The Ensign Group, Inc. (NASDAQ:ENSG) Stock Rating Upgraded by TheStreet

The Ensign Group, Inc. (NASDAQ:ENSG) was upgraded by research analysts at TheStreet from a “c+” rating to a “b” rating in a note issued to investors on Monday, August 7th.

Several other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of The Ensign Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. BidaskClub downgraded shares of The Ensign Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 6th. Finally, Wells Fargo & Company downgraded shares of The Ensign Group from a “market perform” rating to an “underperform” rating in a research report on Friday, April 28th. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $22.00.

The Ensign Group (NASDAQ ENSG) opened at 19.61 on Monday. The Ensign Group has a one year low of $16.50 and a one year high of $23.35. The stock has a market cap of $997.52 million, a PE ratio of 22.83 and a beta of 0.84. The company’s 50 day moving average is $21.32 and its 200 day moving average is $19.67.

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In other The Ensign Group news, VP Barry Port sold 10,000 shares of the company’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $23.00, for a total transaction of $230,000.00. Following the completion of the transaction, the vice president now owns 135,642 shares in the company, valued at approximately $3,119,766. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 11,539 shares of company stock valued at $263,781. 6.20% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in shares of The Ensign Group during the fourth quarter worth approximately $4,903,000. Teachers Advisors LLC increased its position in shares of The Ensign Group by 1.7% in the fourth quarter. Teachers Advisors LLC now owns 78,280 shares of the company’s stock worth $1,739,000 after buying an additional 1,320 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of The Ensign Group by 9.4% in the fourth quarter. Macquarie Group Ltd. now owns 85,552 shares of the company’s stock worth $1,900,000 after buying an additional 7,385 shares during the last quarter. Bank of Montreal Can increased its position in shares of The Ensign Group by 9.8% in the first quarter. Bank of Montreal Can now owns 428,072 shares of the company’s stock worth $8,048,000 after buying an additional 38,154 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of The Ensign Group by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the company’s stock worth $367,000 after buying an additional 400 shares during the last quarter. Institutional investors own 86.69% of the company’s stock.

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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