The Ensign Group, Inc. (ENSG) Given Average Recommendation of “Hold” by Brokerages
Shares of The Ensign Group, Inc. (NASDAQ:ENSG) have earned an average rating of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $22.00.
A number of research firms recently issued reports on ENSG. Zacks Investment Research cut shares of The Ensign Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. TheStreet raised shares of The Ensign Group from a “c+” rating to a “b” rating in a research note on Monday, August 7th. Finally, BidaskClub cut shares of The Ensign Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 6th.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Saturday, September 30th were paid a dividend of $0.043 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.17 annualized dividend and a yield of 0.75%. The Ensign Group’s dividend payout ratio (DPR) is presently 20.24%.
In other The Ensign Group news, Director Antoinette T. Hubenette sold 2,500 shares of The Ensign Group stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $20.95, for a total transaction of $52,375.00. Following the sale, the director now owns 24,626 shares of the company’s stock, valued at approximately $515,914.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 3,566 shares of company stock worth $75,957. 6.20% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Great West Life Assurance Co. Can raised its holdings in shares of The Ensign Group by 4.2% during the 2nd quarter. Great West Life Assurance Co. Can now owns 69,276 shares of the company’s stock worth $1,508,000 after acquiring an additional 2,800 shares during the period. Kestrel Investment Management Corp raised its holdings in shares of The Ensign Group by 89.2% during the 2nd quarter. Kestrel Investment Management Corp now owns 352,700 shares of the company’s stock worth $7,678,000 after acquiring an additional 166,316 shares during the period. Prudential Financial Inc. raised its holdings in shares of The Ensign Group by 5.5% during the 1st quarter. Prudential Financial Inc. now owns 87,592 shares of the company’s stock worth $1,647,000 after acquiring an additional 4,600 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of The Ensign Group by 7.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,105,058 shares of the company’s stock worth $39,575,000 after acquiring an additional 148,627 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of The Ensign Group by 0.3% during the 2nd quarter. BlackRock Inc. now owns 5,951,320 shares of the company’s stock worth $129,561,000 after acquiring an additional 19,967 shares during the period. Institutional investors and hedge funds own 84.10% of the company’s stock.
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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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