Shares of The Ensign Group, Inc. (ENSG) have gained 50.4% in the past year compared with the industry's 50.1% growth. The Medical sector and the S&P 500 composite index grew 11% and 27.2%, respectively, in the same time frame. With a market capitalization of $8.4 billion, the average volume of shares traded in the last three months was 0.4 million. An extensive healthcare network, acquisitions of healthcare facilities and a notable financial position continue to drive Ensign Group. An optimistic 2024 busine ...

Core Viewpoint - Fairfax Financial Holdings Limited has acquired additional shares of Ensign Energy Services Inc., increasing its ownership stake in the company to approximately 18.19% [1][2]. Group 1: Share Purchase Details - Fairfax acquired 271,100 common shares of Ensign at a price of C$2.4238 per share, totaling approximately C$657,092.18 [1]. - The recent purchase represents about 0.15% of Ensign's issued and outstanding common shares [2]. Group 2: Ownership and Future Intentions - Following the acquisition, Fairfax's total holdings in Ensign amount to 33,406,386 common shares, up from 33,135,286 shares prior to the purchase [2]. - The shares are acquired for investment purposes, and Fairfax may engage with Ensign's management regarding various transactions and may continue to trade or hold the securities based on market conditions and other factors [3]. Group 3: Regulatory Compliance - An early warning report will be filed by Fairfax in accordance with applicable securities laws, available on SEDAR+ [4]. - Fairfax operates primarily in property and casualty insurance and reinsurance, along with investment management through its subsidiaries [5].

Market Overview - The stock market is currently experiencing a rotation, with traders shifting capital from aggressive growth and technology sectors to seek safety in other areas, particularly healthcare [1] - Healthcare is benefiting from this shift as medical care demand remains consistent regardless of economic conditions, and the aging population in America is expected to increase healthcare spending over time [1] Valuation Concerns - Despite the long-term positive outlook for healthcare, valuations in the sector are becoming excessive, especially with the upcoming presidential election potentially leading to significant regulatory changes [2] Ensign Group (ENSG) - Ensign Group provides skilled nursing, senior living, and rehabilitative services, and has expanded its market presence beyond California [3] - The stock has increased over 40% in the past year, reaching more than 25 times forward earnings, which is considered high for skilled nursing stocks that typically trade at lower multiples due to various risks [4][5] Eli Lilly (LLY) - Eli Lilly is a major pharmaceutical company known for its cancer and immunology drugs, with recent success attributed to its weight-loss drugs, leading to a significant revenue increase from $25 billion in 2020 to an estimated $43 billion in 2024 [6][8] - The stock has surged approximately 70% in the past year and over 600% in the last five years, resulting in a valuation of 55 times forward earnings, which is viewed as unsustainable [8][9] McKesson (MCK) - McKesson is a leading drug distribution firm in the U.S., benefiting from the growth of GLP-1 drugs, but faces challenges due to potential regulatory changes aimed at lowering drug costs [10][11] - The stock has risen 45% in the past year, exceeding fair value estimates, with analysts suggesting a target price of $460 per share compared to its current price of $615 [12]

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style ...

SAN JUAN CAPISTRANO, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the EnsignTM group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies, other rehabilitative and healthcare services, and real estate, announced today that it acquired the real estate and operations of Greater Southside Health and Rehabilitation, an 76-bed skilled nursing facility located in Des Moines, Iowa. ...

Core Insights - The Ensign Group, Inc. has acquired the operations of City Park Healthcare and Rehabilitation Center, a 125-bed skilled nursing facility in Denver, Colorado, effective August 1, 2024, under a long-term, triple net lease [1] - The company also announced the acquisition of Greater Southside Health and Rehabilitation, a 76-bed facility in Des Moines, Iowa, and Holly Heights Care and Rehabilitation, a 133-bed facility in Denver, Colorado, all effective August 1, 2024 [3] - Following these acquisitions, Ensign's portfolio expands to 315 healthcare operations across 14 states, with 29 of these also including senior living operations [4] Company Strategy - Ensign's CEO, Barry Port, expressed excitement about the growth in Colorado, highlighting the company's established clinical reputation over the past 15 years [2] - The company is actively seeking opportunities to acquire real estate and lease both well-performing and struggling skilled nursing and senior living facilities throughout the United States [4] - Ensign's subsidiaries, including Standard Bearer, currently own 122 real estate assets [4] Operational Overview - The Ensign Group operates a broad spectrum of skilled nursing and senior living services, as well as various rehabilitative and healthcare services across 315 facilities in multiple states [5]

SAN JUAN CAPISTRANO, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the EnsignTM group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies, other rehabilitative and healthcare services, and real estate, announced today that it acquired the operations of City Park Healthcare and Rehabilitation Center, a 125-bed skilled nursing facility located in Denver, Colorado. This acquisi ...

Shares of The Ensign Group, Inc. (ENSG) gained 7.2% since it reported second-quarter 2024 results on Jul 25, 2024. Strong quarterly results benefited from improved occupancy, skilled mix days, and higher skilled service revenues. However, declining cash flow from operations and a rise in overall expenses acted as a partial offset. ENSG reported a second-quarter 2024 adjusted earnings per share (EPS) of $1.32, which beat the Zacks Consensus Estimate by 2.3%. The bottom line increased 13.8% year over year. Q2 ...

This quarterly report represents an earnings surprise of 2.33%. A quarter ago, it was expected that this provider of nursing and rehabilitative care services would post earnings of $1.29 per share when it actually produced earnings of $1.30, delivering a surprise of 0.78%. Ensign Group shares have added about 21.7% since the beginning of the year versus the S&P 500's gain of 13.8%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's ...

| --- | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------|-------|----------------|-------|-----------------------| | ASSETS | June | 30, 2024 | | December 31, 2023 | | Current assets: | | | | | | Cash and cash equivalents Accounts receivable—less allowance for doubtful accounts of $9,460 and $9,348 at | $ | 477,336 | $ | 509,626 | | June 30, 2024 and December 31, 2023, respectively | | 547,121 | ...