Shares of The Ensign Group, Inc. (NASDAQ:ENSG) hit a new 52-week high on Monday . The stock traded as high as $55.54 and last traded at $56.09, with a volume of 23514 shares traded. The stock had previously closed at $53.97.
ENSG has been the topic of several recent research reports. BidaskClub raised The Ensign Group from a “hold” rating to a “buy” rating in a report on Friday, January 25th. ValuEngine lowered The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 3rd. Zacks Investment Research lowered The Ensign Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 9th. Finally, Oppenheimer boosted their price target on The Ensign Group from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The Ensign Group has a consensus rating of “Buy” and a consensus price target of $43.43.
The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.87. The company has a market cap of $2.97 billion, a P/E ratio of 31.08, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95.
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Sunday, March 31st were paid a $0.0475 dividend. This is a positive change from The Ensign Group’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.19 annualized dividend and a yield of 0.34%. The Ensign Group’s payout ratio is currently 10.61%.
A number of hedge funds have recently made changes to their positions in ENSG. Geode Capital Management LLC boosted its stake in The Ensign Group by 9.0% in the first quarter. Geode Capital Management LLC now owns 624,494 shares of the company’s stock worth $31,967,000 after purchasing an additional 51,637 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in The Ensign Group by 3.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 410,616 shares of the company’s stock worth $21,020,000 after purchasing an additional 13,522 shares in the last quarter. Renaissance Technologies LLC boosted its stake in The Ensign Group by 12.1% in the first quarter. Renaissance Technologies LLC now owns 132,000 shares of the company’s stock worth $6,757,000 after purchasing an additional 14,300 shares in the last quarter. AQR Capital Management LLC boosted its stake in The Ensign Group by 64.7% in the first quarter. AQR Capital Management LLC now owns 218,259 shares of the company’s stock worth $11,173,000 after purchasing an additional 85,765 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new position in The Ensign Group in the first quarter worth $435,000. 82.38% of the stock is currently owned by institutional investors and hedge funds.
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About The Ensign Group (NASDAQ:ENSG)
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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