The Ensign Group (ENSG) Hits New 1-Year High at $57.90
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 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.
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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