The Ensign Group, Inc. (ENSG) Receives Consensus Recommendation of “Hold” from Analysts
The Ensign Group, Inc. (NASDAQ:ENSG) has earned an average rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Three investment 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 brokerages that have issued a report on the stock in the last year is $22.00.
ENSG has been the topic of a number of research analyst reports. TheStreet raised The Ensign Group from a “c+” rating to a “b” rating in a report on Monday, August 7th. BidaskClub downgraded The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research raised The Ensign Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, Wells Fargo & Company downgraded The Ensign Group from a “market perform” rating to an “underperform” rating in a report on Friday, April 28th.
The Ensign Group (ENSG) traded up 0.05% during midday trading on Tuesday, hitting $20.20. The stock had a trading volume of 119,845 shares. The Ensign Group has a 52 week low of $16.50 and a 52 week high of $23.35. The firm has a 50 day moving average of $21.51 and a 200 day moving average of $19.67. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 23.52 and a beta of 0.84.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were issued a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Wednesday, June 28th. The Ensign Group’s payout ratio is currently 20.24%.
In other news, VP Barry Port sold 10,000 shares of the company’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $23.00, for a total transaction of $230,000.00. Following the transaction, the vice president now directly owns 135,642 shares of the company’s stock, valued at $3,119,766. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 11,761 shares of company stock worth $267,981. Corporate insiders own 6.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in The Ensign Group by 132,060.3% in the first quarter. BlackRock Inc. now owns 5,931,353 shares of the company’s stock worth $111,509,000 after buying an additional 5,926,865 shares in the last quarter. Denver Investment Advisors LLC purchased a new position in The Ensign Group during the second quarter worth $24,027,000. Wellington Management Group LLP increased its position in The Ensign Group by 102.3% in the first quarter. Wellington Management Group LLP now owns 2,103,251 shares of the company’s stock worth $39,542,000 after buying an additional 1,063,828 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in The Ensign Group during the first quarter worth $5,160,000. Finally, Vanguard Group Inc. increased its position in The Ensign Group by 5.9% in the first quarter. Vanguard Group Inc. now owns 4,373,518 shares of the company’s stock worth $82,222,000 after buying an additional 245,244 shares in the last quarter. 86.69% of the stock is currently owned by institutional investors.
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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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