Miller Value Partners recently released its Q1 2021 Investor Letter, a copy of which you can download here. The Miller Opportunity Trust posted solid gains, with Class I up 16.67%, outperforming its benchmark, the S&P 500 Index which returned 6.17% in the same quarter. You should check out Miller Value Partners’ top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.
In the Q1 2021 Investor Letter, the fund highlighted a few stocks and Quotient Technology Inc. (NYSE:QUOT) is one of them. Quotient Technology Inc. (NYSE:QUOT) is a coupon company. In the last three months, Quotient Technology Inc. (NYSE:QUOT) stock lost 16%. Here is what the fund said:
“Quotient Technology Inc. (QUOT) took off in the first quarter gaining 74% following the announcement of 4Q results, which beat expectations. The company reported revenue of $142.5M exceeding estimates by $21.5M, but gross margins disappointed coming in at 35% versus expectations for 46%. Earnings Before Income, Taxes, Depreciation, and Amortization (EBITDA) of $17.9M still beat expectations of $14.4M. The company issued long-term revenue growth guidance of 15-20%, with a more modest guidance for 2021 of 13%.”
Miller Value Partners has been a long time Quotient Technology Inc. (NYSE:QUOT) bull. In November 2020, we shared Miller Value Partners QUOT’s thesis in this article.
Our calculations showed that Quotient Technology Inc. (NYSE:QUOT) 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.
At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 15 best innovative stocks to buy to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website:
Disclosure: None. This article is originally published at Insider Monkey.