Voya Investment Management LLC Has $715,000 Position in The Ensign Group, Inc. (ENSG)

Voya Investment Management LLC lowered its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 10.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,970 shares of the company’s stock after selling 2,332 shares during the period. Voya Investment Management LLC’s holdings in The Ensign Group were worth $715,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Victory Capital Management Inc. grew its stake in shares of The Ensign Group by 15.9% during the second quarter. Victory Capital Management Inc. now owns 11,680 shares of the company’s stock worth $418,000 after purchasing an additional 1,603 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of The Ensign Group by 16.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 13,352 shares of the company’s stock worth $478,000 after purchasing an additional 1,840 shares in the last quarter. Legal & General Group Plc grew its stake in shares of The Ensign Group by 2.4% during the first quarter. Legal & General Group Plc now owns 102,009 shares of the company’s stock worth $2,697,000 after purchasing an additional 2,354 shares in the last quarter. Comerica Bank grew its stake in shares of The Ensign Group by 5.3% during the second quarter. Comerica Bank now owns 53,733 shares of the company’s stock worth $2,033,000 after purchasing an additional 2,720 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of The Ensign Group by 5.4% during the first quarter. Great West Life Assurance Co. Can now owns 64,598 shares of the company’s stock worth $1,700,000 after purchasing an additional 3,322 shares in the last quarter. Hedge funds and other institutional investors own 84.59% of the company’s stock.

In other news, insider Christopher R. Christensen sold 84,472 shares of the stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $37.65, for a total transaction of $3,180,370.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher R. Christensen sold 21,241 shares of the stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $37.42, for a total transaction of $794,838.22. The disclosure for this sale can be found here. Insiders sold 159,149 shares of company stock valued at $6,020,000 in the last 90 days. 6.00% of the stock is currently owned by insiders.

A number of equities analysts recently commented on the stock. BidaskClub downgraded shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 30th. Zacks Investment Research downgraded shares of The Ensign Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Cantor Fitzgerald restated a “buy” rating and issued a $42.00 price objective on shares of The Ensign Group in a research note on Monday, July 30th. Stifel Nicolaus set a $34.00 price objective on shares of The Ensign Group and gave the company a “hold” rating in a research note on Thursday, August 16th. Finally, ValuEngine downgraded shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 3rd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $38.00.

NASDAQ ENSG opened at $38.45 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The Ensign Group, Inc. has a 1 year low of $20.81 and a 1 year high of $40.64. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 32.04, a P/E/G ratio of 1.48 and a beta of 0.65.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Thursday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The Ensign Group had a net margin of 3.61% and a return on equity of 15.61%. The company had revenue of $496.40 million during the quarter, compared to the consensus estimate of $496.61 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The Ensign Group’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, sell-side analysts anticipate that The Ensign Group, Inc. will post 1.71 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Sunday, September 30th will be paid a $0.045 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.18 annualized dividend and a yield of 0.47%. The Ensign Group’s dividend payout ratio is presently 15.00%.

The Ensign Group Profile

The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses in the United States. It operates through 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, including daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.

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Institutional Ownership by Quarter for The Ensign Group (NASDAQ:ENSG)

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