign Group by 28.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 221,556 shares of the company’s stock valued at $9,265,000 after purchasing an additional 48,519 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of The Ensign Group by 621.5% during the 1st quarter. Royal Bank of Canada now owns 52,536 shares of the company’s stock valued at $1,976,000 after purchasing an additional 45,255 shares during the last quarter. 80.68% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Daren Shaw sold 2,375 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $45.29, for a total value of $107,563.75. Following the completion of the sale, the director now directly owns 46,125 shares of the company’s stock, valued at approximately $2,089,001.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Spencer Burton sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $55.61, for a total transaction of $166,830.00. Following the completion of the sale, the chief operating officer now directly owns 26,720 shares of the company’s stock, valued at $1,485,899.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,788 shares of company stock valued at $578,812. Corporate insiders own 6.80% of the company’s stock.

Shares of ENSG opened at $55.93 on Monday. The stock has a market capitalization of $3.01 billion, a P/E ratio of 23.02, a PEG ratio of 1.28 and a beta of 0.94. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $56.29 and a two-hundred day simple moving average of $43.99. The Ensign Group, Inc. has a twelve month low of $24.06 and a twelve month high of $60.35.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.21. The business had revenue of $584.70 million during the quarter, compared to analysts’ expectations of $573.24 million. The Ensign Group had a net margin of 5.81% and a return on equity of 20.42%. Sell-side analysts expect that The Ensign Group, Inc. will post 2.89 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Wednesday, September 30th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.20 annualized dividend and a dividend yield of 0.36%. The Ensign Group’s dividend payout ratio is 9.57%.

Several equities analysts recently commented on the stock. SunTrust Banks increased their target price on shares of The Ensign Group from $46.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, June 11th. BidaskClub raised shares of The Ensign Group from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Oppenheimer reaffirmed a “buy” rating and set a $60.00 target price on shares of The Ensign Group in a report on Wednesday, August 5th. Finally, Zacks Investment Research raised shares of The Ensign Group from a “hold” rating to a “strong-buy” rating and set a $65.00 price target for the company in a research report on Wednesday, August 12th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $53.43.

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

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