Published on 19 Oct 2023 on Insider Monkey via Yahoo Finance
Should You Hold Agiliti (AGTI)?
Fred Alger Management, an investment management company, released its “Alger Weatherbie Specialized Growth Fund” third quarter 2023 investor letter. A copy of the same can be downloaded here. During the quarter, Class A shares of the fund underperformed the Russell 2500 Growth Index. Healthcare and industrials were the largest sector weightings during the quarter. The financials and consumer discretionary were the leading relative performance contributors while healthcare and energy detracted. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Alger Weatherbie Specialized Growth Fund highlighted stocks like Agiliti, Inc. (NYSE:AGTI) in the third quarter 2023 investor letter. Headquartered in Eden Prairie, Minnesota, Agiliti, Inc. (NYSE:AGTI) provides healthcare technology management and service solutions. On October 18, 2023, Agiliti, Inc. (NYSE:AGTI) stock closed at $5.25 per share. One-month return of Agiliti, Inc. (NYSE:AGTI) was -22.34%, and its shares lost 70.19% of their value over the last 52 weeks. Agiliti, Inc. (NYSE:AGTI) has a market capitalization of $709.06 million.
Alger Weatherbie Specialized Growth Fund made the following comment about Agiliti, Inc. (NYSE:AGTI) in its Q3 2023 investor letter: