The Ensign Group, Inc. (NASDAQ:ENSG) has earned an average recommendation of “Buy” from the nine ratings firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $53.43.
A number of research firms have weighed in on ENSG. SunTrust Banks upped their target price on The Ensign Group from $46.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, June 11th. Zacks Investment Research raised The Ensign Group from a “hold” rating to a “strong-buy” rating and set a $65.00 price target on the stock in a report on Wednesday, August 12th. BidaskClub raised The Ensign Group from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $60.00 price target on shares of The Ensign Group in a report on Wednesday, August 5th.
ENSG traded down $0.69 during trading on Monday, reaching $54.92. The stock had a trading volume of 244,043 shares, compared to its average volume of 342,411. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 1.28 and a beta of 0.94. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20. The Ensign Group has a 1-year low of $24.06 and a 1-year high of $60.35. The stock has a 50 day moving average of $55.67 and a two-hundred day moving average of $43.78.
The company also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.36%. The ex-dividend date is Tuesday, September 29th. The Ensign Group’s dividend payout ratio (DPR) is currently 9.57%.
In other The Ensign Group news, VP Beverly B. Wittekind sold 1,000 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $57.24, for a total transaction of $57,240.00. Following the sale, the vice president now directly owns 55,169 shares of the company’s stock, valued at approximately $3,157,873.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daren Shaw sold 2,375 shares of the company’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $45.29, for a total transaction of $107,563.75. Following the completion of the transaction, the director now directly owns 46,125 shares in the company, valued at $2,089,001.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,788 shares of company stock worth $411,982. Company insiders own 6.80% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in shares of The Ensign Group by 81.1% in the second quarter. PNC Financial Services Group Inc. now owns 5,906 shares of the company’s stock worth $247,000 after acquiring an additional 2,644 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of The Ensign Group by 29.2% in the second quarter. Neuberger Berman Group LLC now owns 7,785 shares of the company’s stock worth $326,000 after acquiring an additional 1,759 shares during the last quarter. Handelsbanken Fonder AB acquired a new position in shares of The Ensign Group in the second quarter worth $459,000. Charles Schwab Investment Management Inc. increased its stake in shares of The Ensign Group by 2.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 417,384 shares of the company’s stock worth $17,468,000 after acquiring an additional 8,065 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in shares of The Ensign Group in the second quarter worth $472,000. 80.68% of the stock is currently owned by institutional investors and hedge funds.
The Ensign Group Company Profile
The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in three segments: Transitional and Skilled Services; Assisted and Independent Living Services; and Home Health and Hospice Services. The Transitional and Skilled Services segment offers a range of medical, nursing, rehabilitative, and pharmacy services, as well as routine services, such as daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.
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