The Ensign Group, Inc. (NASDAQ:ENSG) has been assigned an average rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $22.00.

Several analysts recently issued reports on ENSG shares. Zacks Investment Research downgraded shares of The Ensign Group from a “hold” rating to a “sell” rating in a research report on Thursday, April 20th. Wells Fargo & Company downgraded shares of The Ensign Group from a “market perform” rating to an “underperform” rating in a research report on Friday, April 28th. BidaskClub raised shares of The Ensign Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, TheStreet raised shares of The Ensign Group from a “c+” rating to a “b” rating in a research report on Monday, August 7th.

In related news, VP Barry Port sold 10,000 shares of The Ensign Group stock in a transaction on Monday, July 24th. The shares were sold at an average price of $23.00, for a total value of $230,000.00. Following the completion of the sale, the vice president now owns 135,642 shares of the company’s stock, valued at approximately $3,119,766. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last three months, insiders sold 11,761 shares of company stock valued at $267,981. 6.20% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. LSV Asset Management boosted its position in shares of The Ensign Group by 16.9% in the first quarter. LSV Asset Management now owns 243,900 shares of the company’s stock valued at $4,585,000 after buying an additional 35,200 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of The Ensign Group by 6.3% in the first quarter. Great West Life Assurance Co. Can now owns 66,476 shares of the company’s stock valued at $1,248,000 after buying an additional 3,956 shares during the period. Wells Fargo & Company MN boosted its position in shares of The Ensign Group by 8.9% in the first quarter. Wells Fargo & Company MN now owns 194,729 shares of the company’s stock valued at $3,660,000 after buying an additional 15,899 shares during the period. Greenwich Wealth Management LLC boosted its position in shares of The Ensign Group by 37.9% in the first quarter. Greenwich Wealth Management LLC now owns 35,808 shares of the company’s stock valued at $673,000 after buying an additional 9,834 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of The Ensign Group by 52.2% in the first quarter. Nisa Investment Advisors LLC now owns 7,000 shares of the company’s stock valued at $132,000 after buying an additional 2,400 shares during the period. Institutional investors and hedge funds own 86.69% of the company’s stock.

Shares of The Ensign Group (NASDAQ:ENSG) traded up 0.05% during mid-day trading on Tuesday, hitting $20.20. 119,845 shares of the stock were exchanged. The stock has a market capitalization of $1.03 billion, a P/E ratio of 23.52 and a beta of 0.84. The Ensign Group has a 12-month low of $16.50 and a 12-month high of $23.35. The stock’s 50 day moving average price is $21.51 and its 200-day moving average price is $19.67.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were given a $0.0425 dividend. This represents a $0.17 annualized dividend and a yield of 0.84%. The ex-dividend date was Wednesday, June 28th. The Ensign Group’s payout ratio is currently 20.24%.

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The Ensign Group Company Profile

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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