Price T Rowe Associates MD Sells Over 1.1 Million Shares of The Ensign Group, in 2023.
March 19, 2023
Trending News ☀️
This transaction was a big win for Rowe and his investors as it resulted in a significant transfer of capital. It operates in the skilled nursing, assisted living, home health and hospice industries offering both facility-based and home-based services. The company has been successful in creating leading quality care with significant brand presence and strong business operations. The sale of the shares by Rowe and his firm is an important development for The Ensign Group ($NASDAQ:ENSG) and could signify an upcoming change in the company’s direction.
Investors will be closely monitoring the stock to see if there are any subsequent changes that arise from the sale. While the exact reason for the sale is unknown, it is clear that Rowe has confidence in the company’s future prospects.
Share Price
The stock opened at $88.1 and closed at $89.4, up by 3.0% from the previous closing price of 86.8. The media exposure to this news has generally been positive, with most investors feeling that the sale of the shares is a sign of a strong future for the company. It is yet to be seen how the stock market will respond to the news in the long-term, but at present it appears to be a good sign for Ensign Group. For the time being, investors can take heart from the fact that large investors are still confident in the company’s prospects and potential growth, even after several years of underperformance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ensign Group. More…
| Total Revenues | Net Income | Net Margin |
| 3.03k | 224.68 | 7.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ensign Group. More…
| Operations | Investing | Financing |
| 272.51 | -186.18 | -32.26 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ensign Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.45k | 2.2k | 22.38 |
Key Ratios Snapshot
Some of the financial key ratios for Ensign Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.1% | 32.0% | 9.9% |
| FCF Margin | ROE | ROA |
| 6.1% | 15.3% | 5.4% |
Analysis
As a GoodWhale analyst, I recently conducted an analysis of the ENSIGN GROUP‘s fundamentals. According to our Star Chart grading system, ENSIGN GROUP has been classified as a ‘gorilla’, meaning that the company has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given its strength in dividend, growth and medium in asset and profitability, ENSIGN GROUP is an attractive investment option for investors looking for a reliable long-term return. Furthermore, the company has a high health score of 8/10 with regard to its cashflows and debt, indicating that it has the necessary resources to sustain future operations in times of crisis. More…
Peers
The company has a strong focus on quality and customer satisfaction. Ensign Group Inc competes with Nova Leap Health Corp, Extendicare Inc, and Oceania Healthcare Ltd in the provision of health care services. All these companies have a strong focus on quality and customer satisfaction.
However, Ensign Group Inc has a differentiated business model that has enabled it to achieve a competitive advantage in the market.
– Nova Leap Health Corp ($TSXV:NLH)
Nova Leap Health Corp is a Canadian company that provides home health care services. The company has a market cap of 24.97M and a ROE of 1.6%. Nova Leap is a provider of home health care services that offers a wide range of services to its clients, including personal care, companionship, homemaking, and respite care. The company has a strong focus on providing quality care to its clients and has a team of experienced and qualified caregivers. Nova Leap is dedicated to providing its clients with the best possible care and service, and to making a positive difference in their lives.
– Extendicare Inc ($TSX:EXE)
Extendicare Inc is a Canadian health care provider specializing in the provision of long-term care services, retirement living accommodations, and assisted living facilities. As of December 31, 2020, the Company operated a total of 235 long-term care homes with 27,936 beds, including 206 homes and 26,268 beds in Canada and 29 homes and 1,668 beds in the United States. The Company also operated 11 retirement living communities with 2,005 units, including 10 communities and 1,959 units in Canada and one community with 46 units in the United States.
– Oceania Healthcare Ltd ($NZSE:OCA)
Oceania Healthcare Ltd focuses on providing healthcare services in New Zealand and Australia. The company has a market capitalization of 599.78 million as of 2022 and a return on equity of 5.06%. Oceania Healthcare Ltd provides services to residents in aged care, mental health, and disability sectors. The company has a strong presence in New Zealand with over 60% of its total assets located in the country.
Summary
Investing in The Ensign Group, Inc. (ENSG) has been a favorable long-term investment. This resulted in a surge in the stock price the same day. Since then, the media coverage has been mostly positive, indicating a strong outlook for the company. As such, investors can expect strong returns from investing in ENSG, with potentially more growth in the near future.
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