Shares of The Ensign Group, Inc. (NASDAQ:ENSG) reached a new 52-week high on Tuesday . The stock traded as high as $57.90 and last traded at $57.90, with a volume of 1181 shares changing hands. The stock had previously closed at $56.10.

Several analysts recently weighed in on ENSG shares. BidaskClub upgraded shares of The Ensign Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 20th. ValuEngine cut shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 3rd. Oppenheimer raised their price target on shares of The Ensign Group from $52.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Finally, Zacks Investment Research cut shares of The Ensign Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $43.43.

The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market cap of $3.02 billion, a P/E ratio of 32.30, a P/E/G ratio of 1.78 and a beta of 0.95.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.01. The Ensign Group had a net margin of 4.59% and a return on equity of 17.23%. The company had revenue of $549.21 million during the quarter, compared to analysts’ expectations of $545.09 million. During the same quarter last year, the company posted $0.45 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. On average, analysts anticipate that The Ensign Group, Inc. will post 2.1 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Sunday, March 31st were given a $0.0475 dividend. This represents a $0.19 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Thursday, March 28th. This is a boost from The Ensign Group’s previous quarterly dividend of $0.05. The Ensign Group’s dividend payout ratio (DPR) is currently 10.61%.

Several institutional investors have recently added to or reduced their stakes in ENSG. Norges Bank purchased a new stake in shares of The Ensign Group during the 4th quarter worth $26,625,000. WINTON GROUP Ltd lifted its position in shares of The Ensign Group by 2,216.1% during the 4th quarter. WINTON GROUP Ltd now owns 493,180 shares of the company’s stock worth $19,130,000 after purchasing an additional 471,886 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of The Ensign Group by 122.9% during the 1st quarter. JPMorgan Chase & Co. now owns 386,823 shares of the company’s stock worth $19,801,000 after purchasing an additional 213,256 shares during the last quarter. American Century Companies Inc. lifted its position in shares of The Ensign Group by 64.8% during the 4th quarter. American Century Companies Inc. now owns 430,707 shares of the company’s stock worth $16,707,000 after purchasing an additional 169,338 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new stake in shares of The Ensign Group during the 4th quarter worth $5,380,000. 82.38% of the stock is owned by institutional investors and hedge funds.

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About The Ensign Group (NASDAQ:ENSG)

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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