The Ensign Group, Inc. (ENSG) Given Average Recommendation of “Hold” by Brokerages
The Ensign Group, Inc. (NASDAQ:ENSG) has been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $22.00.
A number of brokerages have recently weighed in on ENSG. BidaskClub cut The Ensign Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research cut The Ensign Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, TheStreet raised The Ensign Group from a “c+” rating to a “b” rating in a research note on Monday, August 7th.
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In other The Ensign Group news, Director Antoinette T. Hubenette sold 2,500 shares of The Ensign Group stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $20.95, for a total transaction of $52,375.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Barry Port sold 10,000 shares of The Ensign Group stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $23.00, for a total value of $230,000.00. Following the sale, the vice president now directly owns 135,642 shares of the company’s stock, valued at $3,119,766. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,576 shares of company stock valued at $327,373. 6.20% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pinebridge Investments L.P. lifted its holdings in The Ensign Group by 0.6% during the 2nd quarter. Pinebridge Investments L.P. now owns 6,280 shares of the company’s stock worth $137,000 after buying an additional 38 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in The Ensign Group by 0.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,262 shares of the company’s stock worth $354,000 after buying an additional 62 shares during the last quarter. Texas Permanent School Fund lifted its holdings in The Ensign Group by 0.5% during the 2nd quarter. Texas Permanent School Fund now owns 34,797 shares of the company’s stock worth $758,000 after buying an additional 157 shares during the last quarter. Arizona State Retirement System lifted its holdings in The Ensign Group by 1.6% during the 1st quarter. Arizona State Retirement System now owns 24,896 shares of the company’s stock worth $468,000 after buying an additional 400 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in The Ensign Group by 0.6% during the 2nd quarter. Alliancebernstein L.P. now owns 66,938 shares of the company’s stock worth $1,457,000 after buying an additional 400 shares during the last quarter. 84.20% of the stock is owned by institutional investors.
Shares of The Ensign Group (ENSG) traded down 1.62% during midday trading on Wednesday, hitting $23.02. The company’s stock had a trading volume of 122,569 shares. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 26.80 and a beta of 0.87. The firm has a 50-day moving average of $20.81 and a 200 day moving average of $20.16. The Ensign Group has a 12-month low of $16.51 and a 12-month high of $23.69.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Saturday, September 30th will be issued 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 0.75%. The Ensign Group’s dividend payout ratio (DPR) is presently 20.24%.
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.
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