Here’s Why Prestige Consumer Healthcare (PBH) Came Under Pressure

Ariel Investments, an investment management company, released its “Ariel Fund” Q2 2026 investor letter. A copy of the letter can be downloaded here. Ariel Investments said its Ariel Fund returned 13.59% in the second quarter of 2026, trailing the Russell 2500 Value Index’s 18.50% gain and the Russell 2000 Value Index’s 17.19% return despite a sharp rebound in U.S. equities. The fund’s performance was supported by strength in several consumer and entertainment holdings but was offset by...