Here’s What Makes ADTRAN Holdings (ADTN) a Great Investment Choice

Bernzott Capital Advisors, an investment management firm, published its “US Small Cap Value Fund” third-quarter 2022 investor letter – a copy of which can be downloaded here. During the third quarter of the year, the portfolio fell –9.48% (net), below the R2000V’s decline of –4.6% and the R2500V’s decline of –4.5%. Try to spare some time to check the fund’s top 5 holdings for you to have an idea about their best stock picks this 2022.

In its Q3 2022 investor letter, Bernzott Capital Advisors US Small Cap Value Fund mentioned ADTRAN Holdings, Inc. (NASDAQ:ADTN) and explained its insights for the company. Founded in 1985, ADTRAN Holdings, Inc. (NASDAQ:ADTN) is a Huntsville, Alabama-based communication company with a $1.5 billion market capitalization. ADTRAN Holdings, Inc. (NASDAQ:ADTN) delivered a -10.86% return since the beginning of the year, while its 12-month returns are down by -7.33%. The stock closed at $20.35 per share on November 23, 2022.

Here is what Bernzott Capital Advisors US Small Cap Value Fund has to say about ADTRAN Holdings, Inc. (NASDAQ:ADTN) in its Q3 2022 investor letter:

Adtran (NASDAQ:ADTN): The company reported solid quarterly results buoyed by strong demand for broadband equipment. The company is in the final innings on closing their merger with ADVA Optical which should provide added growth and cost saving opportunities going forward.”

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Our calculations show that ADTRAN Holdings, Inc. (NASDAQ:ADTN) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. ADTRAN Holdings, Inc. (NASDAQ:ADTN) was in 18 hedge fund portfolios at the end of the second quarter of 2022, compared to 20 funds in the previous quarter. ADTRAN Holdings, Inc. (NASDAQ:ADTN) delivered a -16.87% return in the past 3 months.

In (date of publication), we also shared another hedge fund’s views on ADTRAN Holdings, Inc. (NASDAQ:ADTN) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q3 page.

 

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Disclosure: None. This article is originally published at Insider Monkey.

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