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 Brunswick Corporation (NYSE:BC) in the third quarter 2023 investor letter. Headquartered in Mettawa, Illinois, Brunswick Corporation (NYSE:BC) designs, manufactures, and markets recreation products. On December 22, 2023, Brunswick Corporation (NYSE:BC) stock closed at $97.89 per share. One-month return of Brunswick Corporation (NYSE:BC) was 25.05%, and its shares gained 37.02% of their value over the last 52 weeks. Brunswick Corporation (NYSE:BC) has a market capitalization of $6.736 billion.
TimesSquare Capital U.S. FOCUS Growth Strategy made the following comment about Brunswick Corporation (NYSE:BC) in its Q3 2023 investor letter:
�Brunswick Corporation (NYSE:BC) designs and manufactures recreational marine products. Its boat brands include Sea Ray, Boston Whaler, Bayliner, Lund, Crestliner, and Lund. Marine engines fall under the Mercury brand. Brunswick�s second quarter results fell short of estimates due to lost production days stemming from a cybersecurity incident, and that caused its stock to sink by -8%.�
A specialized vessel equipped with state of the art technology, sailing the seas for marine services.
Brunswick Corporation (NYSE:BC) is not on our list of�30 Most Popular Stocks Among Hedge Funds. As per our database, 28 hedge fund portfolios held Brunswick Corporation (NYSE:BC) at the end of third quarter which was 35 in the previous quarter.
We discussed Brunswick Corporation (NYSE:BC) in�another article and shared Oakmark Equity and Income Fund�s views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q3 2023�page for more investor letters from hedge funds and other leading investors.
�
Suggested Articles:
20 Best White Wines Under $50 25 Straightest Countries in the World 13 Most Promising Tech Stocks According to AnalystsDisclosure: None. This article is originally published at�Insider Monkey.
