The stock of The Ensign Group, Inc. (NASDAQ:ENSG) hit a new 52-week low and has $17.04 target or 9.00% below today’s $18.73 share price. The 6 months bearish chart indicates high risk for the $970.36 million company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $17.04 price target is reached, the company will be worth $87.33M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 93,221 shares traded hands. The Ensign Group, Inc. (NASDAQ:ENSG) has declined 20.21% since April 1, 2016 and is downtrending. It has underperformed by 21.42% the S&P500.
The Ensign Group, Inc. (NASDAQ:ENSG) Ratings Coverage
Out of 4 analysts covering Ensign Group (NASDAQ:ENSG), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Ensign Group has been the topic of 5 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, February 12 by RBC Capital Markets. On Thursday, May 12 the stock rating was downgraded by Wells Fargo to “Market Perform”. On Wednesday, August 5 the stock rating was maintained by Oppenheimer with “Outperform”. The stock of The Ensign Group, Inc. (NASDAQ:ENSG) has “Buy” rating given on Thursday, August 4 by SunTrust. The stock of The Ensign Group, Inc. (NASDAQ:ENSG) earned “Outperform” rating by RBC Capital Markets on Thursday, May 12.
According to Zacks Investment Research, “The Ensign Group was formed for the express purpose of meeting the challenges of the long-term care industry in the 21st Century. Led by the country’s finest caregivers, with an aggressive team of industry and business veterans backing them up, Ensign is elevating quality of care to superior levels, and doing it one facility at a time.”
Insitutional Activity: The institutional sentiment increased to 1.21 in Q2 2016. Its up 0.08, from 1.13 in 2016Q1. The ratio improved, as 13 funds sold all The Ensign Group, Inc. shares owned while 50 reduced positions. 24 funds bought stakes while 52 increased positions. They now own 42.00 million shares or 0.65% less from 42.28 million shares in 2016Q1.
Moreover, Steinberg Asset Mngmt has 0.2% invested in The Ensign Group, Inc. (NASDAQ:ENSG) for 55,466 shares. Martingale Asset Mgmt Lp has invested 0% of its portfolio in The Ensign Group, Inc. (NASDAQ:ENSG). Blackrock has invested 0% of its portfolio in The Ensign Group, Inc. (NASDAQ:ENSG). Mckinley Mgmt Ltd Delaware owns 1,510 shares or 0% of their US portfolio. New York State Common Retirement Fund, a New York-based fund reported 51,900 shares. Blackrock Inv Mgmt Lc holds 0.01% or 201,940 shares in its portfolio. Goldman Sachs, a New York-based fund reported 49,108 shares. Pinebridge Investments L P has 5,926 shares for 0.01% of their US portfolio. Moreover, Employees Retirement Systems Of Texas has 0.02% invested in The Ensign Group, Inc. (NASDAQ:ENSG) for 58,000 shares. Macquarie Group Ltd accumulated 0% or 78,210 shares. The California-based Tradewinds Global Limited Liability Company has invested 0.02% in The Ensign Group, Inc. (NASDAQ:ENSG). Great West Life Assurance Can owns 5,600 shares or 0% of their US portfolio. Da Davidson owns 32,686 shares or 0.02% of their US portfolio. New York State Teachers Retirement Systems accumulated 57,082 shares or 0% of the stock. Springbok Capital Mgmt Ltd owns 6,189 shares or 0.02% of their US portfolio.
Insider Transactions: Since May 16, 2016, the stock had 0 insider buys, and 16 sales for $470,429 net activity. Wittekind Beverly B. had sold 186 shares worth $3,816 on Monday, May 16. Snapper Suzanne D. also sold $3,880 worth of The Ensign Group, Inc. (NASDAQ:ENSG) shares. Keetch Chad sold $9,223 worth of stock. $7,704 worth of shares were sold by Port Barry on Monday, October 31. The insider Christensen Christopher R. sold $8,126.
Another recent and important The Ensign Group, Inc. (NASDAQ:ENSG) news was published by Globenewswire.com which published an article titled: “The Ensign Group Completes Acquisition of Legend Healthcare in Texas” on May 03, 2016.
ENSG Company Profile
The Ensign Group, Inc., incorporated on May 27, 1999, is a holding company. The Company, through its subsidiaries, provides healthcare services across the post-acute care continuum, as well as urgent care centers and mobile ancillary businesses located in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Texas, Utah, Washington and Wisconsin. The Company’s divisions include transitional, skilled and assisted living services (TSA services); home health and hospice services, and all other. The TSA services segment includes the operation of skilled nursing facilities and assisted and independent living facilities. The home health and hospice services segment includes the Company’s home health, home care and hospice businesses. The all other segment includes the Company’s urgent care centers and mobile ancillary operations. The Company’s subsidiaries provide a range of skilled nursing, assisted living, home health and hospice, mobile ancillary and urgent care services. The Firm operates a portfolio to approximately 207 healthcare facilities, over 35 of which are owned, approximately 16 hospice agencies, over 16 home health agencies, approximately three home care businesses and over 17 urgent care clinics across approximately 14 states.
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