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.

Analyst Recommendations for The Ensign Group (NASDAQ:ENSG)

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