Investment advisor Aristotle Capital Boston, LLC has released its Investor Letter for Q3 2022 “Small/Mid Cap Equity”. A copy of the same can be downloaded here. After fees, the fund returned -4.67% in the third quarter compared to a -2.82% return for the Russell 2500 Index. Holdings in financials, telecommunications services, and materials contributed positively to the fund’s performance, while the healthcare, information technology, and energy sectors were the main detractors. Plus, check out the fund’s top 5 holdings to discover our best picks for 2022.
Aristotle Capital highlighted stocks such as NCR Corporation (NYSE:NCR) in its Q3 2022 investor letter. Headquartered in Atlanta, Georgia, NCR Corporation (NYSE:NCR) is a software and services provider. On November 23, 2022, NCR Corporation (NYSE: NCR) stock closed at $23.08 per share. His one-month return for NCR Corporation (NYSE: NCR) was 12.20% of his, and the company’s stock has lost 46.30% in value over the past 52 weeks. NCR Corporation (NYSE:NCR) has a market capitalization of $3,171 million.
Aristotle Capital made the following comments about NCR Corporation (NYSE:NCR) in its Q3 2022 investor letter:
“NCR Corporation The enterprise technology company (NYSE:NCR), which provides software and hardware to the financial, retail and restaurant/hospitality industries, has announced that its board of directors has approved the company’s split into two publicly traded companies. I accepted and declined. Shareholder value as opposed to an outright sale favored by the market. We maintain our position as we believe two separate companies need to drive more focus and expertise to their respective market opportunities. Additionally, we believe the demand for POS terminals, self-checkout, digital payments, and automated billing and accounting services will provide a tailwind for the company moving forward. ”
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NCR Corporation (NYSE:NCR) isn’t on the list of the 30 most popular hedge funds. According to our database, 49 hedge fund portfolios held NCR Corporation (NYSE: NCR) at the end of the third quarter, up from 47 last quarter.
We covered NCR Corporation (NYSE: NCR) in a separate article, sharing shares that billionaire Ray Dalio dumped from his portfolio. , see the Hedge Fund Investor Letter Q3 2022 page.
Disclosure: None. This article was originally published on Insider Monkey.