The Ensign Group, Inc. (NASDAQ:ENSG) Raised to “B” at TheStreet

TheStreet upgraded shares of The Ensign Group, Inc. (NASDAQ:ENSG) from a c+ rating to a b rating in a research note issued to investors on Monday morning.

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.

TRADEMARK VIOLATION WARNING: “The Ensign Group, Inc. (NASDAQ:ENSG) Raised to “B” at TheStreet” was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://sportsperspectives.com/2017/08/10/the-ensign-group-inc-nasdaqensg-raised-to-b-at-thestreet.html.

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.

Analyst Recommendations for The Ensign Group (NASDAQ:ENSG)

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