Published on 19 Jul 2023 on Insider Monkey via Yahoo Finance
Miller Value Partners, an investment management company, released its “Deep Value Strategy” second-quarter 2023 investor letter. A copy of the same can be downloaded here. In the second quarter, the Deep Value Strategy was down 2% net-of-fees lagging behind the overall market and the S&P 1500 Value Index. Lower valuation and smaller cap stocks trailed the overall equity market from March to May. The firm also witnessed significant valuation compression in its holdings. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Miller Value Deep Value Strategy highlighted stocks like Quad/Graphics, Inc. (NYSE:QUAD) in the second quarter 2023 investor letter. Headquartered in Sussex, Wisconsin, Quad/Graphics, Inc. (NYSE:QUAD) is a marketing solutions provider. On July 18, 2023, Quad/Graphics, Inc. (NYSE:QUAD) stock closed at $5.22 per share. One-month return of Quad/Graphics, Inc. (NYSE:QUAD) was 45.40%, and its shares gained 77.55% of their value over the last 52 weeks. Quad/Graphics, Inc. (NYSE:QUAD) has a market capitalization of $275.146 million.
Miller Value Deep Value Strategy made the following comment about Quad/Graphics, Inc. (NYSE:QUAD) in its second quarter 2023 investor letter: