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.

Analyst Recommendations for The Ensign Group (NASDAQ:ENSG)

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