The Ensign Group (NASDAQ:ENSG) Coverage Initiated by Analysts at Stephens
Research analysts at Stephens started coverage on shares of The Ensign Group (NASDAQ:ENSG) in a report issued on Monday, The Fly reports. The firm set an “equal weight” rating on the stock.
A number of other equities analysts also recently weighed in on ENSG. ValuEngine raised The Ensign Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 10th. Zacks Investment Research raised The Ensign Group from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Tuesday, September 24th. BidaskClub downgraded The Ensign Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 8th. Oppenheimer set a $64.00 price target on The Ensign Group and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Stifel Nicolaus upped their price target on The Ensign Group from $52.00 to $56.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The Ensign Group has an average rating of “Hold” and an average target price of $55.50.
Shares of ENSG traded up $0.28 on Monday, hitting $42.19. The company’s stock had a trading volume of 208,525 shares, compared to its average volume of 300,826. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.85. The firm’s fifty day moving average price is $45.75 and its 200-day moving average price is $52.04. The Ensign Group has a fifty-two week low of $35.93 and a fifty-two week high of $63.00. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 23.57, a P/E/G ratio of 1.29 and a beta of 0.90.
In other news, insider Spencer Burton sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $60.00, for a total transaction of $60,000.00. Following the sale, the insider now owns 19,351 shares in the company, valued at approximately $1,161,060. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 2,612 shares of company stock valued at $149,118. Insiders own 6.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in The Ensign Group by 3.1% in the 2nd quarter. BlackRock Inc. now owns 7,713,644 shares of the company’s stock valued at $439,060,000 after acquiring an additional 229,895 shares during the period. Vanguard Group Inc. raised its stake in The Ensign Group by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 6,250,577 shares of the company’s stock valued at $355,783,000 after acquiring an additional 179,105 shares during the period. Wasatch Advisors Inc. raised its stake in The Ensign Group by 1.2% in the 2nd quarter. Wasatch Advisors Inc. now owns 3,815,921 shares of the company’s stock valued at $217,202,000 after acquiring an additional 46,531 shares during the period. Copeland Capital Management LLC raised its stake in The Ensign Group by 21.2% in the 2nd quarter. Copeland Capital Management LLC now owns 815,400 shares of the company’s stock valued at $46,413,000 after acquiring an additional 142,478 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in The Ensign Group by 100.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 776,107 shares of the company’s stock valued at $43,680,000 after acquiring an additional 389,284 shares during the period. Institutional investors own 82.07% of the company’s stock.
About The Ensign Group
The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in three segments: Transitional and Skilled Services; Assisted and Independent Living Services; and Home Health and Hospice Services. The Transitional and Skilled Services segment offers a range of medical, nursing, rehabilitative, and pharmacy services, as well as routine services, such as daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.
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