Fintel reports that on June 28, 2024, Macquarie initiated coverage of Ensign Group (NasdaqGS:ENSG) with a Outperform recommendation.
Analyst Price Forecast Suggests 10.91% Upside
As of June 12, 2024, the average one-year price target for Ensign Group is 137.19. The forecasts range from a low of 134.33 to a high of $141.75. The average price target represents an increase of 10.91% from its latest reported closing price of 123.69.
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The projected annual revenue for Ensign Group is 3,669MM, a decrease of 4.77%. The projected annual non-GAAP EPS is 5.14.
What is the Fund Sentiment?
There are 795 funds or institutions reporting positions in Ensign Group. This is an increase of 26 owner(s) or 3.38% in the last quarter. Average portfolio weight of all funds dedicated to ENSG is 0.38%, an increase of 3.16%. Total shares owned by institutions decreased in the last three months by 2.26% to 62,892K shares. 
The put/call ratio of ENSG is 0.59, indicating a bullish outlook.
What are Other Shareholders Doing?
Wasatch Advisors holds 4,170K shares representing 7.39% ownership of the company. In its prior filing, the firm reported owning 4,532K shares , representing a decrease of 8.66%. The firm decreased its portfolio allocation in ENSG by 3.13% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 3,800K shares representing 6.73% ownership of the company. In its prior filing, the firm reported owning 3,775K shares , representing an increase of 0.68%. The firm increased its portfolio allocation in ENSG by 6.92% over the last quarter.
Capital Research Global Investors holds 2,540K shares representing 4.50% ownership of the company. In its prior filing, the firm reported owning 2,620K shares , representing a decrease of 3.16%. The firm decreased its portfolio allocation in ENSG by 1.15% over the last quarter.
Fuller & Thaler Asset Management holds 2,470K shares representing 4.38% ownership of the company. In its prior filing, the firm reported owning 2,487K shares , representing a decrease of 0.65%. The firm decreased its portfolio allocation in ENSG by 5.14% over the last quarter.
SMCWX - SMALLCAP WORLD FUND INC holds 2,317K shares representing 4.10% ownership of the company. In its prior filing, the firm reported owning 2,384K shares , representing a decrease of 2.91%. The firm increased its portfolio allocation in ENSG by 4.10% over the last quarter.
Ensign Group Background Information
(This description is provided by the company.)
The Ensign Group independent operating subsidiaries provide a broad spectrum of skilled nursing and assisted living services, physical, occupational and speech therapies and other rehabilitative and healthcare services at 231 healthcare facilities, in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, Texas, Utah, Washington and Wisconsin.
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This story originally appeared on Fintel.
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