Should You Consider Selling Your Altra Industrial Motion Corp. (AIMC) Shares?

Wasatch Global Investors, an investment management firm, published its “Wasatch Small Cap Value Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. The Wasatch Small Cap Value Fund—Investor Class gained 6.60% in the fourth quarter of 2021 and outperformed its benchmark. For the one-year period ended December 31, 2021, the Fund gained 25.38%. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Wasatch Small Cap Value Fund, in its Q4 2021 investor letter, mentioned Altra Industrial Motion Corp. (NASDAQ: AIMC) and discussed its stance on the firm. Founded in 2004, Altra Industrial Motion Corp. is a  Braintree, Massachusetts-based machinery industry company with a $2.4 billion market capitalization, and is currently spearheaded by its CEO, Carl R. Christenson. AIMC delivered a -26.60% return since the beginning of the year, while its 12-month returns are down by -37.37%. The stock closed at $37.85 per share on March 08, 2022.

Here is what Wasatch Small Cap Value Fund has to say about Altra Industrial Motion Corp. in its Q4 2021 investor letter:

“A common theme across our key detractors was the impact of larger macro issues including inflation, supply-chain disruptions and the Omicron variant. Altra Industrial Motion Corp. (AIMC) was among those affected by supply challenges. With that said, it’s important to note that we seek balance in the portfolio through investments in companies we believe are less vulnerable to these factors.”

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Our calculations show that Altra Industrial Motion Corp. (NASDAQ: AIMC) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. AIMC was in 11 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 14 funds in the previous quarter. Altra Industrial Motion Corp. (NASDAQ: AIMC) delivered a -31.13% return in the past 3 months.

In February 2021, we also shared another hedge fund’s views on AIMC in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

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