Teacher Retirement System of Texas Sells 7,923 Shares of The Ensign Group, Inc. $ENSG

Teacher Retirement System of Texas trimmed its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 14.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,181 shares of the company’s stock after selling 7,923 shares during the period. Teacher Retirement System of Texas owned about 0.08% of The Ensign Group worth $8,151,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Root Financial Partners LLC purchased a new position in shares of The Ensign Group during the third quarter worth approximately $35,000. Steward Partners Investment Advisory LLC grew its holdings in shares of The Ensign Group by 638.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 229 shares of the company’s stock valued at $35,000 after purchasing an additional 198 shares during the last quarter. MAI Capital Management raised its position in The Ensign Group by 1,009.5% in the 2nd quarter. MAI Capital Management now owns 233 shares of the company’s stock worth $36,000 after purchasing an additional 212 shares during the period. Hantz Financial Services Inc. lifted its stake in The Ensign Group by 1,128.6% in the second quarter. Hantz Financial Services Inc. now owns 258 shares of the company’s stock worth $40,000 after purchasing an additional 237 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its position in The Ensign Group by 872.4% during the second quarter. SBI Securities Co. Ltd. now owns 282 shares of the company’s stock valued at $44,000 after buying an additional 253 shares during the period. Hedge funds and other institutional investors own 96.12% of the company’s stock.

The Ensign Group Trading Up 0.3%

NASDAQ ENSG opened at $175.46 on Monday. 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 quick ratio of 1.46 and a current ratio of 1.46. The stock has a 50 day simple moving average of $178.42 and a two-hundred day simple moving average of $171.57. The stock has a market cap of $10.16 billion, a P/E ratio of 31.39, a price-to-earnings-growth ratio of 1.82 and a beta of 0.86.

The Ensign Group (NASDAQ:ENSG) last posted its 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 return on equity of 16.77% and a net margin of 6.80%.The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the firm earned $1.39 earnings per share. The business’s revenue was up 19.8% compared to the same quarter last year. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. On average, analysts forecast that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

The Ensign Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Wednesday, December 31st will be given a $0.065 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.26 annualized dividend and a dividend yield of 0.1%. This is a positive change from The Ensign Group’s previous quarterly dividend of $0.06. The Ensign Group’s dividend payout ratio is 4.65%.

Analysts Set New Price Targets

Several research firms have recently commented on ENSG. Royal Bank Of Canada reiterated an “outperform” rating and issued a $206.00 price objective (up previously from $177.00) on shares of The Ensign Group in a report on Friday, November 14th. Truist Financial raised their price target on The Ensign Group from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Monday, November 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of The Ensign Group in a research report on Thursday. Stephens raised their target price on shares of The Ensign Group from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Finally, UBS Group reaffirmed a “buy” rating and issued a $220.00 target price (up 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $196.40.

Insider Activity

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $173.59, for a total transaction of $121,513.00. Following the sale, the director directly owned 23,652 shares of the company’s stock, valued at approximately $4,105,750.68. The trade was a 2.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Beverly B. Wittekind sold 2,000 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $180.00, for a total value of $360,000.00. Following the completion of the transaction, the vice president directly owned 32,779 shares of the company’s stock, valued at $5,900,220. This represents a 5.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 50,634 shares of company stock worth $9,079,891. 3.90% of the stock is owned by company insiders.

The Ensign Group Profile

The Ensign Group, Inc is a diversified provider of post-acute healthcare services in the United States, operating a network of skilled nursing, assisted living, independent living, home health and hospice care centers. The company’s model emphasizes integrated care by employing multidisciplinary teams—including nursing staff, therapists and physicians—to deliver personalized rehabilitation and long-term care services for seniors and other patients recovering from injury, illness or surgery.

Through its owned and managed centers, The Ensign Group offers a broad spectrum of rehabilitation services such as physical, occupational and speech therapy.