In this article, we will take a look at the 9 stocks to buy according to Carson Yost’s Yost Capital Management. You can skip our detailed analysis of Yost’s history, investment philosophy, and hedge fund performance, and go directly to the 5 Stocks To Buy According To Carson Yost’s Yost Capital Management.
Serving as its portfolio manager, Carson Randolph Lee Yost is the founder and managing partner of Yost Capital Management, an investment firm based in Fort Worth, Texas. Having earned his B.A in Economics from Duke University, Carson Yost joined Luther King Capital Management in 2002, where he served as an equity analyst. He then progressed to join the Connecticut-based CR Intrinsic Investors in 2005. After a four-year tenure as the portfolio manager at the firm, Carson Yost established his own hedge fund, Yost Capital Management, in 2010.
Yost Capital Management, as an investment management fund, oversees more than $89.6 million in its portfolio. According to the most recent 13F filings, Yost Capital Management’s portfolio branches out into 5 principal sectors, with the Technology sector dominating, making up 17.0% of the fund’s total portfolio value. A majority of the companies in the fund’s portfolio are large-cap companies based in the United States, with stocks scaling up to more than $10 billion in market capitalization making up 22% of the fund’s total value.
Some of the top stocks present in the investment portfolio of Yost Capital Management at the end of the second quarter of 2021 include The Walt Disney Company (NYSE:DIS), VeriSign, Inc. (NASDAQ:VRSN) and The Charles Schwab Corporation (NYSE:SCHW), among others discussed in detail below.
Our Methodology
With this background in mind, let us now look towards the 9 stocks to buy according to Carson Yost’s Yost Capital Management. We made use of Yost Capital Management’s 13F portfolio for the second quarter for this analysis.
Why should we pay attention to Carson Yost’s stock picks? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.
Photo by Tech Daily on Unsplash
Stocks To Buy According To Carson Yost’s Yost Capital Management
9. HCI Group Inc. (NYSE:HCI)
Yost Capital Management’s Stake Value: $7.45 million
Percentage of Yost Capital Management’s 13F Portfolio: 8.32%
Number of Hedge Fund Holders: 21
HCI Group Inc. (NYSE:HCI) is a Florida-based company that engages in the property and casualty insurance, reinsurance, real estate, and information technology businesses. The company ranks ninth on our list of the 9 stocks to buy according to Carson Yost’s Yost Capital Management.
8. MoneyGram International, Inc. (NASDAQ:MGI)
Yost Capital Management’s Stake Value: $7.56 million
Percentage of Yost Capital Management’s 13F Portfolio: 8.43%
Number of Hedge Fund Holders: 24
MoneyGram International, Inc. (NASDAQ:MGI) is a Texas-based financial services company that provides peer-to-peer, cross-border fund transfers. Operating through a global network of retailer agents, post offices, banks, and financial institutions, the company ranks eighth on our list of the 9 stocks to buy according to Carson Yost’s Yost Capital Management.
As of the second quarter of 2021, Carson Yost holds 750,000 shares of the company worth $7.56 million, representing 8.43% of his hedge fund’s portfolio value. At the end of the June quarter, 24 hedge funds reported owing stakes in MoneyGram International, Inc. (NASDAQ:MGI), up from 21 hedge funds in the previous quarter.
In addition to The Walt Disney Company (NYSE:DIS), VeriSign, Inc. (NASDAQ:VRSN) and The Charles Schwab Corporation (NYSE:SCHW), MoneyGram International, Inc. (NASDAQ:MGI) is a decent stock to buy.
7. Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR)
Yost Capital Management’s Stake Value: $7.78 million
Percentage of Yost Capital Management’s 13F Portfolio: 8.68%
Number of Hedge Fund Holders: 5
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE:ASR), also known as ASUR, is an airport operator that manages nine airports in the southeastern states of Mexico.
On October 13, Citi analyst Stephen Trent raised his price target on ASUR (NYSE:ASR) to $218 from $191, and kept a Neutral rating on the shares of the company.
According to the recent 13F Filings, Carson Yost’s hedge fund holds 42,100 shares of ASUR (NYSE:ASR), amounting to more than $7.78 million in worth and accounting for 8.68% of his fund’s investment portfolio. By the end of the second quarter of 2021, 5 hedge funds out of the 873 tracked by Insider Monkey held stakes in ASUR (NYSE:ASR), worth approximately $43.7 million. This is compared to 8 hedge funds that held stakes in the company in the preceding quarter.
6. Planet Fitness, Inc. (NYSE:PLNT)
Yost Capital Management’s Stake Value: $8.4 million
Percentage of Yost Capital Management’s 13F Portfolio: 9.4%
Number of Hedge Fund Holders: 34
Planet Fitness, Inc. (NYSE:PLNT) is a New Hampshire-based operator of fitness centers throughout the United States. One of the largest fitness club franchises based on number of members and establishments, Planet Fitness, Inc. (NYSE:PLNT) comes in at sixth on our list of the 9 stocks to buy according to Carson Yost’s Yost Capital Management.
As of Q2, Yost Capital Management held 112,000 shares in Planet Fitness, Inc. (NYSE:PLNT) worth over $8.4 million and accounting for 9.4% of the fund’s 13F portfolio. Insider Monkey’s Q2 data shows that 34 out of the 873 hedge funds held stakes in the company, down from 40 in the preceding quarter.
On August 24, Morgan Stanley analyst Brian Harbour initiated coverage of Planet Fitness, Inc. (NYSE:PLNT) with an Overweight rating and $93 price target.
Besides The Walt Disney Company (NYSE:DIS), VeriSign, Inc. (NASDAQ:VRSN) and The Charles Schwab Corporation (NYSE:SCHW), Planet Fitness, Inc. (NYSE:PLNT) is a notable stock in Carson Yost’s portfolio.
In its Q1 investor letter, investment management fund Wasatch Global Investors mentioned Planet Fitness, Inc. (NYSE:PLNT). Here is what the fund said:
“At the other end of the spectrum, we completely sold our position in Planet Fitness, Inc. (PLNT) even though some speculators would consider the stock to be a reopening play. The company owns and operates a chain of fitness clubs. The stock spiked on optimism that people will return to pre-pandemic levels of exercise at group facilities. But recent earnings for Planet Fitness didn’t impress us, and we decided the stock was too expensive based on our projection for the company’s growth rate.”
Click to continue reading and see the 5 Stocks To Buy According To Carson Yost’s Yost Capital Management.
Suggested articles:
- Cathie Wood is Dumping These 15 Stocks
- 10 Top Tech Stocks to Buy Today According to Brad Gerstner’s Altimeter Capital Management
- 10 Dividend Growth Stocks to Buy
Disclosure: None. 9 Stocks To Buy According To Carson Yost’s Yost Capital Management is originally published on Insider Monkey.
