Several other research analysts have also recently weighed in on ENSG. Zacks Investment Research cut shares of The Ensign Group from a hold rating to a sell rating in a report on Thursday, April 20th. Wells Fargo & Company cut shares of The Ensign Group from a market perform rating to an underperform rating in a report on Friday, April 28th. Finally, BidaskClub upgraded shares of The Ensign Group from a hold rating to a buy rating in a report on Saturday, June 10th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The Ensign Group has a consensus rating of Hold and an average price target of $22.00.
Shares of The Ensign Group (NASDAQ:ENSG) opened at 19.88 on Monday. The Ensign Group has a 52-week low of $16.51 and a 52-week high of $23.35. The firm has a 50-day moving average of $21.74 and a 200-day moving average of $19.70. The stock has a market cap of $1.01 billion, a P/E ratio of 23.98 and a beta of 0.84.
The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were issued a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Wednesday, June 28th. The Ensign Group’s dividend payout ratio (DPR) is presently 20.24%.
In other news, VP Barry Port sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $23.00, for a total value of $230,000.00. Following the completion of the transaction, the vice president now owns 135,642 shares in the company, valued at $3,119,766. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 11,761 shares of company stock valued at $267,981 in the last quarter. Corporate insiders own 6.20% of the company’s stock.
Several hedge funds have recently made changes to their positions in ENSG. BlackRock Inc. raised its stake in shares of The Ensign Group by 132,060.3% in the first quarter. BlackRock Inc. now owns 5,931,353 shares of the company’s stock worth $111,509,000 after buying an additional 5,926,865 shares in the last quarter. Denver Investment Advisors LLC acquired a new stake in shares of The Ensign Group during the second quarter worth approximately $24,027,000. Wellington Management Group LLP raised its stake in shares of The Ensign Group by 102.3% in the first quarter. Wellington Management Group LLP now owns 2,103,251 shares of the company’s stock worth $39,542,000 after buying an additional 1,063,828 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of The Ensign Group during the first quarter worth approximately $5,160,000. Finally, Vanguard Group Inc. raised its stake in shares of The Ensign Group by 5.9% in the first quarter. Vanguard Group Inc. now owns 4,373,518 shares of the company’s stock worth $82,222,000 after buying an additional 245,244 shares in the last quarter. 84.65% of the stock is currently owned by institutional investors and hedge funds.
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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