The Ensign Group, Inc. (NASDAQ:ENSG) has been given a consensus recommendation of “Hold” by the eight brokerages that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $22.00.
ENSG has been the topic of several research analyst reports. Wells Fargo & Company cut The Ensign Group from a “market perform” rating to an “underperform” rating in a report on Friday, April 28th. Zacks Investment Research upgraded The Ensign Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. BidaskClub cut The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, TheStreet upgraded The Ensign Group from a “c+” rating to a “b” rating in a report on Monday.
The Ensign Group (NASDAQ:ENSG) opened at 19.65 on Friday. The Ensign Group has a 12 month low of $16.51 and a 12 month high of $23.35. The stock’s 50 day moving average price is $21.64 and its 200-day moving average price is $19.69. The firm has a market capitalization of $999.56 million, a price-to-earnings ratio of 22.88 and a beta of 0.84.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were issued a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Wednesday, June 28th. The Ensign Group’s dividend payout ratio is presently 20.24%.
In other The Ensign Group news, VP Barry Port sold 10,000 shares of the business’s stock in a transaction that occurred on 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 owns 135,642 shares of the company’s stock, valued at $3,119,766. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 11,761 shares of company stock worth $267,981 over the last quarter. 6.20% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in The Ensign Group by 0.3% in the second quarter. BlackRock Inc. now owns 5,951,320 shares of the company’s stock worth $129,561,000 after buying an additional 19,967 shares in the last quarter. Ameriprise Financial Inc. raised its stake in The Ensign Group by 68.3% in the second quarter. Ameriprise Financial Inc. now owns 463,244 shares of the company’s stock worth $10,085,000 after buying an additional 187,941 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in The Ensign Group by 2.5% in the second quarter. TIAA CREF Investment Management LLC now owns 131,316 shares of the company’s stock worth $2,859,000 after buying an additional 3,205 shares in the last quarter. Teachers Advisors LLC raised its stake in The Ensign Group by 6.2% in the second quarter. Teachers Advisors LLC now owns 87,169 shares of the company’s stock worth $1,898,000 after buying an additional 5,080 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY raised its stake in The Ensign Group by 157.8% in the second quarter. Paradigm Capital Management Inc. NY now owns 58,000 shares of the company’s stock worth $1,262,000 after buying an additional 35,500 shares in the last quarter. 84.65% of the stock is currently owned by institutional investors and hedge funds.
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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