Teachers Retirement System of The State of Kentucky Acquires 25,383 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Teachers Retirement System of The State of Kentucky lifted its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 59.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,437 shares of the company’s stock after buying an additional 25,383 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.12% of The Ensign Group worth $9,843,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. CWM LLC boosted its holdings in The Ensign Group by 16.2% in the third quarter. CWM LLC now owns 508 shares of the company’s stock worth $73,000 after acquiring an additional 71 shares in the last quarter. Miller Howard Investments Inc. NY boosted its stake in The Ensign Group by 2.4% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 3,018 shares of the company’s stock worth $373,000 after purchasing an additional 72 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in The Ensign Group by 0.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,908 shares of the company’s stock worth $982,000 after purchasing an additional 72 shares in the last quarter. Blue Trust Inc. grew its position in The Ensign Group by 21.2% during the 2nd quarter. Blue Trust Inc. now owns 429 shares of the company’s stock valued at $53,000 after purchasing an additional 75 shares during the last quarter. Finally, Harfst & Associates Inc. increased its stake in The Ensign Group by 0.7% during the 2nd quarter. Harfst & Associates Inc. now owns 12,221 shares of the company’s stock valued at $1,512,000 after purchasing an additional 89 shares in the last quarter. 96.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other The Ensign Group news, CEO Barry Port sold 2,000 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $155.00, for a total transaction of $310,000.00. Following the completion of the sale, the chief executive officer now owns 53,716 shares of the company’s stock, valued at approximately $8,325,980. The trade was a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.90% of the stock is currently owned by insiders.

The Ensign Group Trading Down 0.3 %

NASDAQ:ENSG opened at $142.89 on Thursday. The company has a market cap of $8.19 billion, a PE ratio of 34.60, a price-to-earnings-growth ratio of 1.91 and a beta of 0.92. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.08. The company has a 50 day simple moving average of $147.58 and a two-hundred day simple moving average of $140.35. The Ensign Group, Inc. has a 12 month low of $107.28 and a 12 month high of $158.45.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. The Ensign Group had a return on equity of 17.21% and a net margin of 5.84%. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the business posted $1.10 EPS. Research analysts forecast that The Ensign Group, Inc. will post 5.02 earnings per share for the current year.

The Ensign Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend was Monday, September 30th. The Ensign Group’s dividend payout ratio (DPR) is presently 5.81%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. UBS Group initiated coverage on shares of The Ensign Group in a research note on Thursday, November 21st. They issued a “buy” rating and a $175.00 target price on the stock. Oppenheimer upped their price objective on The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Truist Financial lifted their target price on The Ensign Group from $160.00 to $170.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Royal Bank of Canada boosted their price target on The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Finally, Stephens increased their price objective on The Ensign Group from $163.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $164.33.

The Ensign Group Company Profile

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.