The Ensign Group, Inc. (NASDAQ:ENSG) Cut to Hold at BidaskClub
The Ensign Group, Inc. (NASDAQ:ENSG) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Sunday, August 6th.
Several other equities analysts also recently commented on ENSG. Zacks Investment Research raised The Ensign Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 25th. Wells Fargo & Company downgraded 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 assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $22.00.
The Ensign Group (NASDAQ ENSG) traded down 0.56% during trading on Friday, reaching $19.61. 112,093 shares of the company’s stock traded hands. The company’s 50 day moving average is $21.39 and its 200-day moving average is $19.67. The Ensign Group has a 52-week low of $16.50 and a 52-week high of $23.35. The stock has a market cap of $997.52 million, a price-to-earnings ratio of 22.83 and a beta of 0.84.
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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 stock was sold at an average price of $23.00, for a total value of $230,000.00. Following the completion of the sale, the vice president now directly owns 135,642 shares in the company, valued at approximately $3,119,766. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 11,539 shares of company stock valued at $263,781 over the last quarter. Company insiders own 6.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Wasatch Advisors Inc. boosted its stake in The Ensign Group by 2.6% in the second quarter. Wasatch Advisors Inc. now owns 6,589,769 shares of the company’s stock worth $143,459,000 after buying an additional 170,072 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in The Ensign Group during the second quarter worth approximately $224,000. Moors & Cabot Inc. acquired a new stake in The Ensign Group during the second quarter worth approximately $790,000. State Street Corp boosted its stake in The Ensign Group by 5.5% in the second quarter. State Street Corp now owns 1,289,881 shares of the company’s stock worth $28,076,000 after buying an additional 67,741 shares during the period. Finally, Lenox Wealth Management Inc. acquired a new stake in The Ensign Group during the second quarter worth approximately $601,000. Institutional investors own 86.69% of the company’s stock.
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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