Times Square Capital Management, an equity investment management company, has released its fourth quarter “U.S. Small Cap Growth Strategy'' letter to investors. You can download a copy of the same here. The fund returned 9.15% (net) for the quarter, compared to the Russell 2000 Growth Index's return of 12.75%. For the year, the fund returned 15.96% (net), while the index returned 18.66%. Plus, check out the fund's top 5 holdings to find out the best stocks for 2023.
Times Square Capital's U.S. Small Cap Growth Strategy Q4 2023 Investor Letter featured stocks such as Adtalem Global Education (NYSE:ATGE). Adtalem Global Education Inc. (NYSE:ATGE), headquartered in Chicago, Illinois, provides workforce solutions. Adtalem Global Education Inc. (NYSE: ATGE) stock closed at $49.59 per share on March 20, 2024. Adtalem Global Education Inc. (NYSE:ATGE)'s 1-month return is his 7.43% and the company's stock has increased his 37.10% in value over the past 52 weeks. Adtalem Global Education Inc. (NYSE:ATGE) has a market capitalization of $1.943 billion.
Times Square Capital's U.S. Small Cap Growth Strategy says this about Adtalem Global Education Inc. (NYSE:ATGE) in its Q4 2023 investor letter:
“In other trades, we initiated positions Adtalem Global Education Co., Ltd. (NYSE:ATGE) provides post-secondary education, primarily focused on nursing and similar health professions such as veterinarians and physicians. The new management team, formerly DeVry Education, has sold nearly all of its former for-profit education businesses and pivoted to several areas within health care. After meeting the new team and watching the transformation over the past few years, we believe Adtalem is at an inflection point for growth in enrollment and profitability. ”
A group of students in a lecture hall. A professor is giving a lecture at the front.
Adtalem Global Education Inc. (NYSE:ATGE) isn't on our list of 30 most popular stocks among hedge funds. According to our database, at the end of the fourth quarter, Ad Talem Global Education, Inc. (NYSE: ATGE) was held by 22 hedge fund portfolios, up from 19 stocks at the prior quarter.
We covered Adtalem Global Education Inc. (NYSE:ATGE) in a separate article and shared Ariel Funds' view on the company. Additionally, for investor letters from hedge funds and other leading investors, please visit our Hedge Fund Investor Letters Q4 2023 page.
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Disclosure: None. This article was originally published on Insider Monkey.
