California Public Employees Retirement System Has $33.12 Million Stock Holdings in The Ensign Group, Inc. $ENSG

California Public Employees Retirement System trimmed its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 12.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 214,719 shares of the company’s stock after selling 30,715 shares during the quarter. California Public Employees Retirement System owned 0.37% of The Ensign Group worth $33,123,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rise Advisors LLC boosted its holdings in shares of The Ensign Group by 114.0% in the 1st quarter. Rise Advisors LLC now owns 199 shares of the company’s stock valued at $26,000 after purchasing an additional 106 shares in the last quarter. WPG Advisers LLC acquired a new position in shares of The Ensign Group during the 1st quarter worth $27,000. Financial Management Professionals Inc. bought a new stake in shares of The Ensign Group during the 2nd quarter worth $28,000. Steward Partners Investment Advisory LLC boosted its stake in The Ensign Group by 638.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 229 shares of the company’s stock valued at $35,000 after buying an additional 198 shares in the last quarter. Finally, Maseco LLP acquired a new stake in The Ensign Group in the second quarter valued at about $36,000. 96.12% of the stock is currently owned by institutional investors.

The Ensign Group Trading Down 0.3%

ENSG opened at $173.58 on Thursday. The Ensign Group, Inc. has a fifty-two week low of $118.73 and a fifty-two week high of $193.99. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market capitalization of $10.05 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 1.97 and a beta of 0.85. The company’s 50 day moving average price is $180.71 and its two-hundred day moving average price is $165.49.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Monday, November 3rd. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.05. The Ensign Group had a net margin of 6.80% and a return on equity of 16.77%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the firm earned $1.39 earnings per share. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. As a group, research analysts predict that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

The Ensign Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.25 annualized dividend and a yield of 0.1%. The Ensign Group’s payout ratio is presently 4.47%.

Insider Transactions at The Ensign Group

In other news, Director Daren Shaw sold 1,000 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $178.57, for a total value of $178,570.00. Following the completion of the sale, the director owned 24,126 shares of the company’s stock, valued at approximately $4,308,179.82. This represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Barry M. Smith sold 700 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $184.27, for a total value of $128,989.00. Following the transaction, the director owned 24,352 shares of the company’s stock, valued at $4,487,343.04. This trade represents a 2.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 39,142 shares of company stock worth $7,054,077. 3.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on ENSG. Royal Bank Of Canada reissued an “outperform” rating and set a $206.00 target price (up previously from $177.00) on shares of The Ensign Group in a research note on Friday, November 14th. Stephens lifted their price target on shares of The Ensign Group from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Truist Financial increased their price objective on shares of The Ensign Group from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Monday, November 10th. Weiss Ratings restated a “buy (b)” rating on shares of The Ensign Group in a research report on Wednesday, October 8th. Finally, UBS Group reaffirmed a “buy” rating and set a $220.00 target price (up previously from $205.00) on shares of The Ensign Group in a research note on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, The Ensign Group presently has an average rating of “Moderate Buy” and a consensus price target of $196.40.

About The Ensign Group

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.