The Ensign Group (NASDAQ:ENSG) PT Raised to $135.00

The Ensign Group (NASDAQ:ENSG) had its target price increased by stock analysts at Oppenheimer from $130.00 to $135.00 in a report issued on Monday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price target indicates a potential upside of 14.46% from the stock’s previous close.

ENSG has been the subject of several other reports. Royal Bank of Canada increased their price target on shares of The Ensign Group from $112.00 to $133.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Stephens restated an “overweight” rating and issued a $135.00 target price on shares of The Ensign Group in a research note on Tuesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $124.60.

The Ensign Group Price Performance

Shares of ENSG opened at $117.95 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.53 and a current ratio of 1.53. The company has a 50 day moving average price of $121.08 and a 200-day moving average price of $114.80. The Ensign Group has a fifty-two week low of $87.14 and a fifty-two week high of $127.57. The stock has a market capitalization of $6.71 billion, a PE ratio of 31.04, a PEG ratio of 1.57 and a beta of 0.95.

Insider Buying and Selling at The Ensign Group

In other news, Chairman Christopher R. Christensen sold 10,800 shares of The Ensign Group stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $117.56, for a total transaction of $1,269,648.00. Following the completion of the sale, the chairman now directly owns 147,400 shares in the company, valued at $17,328,344. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Daren Shaw sold 4,463 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $118.96, for a total transaction of $530,918.48. Following the sale, the director now directly owns 32,250 shares of the company’s stock, valued at $3,836,460. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Christopher R. Christensen sold 10,800 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $117.56, for a total value of $1,269,648.00. Following the completion of the transaction, the chairman now directly owns 147,400 shares of the company’s stock, valued at $17,328,344. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,263 shares of company stock worth $3,735,086. 3.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On The Ensign Group

Several institutional investors have recently made changes to their positions in the company. Baron Wealth Management LLC grew its position in The Ensign Group by 4.5% during the fourth quarter. Baron Wealth Management LLC now owns 2,314 shares of the company’s stock valued at $260,000 after buying an additional 100 shares during the period. Prime Capital Investment Advisors LLC grew its position in shares of The Ensign Group by 1.8% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 5,838 shares of the company’s stock valued at $655,000 after purchasing an additional 102 shares during the period. Knights of Columbus Asset Advisors LLC increased its stake in shares of The Ensign Group by 8.5% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 1,353 shares of the company’s stock worth $152,000 after purchasing an additional 106 shares in the last quarter. Davidson Capital Management Inc. raised its position in shares of The Ensign Group by 0.5% during the 1st quarter. Davidson Capital Management Inc. now owns 21,545 shares of the company’s stock worth $2,681,000 after purchasing an additional 109 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in The Ensign Group by 1.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,945 shares of the company’s stock valued at $1,228,000 after buying an additional 110 shares in the last quarter. 96.12% of the stock is owned by hedge funds and other 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.