Ariel Investments, an investment management firm, published its “Ariel Fund”, “Ariel Appreciation Fund”, “Ariel Focus Fund”, “Ariel International Fund”, and “Ariel Global Fund” second-quarter 2021 investor letter – a copy of which can be downloaded here. A return of 5.52% was recorded by Ariel Fund for the second quarter of 2021, 4.8% by Ariel Appreciation Fund, 4.0% by Ariel Focus Fund, 5.3% by Ariel International Fund, and 6.2% by Ariel Global Fund for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
In the Q2 2021 Investor Letter, the fund highlighted a few stocks and Team Inc (NYSE:TISI) is one of them. Team Inc (NYSE:TISI) is an engineering services company. In the last three months, Team Inc (NYSE:TISI) stock lost 57%. Here is what the fund said:
“Team Inc. (TISI) was our largest detractor in the quarter declining -41.89%. Winter storms across the Midwest and Gulf Coast, as well as COVID-19 related operational disruptions in international markets weighed on shares. Although the company struggled to stabilize and grow revenue in the period, TISI delivered disciplined cost reduction actions. Moreover, management stated activity levels for client operations improved significantly in March and April with the momentum continuing into May. As patient, long-term investors, we view the risk/reward at current levels to be extremely favorable with TISI trading 64% below our estimate of private market value.”
Photo by S O C I A L . C U T on Unsplash
In May, we published an article revealing that Team Inc (NYSE:TISI) was one of the 10 best cheap stocks to buy according to billionaire Mario Gabelli.
Our calculations showed that Team Inc (NYSE:TISI) isn’t ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
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Disclosure: None. This article is originally published at Insider Monkey.
