The Ensign Group, Inc. (ENSG) Downgraded by ValuEngine to Hold
ValuEngine lowered shares of The Ensign Group, Inc. (NASDAQ:ENSG) from a buy rating to a hold rating in a research report released on Tuesday morning.
A number of other research analysts have also commented on ENSG. BidaskClub lowered The Ensign Group from a strong-buy rating to a buy rating in a report on Monday, July 31st. Zacks Investment Research lowered The Ensign Group from a hold rating to a sell rating in a report on Tuesday, August 8th. TheStreet raised The Ensign Group from a c+ rating to a b rating in a report on Monday, August 7th. Royal Bank Of Canada reissued a buy rating and set a $21.00 target price on shares of The Ensign Group in a report on Tuesday, November 7th. Finally, Cantor Fitzgerald increased their target price on The Ensign Group from $23.00 to $27.00 and gave the stock an overweight rating in a report on Thursday, November 9th. Three analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The Ensign Group presently has a consensus rating of Hold and a consensus target price of $23.00.
Shares of The Ensign Group (NASDAQ:ENSG) traded up $0.25 during midday trading on Tuesday, reaching $23.62. The company’s stock had a trading volume of 112,100 shares, compared to its average volume of 229,778. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. The Ensign Group has a 52-week low of $16.50 and a 52-week high of $23.96. The firm has a market cap of $1,195.86, a price-to-earnings ratio of 19.81 and a beta of 0.84.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Saturday, September 30th were issued a dividend of $0.043 per share. This represents a $0.17 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Thursday, September 28th. The Ensign Group’s dividend payout ratio (DPR) is currently 18.89%.
In other news, Director Antoinette T. Hubenette sold 2,500 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $20.95, for a total transaction of $52,375.00. Following the sale, the director now directly owns 24,626 shares of the company’s stock, valued at approximately $515,914.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders have sold 3,566 shares of company stock worth $75,957. 6.20% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of The Ensign Group during the 3rd quarter worth $104,000. Riverhead Capital Management LLC lifted its position in shares of The Ensign Group by 86.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,664 shares of the company’s stock worth $102,000 after buying an additional 2,164 shares during the last quarter. Pinebridge Investments L.P. lifted its position in shares of The Ensign Group by 0.6% during the 2nd quarter. Pinebridge Investments L.P. now owns 6,280 shares of the company’s stock worth $137,000 after buying an additional 38 shares during the last quarter. UBS Group AG lifted its position in shares of The Ensign Group by 93.9% during the 1st quarter. UBS Group AG now owns 6,986 shares of the company’s stock worth $131,000 after buying an additional 3,383 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of The Ensign Group by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,156 shares of the company’s stock worth $156,000 after buying an additional 1,072 shares during the last quarter. Institutional investors and hedge funds own 84.94% 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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