The Ensign Group, Inc. (ENSG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of The Ensign Group, Inc. (NASDAQ:ENSG) have received an average rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $26.67.

Several equities research analysts have issued reports on the company. BidaskClub downgraded The Ensign Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Cantor Fitzgerald raised their price target on The Ensign Group from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. ValuEngine downgraded The Ensign Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Royal Bank of Canada raised their price target on The Ensign Group to $27.00 and gave the company an “outperform” rating in a report on Monday, November 20th.

Shares of The Ensign Group (NASDAQ:ENSG) opened at $22.98 on Wednesday. The Ensign Group has a twelve month low of $16.50 and a twelve month high of $24.78. The stock has a market capitalization of $1,152.87, a price-to-earnings ratio of 25.53 and a beta of 0.81. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). The Ensign Group had a net margin of 2.65% and a return on equity of 13.15%. The business had revenue of $471.59 million for the quarter, compared to analyst estimates of $445.95 million. equities research analysts expect that The Ensign Group will post 1.28 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Sunday, December 31st were issued a dividend of $0.045 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.78%. This is an increase from The Ensign Group’s previous quarterly dividend of $0.04. The Ensign Group’s dividend payout ratio (DPR) is currently 20.00%.

In other news, Director Antoinette T. Hubenette sold 18,330 shares of The Ensign Group stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $23.70, for a total transaction of $434,421.00. Following the completion of the sale, the director now owns 44,456 shares of the company’s stock, valued at $1,053,607.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Barry Port sold 20,423 shares of The Ensign Group stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $24.02, for a total value of $490,560.46. Following the sale, the vice president now directly owns 128,112 shares of the company’s stock, valued at approximately $3,077,250.24. The disclosure for this sale can be found here. Insiders have sold 69,318 shares of company stock valued at $1,648,075 in the last three months. Insiders own 6.20% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. UBS Asset Management Americas Inc. lifted its holdings in shares of The Ensign Group by 0.4% during the second 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 in the last quarter. Alliancebernstein L.P. raised its stake in The Ensign Group by 0.6% in the second quarter. Alliancebernstein L.P. now owns 66,938 shares of the company’s stock valued at $1,457,000 after purchasing an additional 400 shares in the last quarter. Voya Investment Management LLC raised its stake in The Ensign Group by 10.5% in the second quarter. Voya Investment Management LLC now owns 23,013 shares of the company’s stock valued at $501,000 after purchasing an additional 2,189 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in The Ensign Group by 30.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 9,754 shares of the company’s stock valued at $220,000 after purchasing an additional 2,260 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in The Ensign Group by 2.5% in the third quarter. Legal & General Group Plc now owns 92,837 shares of the company’s stock valued at $2,098,000 after purchasing an additional 2,307 shares in the last quarter. 83.86% of the stock is owned by institutional investors.

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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.

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