Bernzott Capital’s Top Detractor: Quotient Technology (QUOT)

Bernzott Capital Advisors, an investment management company, released its “US Small Cap Value Strategy’’ second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, on a net basis, the fund fell -17.73%, more than the R2000V’s decline of -15.28% and R2500V’s decline of -15.39%. Industrials and healthcare sectors contributed positively to the fund’s relative performance, whereas transportation, materials, and financials sectors hurt the fund’s performance.  In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Bernzott Capital Advisors discussed stocks like Quotient Technology Inc. (NYSE:QUOT) in the second quarter investor letter. Headquartered in Salt Lake City, Utah, Quotient Technology Inc. (NYSE:QUOT) is a digital media and advertising technology providing company. On September 8, 2022, Quotient Technology Inc. (NYSE:QUOT) stock closed at $1.8500 per share. One-month return of Quotient Technology Inc. (NYSE:QUOT) was -21.28% and its shares lost 71.45% of their value over the last 52 weeks. Quotient Technology Inc. (NYSE:QUOT) has a market capitalization of $178.319 million.

Here is what Bernzott Capital Advisors specifically said about Quotient Technology Inc. (NYSE:QUOT) in its Q2 2022 investor letter:

“Quotient Technology Inc. (NYSE:QUOT): First quarter results were negatively impacted by the pull back in promotional spending by its consumer-packaged goods advertisers due to supply chain shortages. On the positive front, an activist investor is helping drive management and other changes which should help over time.”

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Quotient Technology Inc. (NYSE:QUOT) is not on the list of 30 Most Popular Stocks Among Hedge Funds. As per our database, Quotient Technology Inc. (NYSE:QUOT) was held by 21 hedge fund portfolios at the end of the second quarter, which was 19 in the previous quarter.

We discussed Quotient Technology Inc. (NYSE:QUOT) in another article and shared the top stock picks of Andrew Wiener’s Samjo Capital. You can check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other prominent investors.

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