The Ensign Group, Inc. (ENSG) Cut to “Hold” at ValuEngine
ValuEngine lowered shares of The Ensign Group, Inc. (NASDAQ:ENSG) from a buy rating to a hold rating in a research note released on Tuesday morning.
Several other brokerages have also recently issued reports on ENSG. Royal Bank Of Canada reaffirmed a buy rating and set a $21.00 price objective on shares of The Ensign Group in a research note on Tuesday, November 7th. Cantor Fitzgerald upped their price objective on shares of The Ensign Group from $23.00 to $27.00 and gave the company an overweight rating in a research note on Thursday, November 9th. BidaskClub cut shares of The Ensign Group from a strong-buy rating to a buy rating in a research note on Monday, July 31st. TheStreet raised shares of The Ensign Group from a c+ rating to a b rating in a research note on Monday, August 7th. Finally, Zacks Investment Research cut shares of The Ensign Group from a hold rating to a sell rating in a research note on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $23.00.
The Ensign Group (NASDAQ ENSG) opened at $23.77 on Tuesday. The Ensign Group has a 1 year low of $16.50 and a 1 year high of $24.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a market cap of $1,208.65, a PE ratio of 20.02 and a beta of 0.84.
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The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Saturday, September 30th were paid a dividend of $0.043 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.17 annualized dividend and a yield of 0.72%. The Ensign Group’s dividend payout ratio is presently 18.89%.
In other news, Director Antoinette T. Hubenette sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $20.95, for a total value of $52,375.00. Following the completion of the sale, the director now owns 24,626 shares of the company’s stock, valued at approximately $515,914.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders sold 3,566 shares of company stock valued at $75,957. Corporate insiders own 6.20% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Riverhead Capital Management LLC grew its stake in shares of The Ensign Group by 86.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,664 shares of the company’s stock valued at $102,000 after buying an additional 2,164 shares during the period. SG Americas Securities LLC purchased a new stake in shares of The Ensign Group in the 3rd quarter valued at approximately $104,000. UBS Group AG grew its stake in shares of The Ensign Group by 93.9% in the 1st quarter. UBS Group AG now owns 6,986 shares of the company’s stock valued at $131,000 after buying an additional 3,383 shares during the period. Pinebridge Investments L.P. grew its stake in shares of The Ensign Group by 0.6% in the 2nd quarter. Pinebridge Investments L.P. now owns 6,280 shares of the company’s stock valued at $137,000 after buying an additional 38 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of The Ensign Group by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,156 shares of the company’s stock valued at $156,000 after buying an additional 1,072 shares during the period. 84.94% of the stock is owned by institutional investors and hedge funds.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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