Published on 21 Mar 2023 on Insider Monkey via Yahoo Finance
Here’s Why Altra Industrial Motion Corp. (AIMC) Shares Sky-Rocketed in Q4
Wasatch Global Investors, an asset management company, released its “Wasatch Small Cap Core Growth Strategy” fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the strategy outperformed its benchmark index, the Russell 2000 Growth which gained 4.13%. The Russell 2000 Index rose 6.23% in the same period. The stock price strength of healthcare holdings led to the outperformance of the strategy in the quarter relative to the benchmark. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Wasatch Small Cap Core Growth Strategy highlighted stocks like Altra Industrial Motion Corp. (NASDAQ:AIMC) in the Q4 2022 investor letter. Headquartered in Braintree, Massachusetts, Altra Industrial Motion Corp. (NASDAQ:AIMC) designs and produces electromechanical power transmission motion control products. On March 20, 2023, Altra Industrial Motion Corp. (NASDAQ:AIMC) stock closed at $61.11 per share. One-month return of Altra Industrial Motion Corp. (NASDAQ:AIMC) was -0.67%, and its shares gained 50.48% of their value over the last 52 weeks. Altra Industrial Motion Corp. (NASDAQ:AIMC) has a market capitalization of $3.994 billion.
Wasatch Small Cap Core Growth Strategy made the following comment about Altra Industrial Motion Corp. (NASDAQ:AIMC) in its Q4 2022 investor letter: