Here’s Why Wasatch Global Investors Sold its Planet Fitness Inc. (PLNT) Position
Wasatch Global Investors, an investment management firm, published its “Wasatch Core Growth Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 5.59% was recorded by the fund for the Q1 of 2021, trailing the benchmark, Russell 2000 Index, that increased 12.70% and the Russell 2000 Growth Index that rose 4.88% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Wasatch Global Investors, in its Q1 2021 investor letter, mentioned Planet Fitness, Inc. (NYSE: PLNT), and shared their insights on the company. Planet Fitness, Inc. is a Hampton, New Hampshire-based fitness company that currently has a $6.6 billion market capitalization. Since the beginning of the year, PLNT delivered a -0.63% return, while its 12-month gains are up by 32.77%. As of May 07, 2021, the stock closed at $77.14 per share.
Should You Consider Bank OZK (OZK) As One of Your Investment Picks?
Wasatch Global Investors, an investment management firm, published its “Wasatch Core Growth Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 5.59% was recorded by the fund for the Q1 of 2021, trailing the benchmark, Russell 2000 Index, that increased 12.70% and the Russell 2000 Growth Index that rose 4.88% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Wasatch Global Investors, in its Q1 2021 investor letter, mentioned Bank OZK (NASDAQ: OZK), and shared their insights on the company. Bank OZK is a Little Rock, Arkansas-based bank company that currently has a $5.6 billion market capitalization. Since the beginning of the year, OZK delivered a 38.76% return, extending its 12-month gains to 97.86%. As of May 07, 2021, the stock closed at $43.39 per share.
CyberArk Software (CYBR) is Wasatch Core Growth Fund’s Q1 Top Detractor
Wasatch Global Investors, an investment management firm, published its “Wasatch Core Growth Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 5.59% was recorded by the fund for the Q1 of 2021, trailing the benchmark, Russell 2000 Index, that increased 12.70% and the Russell 2000 Growth Index that rose 4.88% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Wasatch Global Investors, in its Q1 2021 investor letter, mentioned CyberArk Software Ltd. (NASDAQ: CYBR), and shared their insights on the company. CyberArk Software Ltd. is a Newton, Massachusetts-based information security company that currently has a $4.7 billion market capitalization. Since the beginning of the year, CYBR delivered a -25.60% return, while its 12-month gains are up by 4.76%. As of May 07, 2021, the stock closed at $120.23 per share.
Here’s Why Guidewire Software (GWRE) Landed in Wasatch Global’s Detractor List
Wasatch Global Investors, an investment management firm, published its “Wasatch Core Growth Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 5.59% was recorded by the fund for the Q1 of 2021, trailing the benchmark, Russell 2000 Index, that increased 12.70% and the Russell 2000 Growth Index that rose 4.88% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Wasatch Global Investors, in its Q1 2021 investor letter, mentioned Guidewire Software, Inc. (NYSE: GWRE), and shared their insights on the company. Guidewire Software, Inc. is a San Mateo, California-based software company that currently has an $8.2 billion market capitalization. Since the beginning of the year, GWRE delivered a -23.33% return, while its 12-month gains are up by 1.76%. As of May 07, 2021, the stock closed at $98.70 per share.
Is Yeti Holdings (YETI) Stock a Buy For 2021?
Wasatch Core Growth Fund recently released its Q4 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 26.5% for the quarter, underperforming its benchmark, the Russell 2000 Index which returned 31.4% in the same quarter. You should check out Wasatch’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q4 2020 Investor Letter, Wasatch highlighted a few stocks and Yeti Holdings Inc. (NYSE:YETI) is one of them. Yeti Holdings Inc. (NYSE:YETI) engages in the design, marketing, and distribution of products for the outdoor and recreation market. In the last three months, Yeti Holdings Inc. (NYSE:YETI) stock gained 13.5% and on February 23rd it had a closing price of $73.41. Here is what Wasatch said: