TimesSquare Capital Management, an equity investment management company, released its �U.S. FOCUS Growth Strategy� third-quarter investor letter. A copy of the same can be�downloaded here. In the third quarter, the strategy returned -2.04% (gross) and -2.29% (net) compared to...
TimesSquare Capital Management, an equity investment management company, released its �U.S. FOCUS Growth Strategy� third-quarter investor letter. A copy of the same can be�downloaded here. In the third quarter, the strategy returned -2.04% (gross) and -2.29% (net) compared to -5.22% for the Russell Midcap Growth Index. This quarter�s best-performing small-to-mid-cap growth stocks have lower betas or higher returns on equity. Those with exorbitant prices (as measured by price/earnings) or a lack of near-term earnings fell out of favor. In addition, please check the fund�s top five holdings to know its best picks in 2023.
TimesSquare Capital U.S. FOCUS Growth Strategy highlighted stocks like Chemed Corporation (NYSE:CHE) in the third quarter 2023 investor letter. Headquartered in Cincinnati, Ohio, Chemed Corporation (NYSE:CHE) offers hospice and palliative care services. On December 22, 2023, Chemed Corporation (NYSE:CHE) stock closed at $593.00 per share. One-month return of Chemed Corporation (NYSE:CHE) was 2.26%, and its shares gained 14.88% of their value over the last 52 weeks. Chemed Corporation (NYSE:CHE) has a market capitalization of $8.899 billion.
TimesSquare Capital U.S. FOCUS Growth Strategy made the following comment about Chemed Corporation (NYSE:CHE) in its Q3 2023 investor letter:
�Chemed Corporation (NYSE:CHE) operates in two segments. VITAS provides hospice and palliative care services. Roto-Rooter offers plumbing, drain cleaning, and other related services. While VITAS continues to improve, Roto-Rooter experienced softening demand and that led to a reduction in forward guidance as well as a -4% decline in its shares. We added to the position on this pullback.�
A nurse providing hospice care in a home setting, reassuring a patient�s family members.
Chemed Corporation (NYSE:CHE) is not on our list of�30 Most Popular Stocks Among Hedge Funds. As per our database, 27 hedge fund portfolios held Chemed Corporation (NYSE:CHE) at the end of third quarter which was 25 in the previous quarter.
We discussed Chemed Corporation (NYSE:CHE) in�another article and shared the list of biggest plumbing supply companies in the world. In addition, please check out our hedge fund investor letters Q3 2023�page for more investor letters from hedge funds and other leading investors.
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