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.

Analyst Recommendations for The Ensign Group (NASDAQ:ENSG)

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