Published on 4 Aug 2023 on Insider Monkey via Yahoo Finance
Should You Be Confident in CTS Corporation (CTS)’s Market Share Position?
The London Company, an investment management company, released “The London Company Small Cap Strategy” second quarter 2023 investor letter. A copy of the same can be downloaded here. US stocks performed well in Q2, with the majority of the gain generated in the month of June. In the second quarter, the fund returned 2.5% gross (2.3% net) during the quarter compared to a 5.2% return for the Russell 2000 Index. Both sector exposure & stock selection were headwinds in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
The London Company Small Cap Strategy highlighted stocks like CTS Corporation (NYSE:CTS) in the second quarter 2023 investor letter. Headquartered in Lisle, Illinois, CTS Corporation (NYSE:CTS) is a sensor, actuators, and connectivity components manufacturer. On August 2, 2023, CTS Corporation (NYSE:CTS) stock closed at $46.02 per share. One-month return of CTS Corporation (NYSE:CTS) was 8.60%, and its shares gained 10.99% of their value over the last 52 weeks. CTS Corporation (NYSE:CTS) has a market capitalization of $1.417 billion.
The London Company Small Cap Strategy made the following comment about CTS Corporation (NYSE:CTS) in its second quarter 2023 investor letter: