Aristotle Capital Boston, LLC, an investment advisor, released its “Small Cap Equity Strategy” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund delivered a return of 12.12% net of fees, outperforming the 6.23% return of the Russell 2000 Index. Security selection contributed to the outperformance of the strategy in the quarter. Furthermore, the strategy benefitted from overweight allocation in Industrials and underweight exposure in Communication Services. For the calendar year, the strategy generated a ‐10.13% net of fees return compared to the Russell 2000 Index’s ‐20.44% return. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Aristotle Small Cap Equity Strategy highlighted stocks like Enhabit, Inc. (NYSE:EHAB) in its Q4 2022 investor letter. Headquartered in Dallas, Texas, Enhabit, Inc. (NYSE:EHAB) is a home health and hospice services provider. On March 24, 2023, Enhabit, Inc. (NYSE:EHAB) stock closed at $13.78 per share. One-month return of Enhabit, Inc. (NYSE:EHAB) was -11.04%, and year-to-date its shares gained 4.71% of their value. Enhabit, Inc. (NYSE:EHAB) has a market capitalization of $683.742 million.
Aristotle Small Cap Equity Strategy made the following comment about Enhabit, Inc. (NYSE:EHAB) in its Q4 2022 investor letter:
“Enhabit, Inc. (NYSE:EHAB), a provider of home health and hospice services, was added to the portfolio following its recent spinoff from Encompass Health. We initiated a position, as we believe the company should benefit from favorable demographic tailwinds, an advantageous geographic exposure and an accelerated migration of care to the home‐ setting, which should increase demand for the company’s services.”
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Enhabit, Inc. (NYSE:EHAB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 23 hedge fund portfolios held Enhabit, Inc. (NYSE:EHAB) at the end of the fourth quarter which was 29 in the previous quarter.
We discussed Enhabit, Inc. (NYSE:EHAB) in another article and shared the list of recent spin-off companies that hedge funds are piling into. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.