The Ensign Group, Inc. (ENSG) Stake Boosted by Kestrel Investment Management Corp
Kestrel Investment Management Corp increased its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 89.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 352,700 shares of the company’s stock after buying an additional 166,316 shares during the period. The Ensign Group accounts for about 2.8% of Kestrel Investment Management Corp’s holdings, making the stock its 15th largest position. Kestrel Investment Management Corp owned approximately 0.70% of The Ensign Group worth $7,678,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its stake in The Ensign Group by 7.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 7,494 shares of the company’s stock worth $163,000 after buying an additional 526 shares during the last quarter. Principal Financial Group Inc. increased its stake in The Ensign Group by 0.7% in the second quarter. Principal Financial Group Inc. now owns 377,139 shares of the company’s stock worth $8,210,000 after buying an additional 2,479 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in The Ensign Group during the second quarter worth $388,000. Bridge City Capital LLC bought a new stake in The Ensign Group during the second quarter worth $2,644,000. Finally, Victory Capital Management Inc. increased its stake in The Ensign Group by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,156 shares of the company’s stock worth $156,000 after buying an additional 1,072 shares during the last quarter. 84.20% of the stock is owned by institutional investors and hedge funds.
Shares of The Ensign Group, Inc. (NASDAQ:ENSG) traded down 0.34% during trading on Friday, reaching $20.47. The company had a trading volume of 13,397 shares. The stock has a 50 day moving average price of $20.92 and a 200 day moving average price of $19.68. The Ensign Group, Inc. has a 12 month low of $16.50 and a 12 month high of $23.35. The firm has a market capitalization of $1.04 billion, a PE ratio of 23.83 and a beta of 0.84.
A number of research firms have recently weighed in on ENSG. TheStreet raised shares of The Ensign Group from a “c+” rating to a “b” rating in a research report on Monday, August 7th. Zacks Investment Research downgraded shares of The Ensign Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, BidaskClub downgraded shares of The Ensign Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 6th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.00.
In other The Ensign Group news, VP Barry Port sold 10,000 shares of The Ensign Group stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $23.00, for a total value of $230,000.00. Following the transaction, the vice president now directly owns 135,642 shares of the company’s stock, valued at approximately $3,119,766. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 11,539 shares of company stock worth $263,781. Company insiders own 6.20% of the company’s stock.
The Ensign Group Company Profile
The Ensign Group, Inc, through its operating subsidiaries, provides healthcare services across the post-acute care continuum, as well as other ancillary businesses located in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Texas, Utah, Washington and Wisconsin.
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