10 Best Russell 2000 Stocks to Invest in According to Analysts

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

Upside Potential: 22.67%

Stock Price as of January 16: $136.55

Number of Hedge Fund Investors: 31

The Ensign Group, Inc. (NASDAQ:ENSG) is a holding company that provides healthcare services and owns healthcare real estate. The company operates a network of skilled nursing, rehabilitative care, and assisted living facilities across 14 states in the United States. The company focuses on providing high-quality healthcare services tailored to the elderly and individuals with complex medical needs.

The Ensign Group, Inc. (NASDAQ:ENSG) is focused on expanding its geographic reach and increasing market density. The company recently completed nine new acquisitions in Colorado, one in Kansas, one in Iowa, and one in Nebraska. These new acquisitions have added 1,279 new skilled nursing beds and 20 senior living units in 4 states. By doing so, the company aims to cluster operations in specific markets to create synergies and leverage shared resources, leading to more efficient and effective service delivery. This strategy also allows the company to build stronger relationships with acute care partners.

The Ensign Group, Inc. (NASDAQ:ENSG) is also focusing on improving occupancy and financial performance. Furthermore, The Ensign Group, Inc. (NASDAQ:ENSG) has a robust pipeline of acquisition opportunities and remains disciplined in its approach, ensuring that each new operation aligns with its strategic goals.