The Ensign Group (ENSG) Upgraded to Hold by BidaskClub

The Ensign Group (NASDAQ:ENSG) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Tuesday.

ENSG has been the subject of a number of other research reports. Royal Bank of Canada raised their target price on shares of The Ensign Group to $27.00 and gave the company an “outperform” rating in a research note on Monday, November 20th. SunTrust Banks set a $29.00 target price on shares of The Ensign Group and gave the company a “buy” rating in a research note on Friday, February 9th. ValuEngine downgraded shares of The Ensign Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Cantor Fitzgerald raised their target price 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. Finally, Stifel Nicolaus set a $22.00 target price on shares of The Ensign Group and gave the company a “hold” rating in a research note on Friday, February 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.25.

The Ensign Group (ENSG) opened at $25.53 on Tuesday. The Ensign Group has a one year low of $16.50 and a one year high of $26.07. The firm has a market cap of $1,320.00, a P/E ratio of 33.39, a price-to-earnings-growth ratio of 1.16 and a beta of 0.82. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.61.

The Ensign Group (NASDAQ:ENSG) last announced its earnings results on Thursday, February 8th. The company reported $0.40 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.40. The Ensign Group had a net margin of 2.19% and a return on equity of 13.87%. The business had revenue of $487.70 million during the quarter, compared to the consensus estimate of $457.91 million. During the same quarter last year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. equities research analysts expect that The Ensign Group will post 1.48 EPS for the current fiscal year.

In related news, Director John G. Nackel sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $24.90, for a total transaction of $49,800.00. Following the completion of the sale, the director now owns 99,232 shares of the company’s stock, valued at $2,470,876.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Antoinette T. Hubenette sold 18,330 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $23.70, for a total transaction of $434,421.00. Following the sale, the director now directly owns 44,456 shares of the company’s stock, valued at approximately $1,053,607.20. The disclosure for this sale can be found here. Insiders have sold 100,470 shares of company stock valued at $2,434,971 in the last three months. 6.20% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. increased its position in shares of The Ensign Group by 0.4% during the second quarter. UBS Asset Management Americas Inc. now owns 16,262 shares of the company’s stock valued at $354,000 after acquiring an additional 62 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of The Ensign Group by 0.6% during the second quarter. Alliancebernstein L.P. now owns 66,938 shares of the company’s stock valued at $1,457,000 after acquiring an additional 400 shares in the last quarter. Voya Investment Management LLC increased its position in shares of The Ensign Group by 10.5% during the second quarter. Voya Investment Management LLC now owns 23,013 shares of the company’s stock valued at $501,000 after acquiring an additional 2,189 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of The Ensign Group by 30.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 9,754 shares of the company’s stock valued at $220,000 after acquiring an additional 2,260 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of The Ensign Group by 2.5% during the third quarter. Legal & General Group Plc now owns 92,837 shares of the company’s stock valued at $2,098,000 after acquiring an additional 2,307 shares in the last quarter. 84.27% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for The Ensign Group (NASDAQ:ENSG)

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