Shares of The Ensign Group, Inc. (NASDAQ:ENSG) have earned an average recommendation of “Hold” from the ten brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $26.20.
ENSG has been the topic of several research reports. Royal Bank of Canada reissued a “buy” rating and issued a $21.00 target price on shares of The Ensign Group in a research report on Tuesday, November 7th. BidaskClub downgraded The Ensign Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. ValuEngine downgraded The Ensign Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Cantor Fitzgerald upped their target price on The Ensign Group from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, November 9th. Finally, SunTrust Banks set a $29.00 target price on The Ensign Group and gave the company a “buy” rating in a research report on Friday.
Shares of The Ensign Group (NASDAQ ENSG) traded up $1.84 on Wednesday, hitting $25.41. The stock had a trading volume of 543,432 shares, compared to its average volume of 222,069. The Ensign Group has a 12-month low of $16.50 and a 12-month high of $25.79. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market cap of $1,400.00, a price-to-earnings ratio of 33.00 and a beta of 0.82.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Sunday, December 31st were given a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 0.71%. This is an increase from The Ensign Group’s previous quarterly dividend of $0.04. The ex-dividend date was Thursday, December 28th. The Ensign Group’s dividend payout ratio is presently 23.38%.
In related news, VP Barry Port sold 5,901 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $24.11, for a total value of $142,273.11. Following the transaction, the vice president now directly owns 125,584 shares of the company’s stock, valued at approximately $3,027,830.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Antoinette T. Hubenette sold 18,330 shares of the stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $23.70, for a total value of $434,421.00. Following the sale, the director now directly owns 44,456 shares in the company, valued at $1,053,607.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,318 shares of company stock worth $1,648,075. 6.20% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wasatch Advisors Inc. grew its position in The Ensign Group by 2.6% during the 2nd quarter. Wasatch Advisors Inc. now owns 6,589,769 shares of the company’s stock worth $143,459,000 after purchasing an additional 170,072 shares during the period. BlackRock Inc. grew its position in The Ensign Group by 2.4% during the 4th quarter. BlackRock Inc. now owns 6,156,602 shares of the company’s stock worth $136,676,000 after purchasing an additional 145,405 shares during the period. Vanguard Group Inc. grew its position in The Ensign Group by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 4,475,647 shares of the company’s stock worth $97,435,000 after purchasing an additional 102,129 shares during the period. Dimensional Fund Advisors LP grew its position in The Ensign Group by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,234,334 shares of the company’s stock worth $50,474,000 after purchasing an additional 47,217 shares during the period. Finally, State Street Corp grew its position in The Ensign Group by 5.5% during the 2nd quarter. State Street Corp now owns 1,289,881 shares of the company’s stock worth $28,076,000 after purchasing an additional 67,741 shares during the period. 83.86% of the stock is currently owned by institutional investors.
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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