The Ensign Group, Inc. (ENSG) Stock Rating Lowered by ValuEngine

The Ensign Group, Inc. (NASDAQ:ENSG) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Several other brokerages also recently weighed in on ENSG. BidaskClub downgraded The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Royal Bank Of Canada reissued a “buy” rating and issued a $21.00 target price on shares of The Ensign Group in a report on Tuesday, November 7th. TheStreet raised The Ensign Group from a “c+” rating to a “b” rating in a report on Monday, August 7th. Cantor Fitzgerald raised their target price on The Ensign Group from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Finally, Zacks Investment Research downgraded The Ensign Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The Ensign Group has an average rating of “Hold” and an average target price of $23.00.

Shares of The Ensign Group (ENSG) opened at $23.37 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. The Ensign Group has a fifty-two week low of $16.50 and a fifty-two week high of $23.96. The firm has a market capitalization of $1,187.16, a price-to-earnings ratio of 19.66 and a beta of 0.84.

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In other news, Director Antoinette T. Hubenette sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $20.95, for a total value of $52,375.00. Following the completion of the transaction, the director now owns 24,626 shares in the company, valued at $515,914.70. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders sold 3,566 shares of company stock valued at $75,957. Company insiders own 6.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in ENSG. Riverhead Capital Management LLC increased its position in shares of The Ensign Group by 86.6% in the second 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 in the last quarter. SG Americas Securities LLC purchased a new position in shares of The Ensign Group in the third quarter valued at $104,000. UBS Group AG increased its position in shares of The Ensign Group by 93.9% in the first 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 in the last quarter. Pinebridge Investments L.P. increased its position in shares of The Ensign Group by 0.6% in the second 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 in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of The Ensign Group by 17.6% in the second 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 in the last quarter. Institutional investors and hedge funds own 84.94% of the company’s stock.

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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