The Ensign Group, Inc. (ENSG) Receives $22.00 Consensus Target Price from Analysts
Shares of The Ensign Group, Inc. (NASDAQ:ENSG) have earned an average recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $22.00.
ENSG has been the topic of a number of research reports. TheStreet raised shares of The Ensign Group from a “c+” rating to a “b” rating in a research note on Monday, August 7th. BidaskClub cut shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, 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.
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In related news, Director Antoinette T. Hubenette sold 2,500 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $20.95, for a total value of $52,375.00. Following the sale, the director now directly 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 through this hyperlink. Also, VP Barry Port sold 10,000 shares of the stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $23.00, for a total transaction of $230,000.00. Following the completion of the sale, the vice president now directly owns 135,642 shares in the company, valued at $3,119,766. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,576 shares of company stock worth $327,373. 6.20% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can lifted its holdings in The Ensign Group by 4.2% in the 2nd quarter. Great West Life Assurance Co. Can now owns 69,276 shares of the company’s stock valued at $1,508,000 after purchasing an additional 2,800 shares in the last quarter. Kestrel Investment Management Corp lifted its holdings in The Ensign Group by 89.2% in the 2nd quarter. Kestrel Investment Management Corp now owns 352,700 shares of the company’s stock valued at $7,678,000 after purchasing an additional 166,316 shares in the last quarter. Prudential Financial Inc. lifted its holdings in The Ensign Group by 5.5% in the 1st quarter. Prudential Financial Inc. now owns 87,592 shares of the company’s stock valued at $1,647,000 after purchasing an additional 4,600 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in The Ensign Group by 7.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,105,058 shares of the company’s stock valued at $39,575,000 after purchasing an additional 148,627 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY lifted its holdings in The Ensign Group by 157.8% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 58,000 shares of the company’s stock valued at $1,262,000 after purchasing an additional 35,500 shares in the last quarter. Institutional investors own 84.20% of the company’s stock.
The Ensign Group (NASDAQ ENSG) traded down 1.69% during trading on Wednesday, hitting $22.65. 138,408 shares of the stock traded hands. The company’s 50 day moving average price is $20.98 and its 200-day moving average price is $20.21. The Ensign Group has a 52-week low of $16.51 and a 52-week high of $23.69. The stock has a market cap of $1.15 billion, a P/E ratio of 26.37 and a beta of 0.87.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Saturday, September 30th will be paid a $0.043 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.17 dividend on an annualized basis and a yield of 0.76%. The Ensign Group’s payout ratio is 20.24%.
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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