Kestrel Investment Management Stake In The Ensign Group (ENSG) Was Has Boosted; Hansberger Growth Investors LP Has Decreased Stake in Manulife Financial (MFC) by $2.39 Million as Market Value Declined

December 8, 2017 - By Marie Mckinney

Kestrel Investment Management Corp increased its stake in The Ensign Group (ENSG) by 89.23% based on its latest 2017Q2 regulatory filing with the SEC. Kestrel Investment Management Corp bought 166,316 shares as the company’s stock rose 2.87% with the market. The institutional investor held 352,700 shares of the health care company at the end of 2017Q2, valued at $7.68M, up from 186,384 at the end of the previous reported quarter. Kestrel Investment Management Corp who had been investing in The Ensign Group for a number of months, seems to be bullish on the $1.17B market cap company. The stock increased 0.88% or $0.2 during the last trading session, reaching $22.85. About 160,542 shares traded or 2.52% up from the average. The Ensign Group, Inc. (NASDAQ:ENSG) has declined 7.08% since December 8, 2016 and is downtrending. It has underperformed by 23.78% the S&P500.

Hansberger Growth Investors Lp decreased its stake in Manulife Financial Corporation (MFC) by 22.33% based on its latest 2017Q2 regulatory filing with the SEC. Hansberger Growth Investors Lp sold 132,891 shares as the company’s stock declined 8.13% while stock markets rallied. The institutional investor held 462,116 shares of the life insurance company at the end of 2017Q2, valued at $8.67M, down from 595,007 at the end of the previous reported quarter. Hansberger Growth Investors Lp who had been investing in Manulife Financial Corporation for a number of months, seems to be less bullish one the $41.69B market cap company. The stock increased 0.24% or $0.05 during the last trading session, reaching $20.91. About 1.15M shares traded. Manulife Financial Corporation (NYSE:MFC) has risen 24.00% since December 8, 2016 and is uptrending. It has outperformed by 7.30% the S&P500.

Among 7 analysts covering Ensign Group (NASDAQ:ENSG), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Ensign Group has $58 highest and $21.0 lowest target. $26.75’s average target is 17.07% above currents $22.85 stock price. Ensign Group had 16 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, November 6 by RBC Capital Markets. The stock has “Outperform” rating by RBC Capital Markets on Thursday, May 12. RBC Capital Markets maintained The Ensign Group, Inc. (NASDAQ:ENSG) on Monday, July 31 with “Buy” rating. JMP Securities downgraded The Ensign Group, Inc. (NASDAQ:ENSG) on Wednesday, January 4 to “Mkt Underperform” rating. The firm has “Outperform” rating given on Wednesday, August 5 by Oppenheimer. The firm has “Buy” rating by RBC Capital Markets given on Monday, October 2. The firm has “Buy” rating by Cantor Fitzgerald given on Thursday, November 9. The stock of The Ensign Group, Inc. (NASDAQ:ENSG) has “Buy” rating given on Thursday, August 3 by Oppenheimer. SunTrust maintained The Ensign Group, Inc. (NASDAQ:ENSG) rating on Thursday, August 4. SunTrust has “Buy” rating and $24 target. RBC Capital Markets maintained it with “Buy” rating and $21.0 target in Friday, September 1 report.

Since June 13, 2017, it had 0 buys, and 2 selling transactions for $8,525 activity. Snapper Suzanne D. had sold 181 shares worth $3,665.

Investors sentiment increased to 1.56 in Q2 2017. Its up 0.24, from 1.32 in 2017Q1. It improved, as 13 investors sold ENSG shares while 39 reduced holdings. 21 funds opened positions while 60 raised stakes. 40.87 million shares or 0.08% less from 40.90 million shares in 2017Q1 were reported. Goldman Sachs Inc invested in 23,787 shares or 0% of the stock. Swiss Comml Bank stated it has 0% in The Ensign Group, Inc. (NASDAQ:ENSG). Dimensional Fund LP holds 0.02% in The Ensign Group, Inc. (NASDAQ:ENSG) or 2.19 million shares. Schafer Cullen Management holds 0% in The Ensign Group, Inc. (NASDAQ:ENSG) or 15,210 shares. Pacific Ridge Cap Prtn Limited Liability holds 45,370 shares. Blackrock invested in 5.95 million shares. Us Bank & Trust De reported 0% of its portfolio in The Ensign Group, Inc. (NASDAQ:ENSG). Moreover, Hgk Asset Mgmt Incorporated has 0.07% invested in The Ensign Group, Inc. (NASDAQ:ENSG) for 21,336 shares. Manufacturers Life Insur The reported 0% of its portfolio in The Ensign Group, Inc. (NASDAQ:ENSG). Cap Impact Advsrs Lc holds 0.43% of its portfolio in The Ensign Group, Inc. (NASDAQ:ENSG) for 42,999 shares. Credit Agricole S A owns 123,948 shares for 0.01% of their portfolio. Hawk Ridge Management Lp holds 4.57% or 530,433 shares. Heartland Advisors has invested 0.42% in The Ensign Group, Inc. (NASDAQ:ENSG). Boston Advsrs Ltd Com holds 0.02% or 38,755 shares. California State Teachers Retirement Sys accumulated 85,360 shares.

More notable recent The Ensign Group, Inc. (NASDAQ:ENSG) news were published by: Nasdaq.com which released: “The Ensign Group, Inc. Increases Quarterly Dividend to $0.045 Per Share” on December 07, 2017, also Globenewswire.com with their article: “The Ensign Group Acquires Home Health and Hospice Operations in Oklahoma City …” published on November 07, 2017, Globenewswire.com published: “The Ensign Group Acquires Hospice Operations in Southern Nevada” on September 28, 2017. More interesting news about The Ensign Group, Inc. (NASDAQ:ENSG) were released by: Globenewswire.com and their article: “The Ensign Group Acquires Texas and Wisconsin Assisted Living Facilities” published on June 27, 2017 as well as Globenewswire.com‘s news article titled: “The Ensign Group to Present at the Stifel 2017 Healthcare Conference Today …” with publication date: November 14, 2017.

Kestrel Investment Management Corp, which manages about $836.08 million and $270.33M US Long portfolio, decreased its stake in Advansix Inc by 21,600 shares to 417,825 shares, valued at $13.05 million in 2017Q2, according to the filing. It also reduced its holding in Select Comfort Corp (NASDAQ:SCSS) by 15,100 shares in the quarter, leaving it with 256,150 shares, and cut its stake in Generac Holdings Inc (NYSE:GNRC).

Among 6 analysts covering Manulife Financial Corp. (NYSE:MFC), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Manulife Financial Corp. had 10 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, August 7 by RBC Capital Markets. Dundee Securities initiated the shares of MFC in report on Wednesday, September 21 with “Buy” rating. The stock of Manulife Financial Corporation (NYSE:MFC) earned “Buy” rating by Bank of America on Wednesday, August 24. The firm has “Outperform” rating given on Friday, November 13 by RBC Capital Markets. IBC downgraded the stock to “Sector Perform” rating in Thursday, August 4 report. The firm earned “Buy” rating on Friday, August 7 by TD Securities. Morgan Stanley maintained it with “Equal-Weight” rating and $28 target in Monday, November 13 report. As per Thursday, October 5, the company rating was maintained by Morgan Stanley.

Analysts await Manulife Financial Corporation (NYSE:MFC) to report earnings on February, 8. They expect $0.46 EPS, down 2.13% or $0.01 from last year’s $0.47 per share. MFC’s profit will be $917.18 million for 11.36 P/E if the $0.46 EPS becomes a reality. After $0.43 actual EPS reported by Manulife Financial Corporation for the previous quarter, Wall Street now forecasts 6.98% EPS growth.

Hansberger Growth Investors Lp, which manages about $2.32B and $73.37M US Long portfolio, upped its stake in Novo Nordisk A/S (NYSE:NVO) by 7,353 shares to 40,050 shares, valued at $1.72 million in 2017Q2, according to the filing.

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