The Ensign Group (ENSG) Reaches New 12-Month High at $25.09
The Ensign Group, Inc. (NASDAQ:ENSG) reached a new 52-week high during trading on Friday . The company traded as high as $25.09 and last traded at $25.10, with a volume of 328627 shares trading hands. The stock had previously closed at $23.57.
A number of equities research analysts have commented on ENSG shares. Stifel Nicolaus set a $22.00 price target on The Ensign Group and gave the company a “hold” rating in a research report on Friday. BidaskClub lowered The Ensign Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Royal Bank of Canada reiterated a “buy” rating and issued a $21.00 price target on shares of The Ensign Group in a research report on Tuesday, November 7th. Cantor Fitzgerald upped their price target on The Ensign Group from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, November 9th. Finally, ValuEngine lowered The Ensign Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Three analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.50.
The firm has a market capitalization of $1,209.16, a P/E ratio of 27.68 and a beta of 0.81. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Sunday, December 31st were paid a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.71%. This is an increase from The Ensign Group’s previous quarterly dividend of $0.04. The ex-dividend date was Thursday, December 28th. The Ensign Group’s payout ratio is currently 20.00%.
In other news, Director Antoinette T. Hubenette sold 18,330 shares of the business’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $23.70, for a total value of $434,421.00. Following the transaction, the director now directly owns 44,456 shares of the company’s stock, valued at approximately $1,053,607.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Beverly B. Wittekind sold 5,000 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $22.55, for a total value of $112,750.00. Following the completion of the transaction, the vice president now directly owns 46,656 shares in the company, valued at $1,052,092.80. The disclosure for this sale can be found here. Insiders sold a total of 69,318 shares of company stock worth $1,648,075 over the last three months. 6.20% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of ENSG. Ameriprise Financial Inc. raised its stake in The Ensign Group by 68.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 463,244 shares of the company’s stock worth $10,085,000 after buying an additional 187,941 shares during the period. Russell Investments Group Ltd. raised its stake in The Ensign Group by 59.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 502,129 shares of the company’s stock worth $11,342,000 after buying an additional 186,533 shares during the period. Wasatch Advisors Inc. raised its stake in The Ensign Group by 2.6% during the 2nd quarter. Wasatch Advisors Inc. now owns 6,589,769 shares of the company’s stock worth $143,459,000 after buying an additional 170,072 shares during the period. LSV Asset Management raised its stake in The Ensign Group by 20.7% during the 4th quarter. LSV Asset Management now owns 952,070 shares of the company’s stock worth $21,135,000 after buying an additional 163,007 shares during the period. Finally, BlackRock Inc. raised its stake in The Ensign Group by 2.4% during the 4th quarter. BlackRock Inc. now owns 6,156,602 shares of the company’s stock worth $136,676,000 after buying an additional 145,405 shares during the period. 83.86% of the stock is currently owned by institutional investors and hedge funds.
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About The Ensign Group
The Ensign Group, Inc, through its operating subsidiaries, provides healthcare services across the post-acute care continuum, as well as other ancillary businesses located in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Texas, Utah, Washington and Wisconsin.
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