5 Best Stocks to Invest in According to Philip Timon’s Owls Nest Partners

1. The Ensign Group, Inc. (NASDAQ: ENSG)

Timon’s Stake Value: $22,461,000
Percentage of Philip Timon’s 13F Portfolio: 13.1%
Number of Hedge Fund Holders: 13

The Ensign Group, Inc. (NASDAQ: ENSG) is a healthcare company that specializes in acute care and various ancillary companies. The company was founded in 1999 and is placed first on the list of 10 best stocks to invest in according to Philip Timon’s Owls Nest Partners. The Ensign Group, Inc. (NASDAQ: ENSG) shares have returned 51.93% to investors over the course of the past 12 months.

On August 2, Sedona Trace Health and Wellness Center, a 119-bed skilled nursing facility in Austin, TX, and Cedar Pointe Health and Wellness Center, a 122-bed skilled nursing facility in Cedar Park, TX, were acquired by The Ensign Group, Inc. (NASDAQ: ENSG). On June 18, The Ensign Group, Inc. (NASDAQ: ENSG) declared a quarterly dividend of $0.0525 per share, in line with the previous.

Philip Timon’s Owls Nest Partners holds 239,350 shares in The Ensign Group, Inc. (NASDAQ: ENSG), worth over $22 million, representing 13.1% of their portfolio. The hedge fund has trimmed stakes in the firm by 28% in the first quarter of 2021. At the end of the first quarter of 2021, 13 hedge funds in the database of Insider Monkey held stakes worth $87.84 million in The Ensign Group, Inc. (NASDAQ: ENSG), down from 19 the preceding quarter worth $114.64 million.

Wasatch Global Investors, in its first-quarter 2021 investor letter, mentioned The Ensign Group, Inc. (NASDAQ: ENSG). Here is what the fund said:

“The second-best contributor was Ensign Group, Inc. (ENSG), which operates facilities offering assisted living, nursing services, rehabilitative care, and physical, occupational and speech therapies. In our view, the company handled the Covid-19 crisis extremely well. Throughout most of the crisis, occupancy levels weren’t down as much as might have been expected. But patients did postpone many treatments. More recently, occupancy levels and treatments have experienced a resurgence. Going forward, we expect impressive comparisons to prior-period financial results and especially strong operating margins that may surprise other investors.”

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