Have you been paying attention to shares of Ensign Group (ENSG) ? Shares have been on the move with the stock up 7.6% over the past month. The stock hit a new 52-week high of $150.81 in the previous session. Ensign Group has gained 33.8% since the start of the year compared to the 11.9% move for the Zacks Medical sector and the 30.2% return for the Zacks Medical - Nursing Homes industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn't missed ...

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. ...

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 ...

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 ...

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 Holly Heights Care and Rehabilitation, a 133-bed skilled nursing facility located in Denver, Colorado. The real estate will be acquired by a s ...

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 ...