The Ensign Group, Inc. (ENSG) Given Consensus Recommendation of “Hold” by Brokerages
Shares of The Ensign Group, Inc. (NASDAQ:ENSG) have earned an average recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $22.00.
A number of analysts recently commented on ENSG shares. Zacks Investment Research cut shares of The Ensign Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. BidaskClub cut shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, TheStreet upgraded shares of The Ensign Group from a “c+” rating to a “b” rating in a research report on Monday, August 7th.
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In other The Ensign Group news, Director Antoinette T. Hubenette sold 2,500 shares of the 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 transaction, the director now owns 24,626 shares in the company, valued at approximately $515,914.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 4,114 shares of company stock valued at $87,048. Corporate insiders own 6.20% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC increased its holdings in The Ensign Group by 86.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,664 shares of the company’s stock worth $102,000 after purchasing an additional 2,164 shares in the last quarter. Victory Capital Management Inc. increased its holdings in The Ensign Group by 36.8% during the 1st quarter. Victory Capital Management Inc. now owns 6,084 shares of the company’s stock worth $114,000 after purchasing an additional 1,638 shares in the last quarter. Pinebridge Investments L.P. increased 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 purchasing an additional 38 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in The Ensign Group during the 1st quarter worth about $131,000. Finally, UBS Group AG increased its holdings in The Ensign Group by 93.9% during the 1st quarter. UBS Group AG now owns 6,986 shares of the company’s stock worth $131,000 after purchasing an additional 3,383 shares in the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.
Shares of The Ensign Group (ENSG) traded up 2.59% during mid-day trading on Friday, hitting $23.80. The stock had a trading volume of 147,716 shares. The stock’s 50-day moving average price is $21.95 and its 200-day moving average price is $20.65. The Ensign Group has a 12-month low of $16.50 and a 12-month high of $23.81. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 27.71 and a beta of 0.87.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Saturday, September 30th will be given a $0.043 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Thursday, September 28th. The Ensign Group’s dividend payout ratio is currently 20.24%.
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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