Voya Investment Management LLC reduced its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 10.5% in the 2nd quarter, HoldingsChannel reports. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ENSG. Wells Fargo & Company MN raised its holdings in The Ensign Group by 16.6% during the first quarter. Wells Fargo & Company MN now owns 301,454 shares of the company’s stock worth $7,927,000 after purchasing an additional 42,867 shares in the last quarter. SG Americas Securities LLC purchased a new position in The Ensign Group during the first quarter worth about $138,000. Schwab Charles Investment Management Inc. raised its holdings in The Ensign Group by 9.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 347,716 shares of the company’s stock worth $9,145,000 after purchasing an additional 30,481 shares in the last quarter. Northern Trust Corp raised its holdings in The Ensign Group by 3.0% during the first quarter. Northern Trust Corp now owns 778,970 shares of the company’s stock worth $20,487,000 after purchasing an additional 22,832 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in The Ensign Group by 2.3% during the first quarter. BlackRock Inc. now owns 6,297,816 shares of the company’s stock worth $165,632,000 after purchasing an additional 141,214 shares in the last quarter. 84.59% of the stock is owned by hedge funds and other institutional investors.

Shares of The Ensign Group stock opened at $38.45 on Friday. The Ensign Group, Inc. has a 12-month low of $20.81 and a 12-month high of $40.64. 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 stock 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 issued its earnings results on Thursday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ 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 analysts’ expectations of $496.61 million. During the same period last year, the company posted $0.23 earnings per share. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts predict that The Ensign Group, Inc. will post 1.71 earnings per share for the current year.

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

In other news, Director John G. Nackel sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 9th. The shares were sold at an average price of $39.00, for a total transaction of $156,000.00. Following the completion of the transaction, the director now directly owns 78,232 shares of the company’s stock, valued at approximately $3,051,048. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Christopher R. Christensen sold 21,241 shares of the firm’s stock in a transaction that occurred on 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. Over the last ninety days, insiders sold 159,149 shares of company stock valued at $6,020,000. 6.00% of the stock is currently owned by corporate insiders.

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

The Ensign Group Company 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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