Wasatch Global Investors, an investment management firm, published its “Wasatch Core Growth Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 5.59% was recorded by the fund for the Q1 of 2021, trailing the benchmark, Russell 2000 Index, that increased 12.70% and the Russell 2000 Growth Index that rose 4.88% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Wasatch Global Investors, in its Q1 2021 investor letter, mentioned The Ensign Group, Inc. (NASDAQ: ENSG), and shared their insights on the company. The Ensign Group, Inc. is a Mission Viejo, California-based home health care services company that currently has a $4.7 billion market capitalization. Since the beginning of the year, ENSG delivered an 18.40% return, extending its 12-month gains to 130.92%. As of May 07, 2021, the stock closed at $86.34 per share.
Here is what Wasatch Global Investors has to say about The Ensign Group, Inc. in its Q1 2021 investor letter:
“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.”
Our calculations show that The Ensign Group, Inc. (NASDAQ: ENSG) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, The Ensign Group, Inc. was in 19 hedge fund portfolios. ENSG delivered a 3.01% return in the past 3 months.
The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
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