Miller Value Partners recently released its Q2 2021 Investor Letter, a copy of which you can download here. The Miller Opportunity Trust Class I gained 4.18%, underperforming its benchmark, the S&P 500 Index which returned 8.55% 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 Q2 2021 Investor Letter, the fund highlighted a few stocks and Quotient Technology Inc. (NYSE:QUOT) is one of them. Quotient Technology Inc. (NYSE:QUOT) provides digital marketing platform that offers digital coupons and media solutions. In the last three months, Quotient Technology Inc. (NYSE:QUOT) stock lost 45%. Here is what the fund said:
“Quotient Technologies Inc. (QUOT) fell -33.90% over the period after reporting first quarter results. The company reported revenue of $115.3M ahead of consensus of $110.7M and EBITDA of $6.84M beating consensus of $6.11M. The company raised full year guidance on revenue to $505-$525M with the midpoint ($515M) coming in below consensus of $518M, and EBITDA of $50-$65M with the midpoint ($57.50M) coming in below consensus of $61M.”
In Q1 2021, the number of bullish hedge fund positions on Quotient Technology Inc. (NYSE:QUOT) stock increased by about 32% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in QUOT’s growth potential. 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 leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks 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 homepage.
Disclosure: None. This article is originally published at Insider Monkey.