The Ensign Group’s (ENSG) Overweight Rating Reaffirmed at Stephens

The Ensign Group (NASDAQ:ENSG)‘s stock had its “overweight” rating reaffirmed by analysts at Stephens in a research note issued on Thursday,Benzinga reports. They currently have a $155.00 target price on the stock. Stephens’ price target points to a potential upside of 18.32% from the company’s current price.

A number of other equities analysts have also commented on the company. Truist Financial dropped their price objective on The Ensign Group from $170.00 to $155.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Macquarie increased their price objective on The Ensign Group from $165.00 to $166.00 and gave the company an “outperform” rating in a research report on Tuesday. Royal Bank of Canada boosted their target price on shares of The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. UBS Group initiated coverage on shares of The Ensign Group in a report on Thursday, November 21st. They issued a “buy” rating and a $175.00 price target for the company. Finally, Oppenheimer boosted their price objective on shares of The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $165.17.

The Ensign Group Stock Down 3.6 %

Shares of The Ensign Group stock opened at $131.00 on Thursday. The Ensign Group has a 12-month low of $113.27 and a 12-month high of $158.45. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average price of $138.08 and a two-hundred day moving average price of $143.79. The stock has a market capitalization of $7.51 billion, a P/E ratio of 31.72, a PEG ratio of 1.66 and a beta of 0.94.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.11). The Ensign Group had a return on equity of 17.21% and a net margin of 5.84%. Equities analysts expect that The Ensign Group will post 5.02 earnings per share for the current year.

Insider Activity at The Ensign Group

In related news, Chairman Christopher R. Christensen sold 39,086 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $148.52, for a total value of $5,805,052.72. Following the sale, the chairman now owns 12,539 shares of the company’s stock, valued at $1,862,292.28. The trade was a 75.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barry M. Smith sold 700 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $138.48, for a total value of $96,936.00. Following the transaction, the director now owns 30,752 shares of the company’s stock, valued at $4,258,536.96. This represents a 2.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,486 shares of company stock valued at $5,995,390 over the last quarter. 3.90% of the stock is owned by company insiders.

Institutional Trading of The Ensign Group

Several large investors have recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC bought a new position in shares of The Ensign Group in the fourth quarter valued at approximately $25,000. Avior Wealth Management LLC increased its holdings in The Ensign Group by 190.1% during the 4th quarter. Avior Wealth Management LLC now owns 206 shares of the company’s stock valued at $27,000 after purchasing an additional 135 shares in the last quarter. Venturi Wealth Management LLC raised its position in The Ensign Group by 150.6% in the 4th quarter. Venturi Wealth Management LLC now owns 208 shares of the company’s stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. Signaturefd LLC boosted its stake in The Ensign Group by 115.2% in the third quarter. Signaturefd LLC now owns 284 shares of the company’s stock worth $41,000 after purchasing an additional 152 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in shares of The Ensign Group during the third quarter worth $54,000. 96.12% of the stock is owned by institutional investors.

About The Ensign Group

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.