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.

Analyst Recommendations for The Ensign Group (NASDAQ:ENSG)

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