Latest news with #RiverRoadMidCapValueFund
Yahoo
02-04-2025
- Business
- Yahoo
Here's What Lifted Talen Energy Corporation (TLN) in Q4
River Road Asset Management, an investment management company released its 'River Road Mid Cap Value Fund' Q4 2024 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, AMG River Road Small Cap Value Fund (Class N) returned 2.97% compared to -1.75% returns for the Russell MidCap Value Index. For the year 2024, the fund returned 13.56%, compared to Index return of 13.07%. Stocks rallied in November after a Republican victory but declined sharply following hawkish Fed comments. Shorter duration stocks, including small caps and value, lost most of their post-election gains by the end of December. For more information on the fund's best picks in 2024, please check its top five holdings. In its fourth quarter 2024 investor letter, River Road Mid Cap Value Fund emphasized stocks such as Talen Energy Corporation (NASDAQ:TLN). Talen Energy Corporation (NASDAQ:TLN) is an independent power producer and infrastructure company. The one-month return Talen Energy Corporation (NASDAQ:TLN) was 4.85%, and its shares gained 120.92% of their value over the last 52 weeks. On April 1, 2025, Talen Energy Corporation (NASDAQ:TLN) stock closed at $207.44 per share with a market capitalization of $9.441 billion. River Road Mid Cap Value Fund stated the following regarding Talen Energy Corporation (NASDAQ:TLN) in its Q4 2024 investor letter: "Another top contributor was Talen Energy Corporation (NASDAQ:TLN), a leading independent power producer. TLN boasts a diverse 10.7 GW generation portfolio spanning nuclear (48%), natural gas (41%), and coal (11%) assets across the PJM (northeastern states) and WECC (western regions). The electrical grid faces mounting pressure from rapidly escalating demand, fueled by transformative technologies like artificial intelligence (AI). Consequently, the price of clean and reliable nuclear power is expected to increase significantly. TLN's crown jewel, the Susquehanna nuclear facility, enjoys dual advantages: a tax credit safeguarding its cash flow downside and upside cash flow potential as power prices respond to new agreements. These benefits are exemplified by TLN's recent contract with Amazon® and Constellation Energy Group's (CEG) plans to reactivate Three Mile Island to meet Microsoft's® demand. Talen Energy Corporation (NASDAQ:TLN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 77 hedge fund portfolios held Talen Energy Corporation (NASDAQ:TLN) at the end of the fourth quarter compared to 68 in the third quarter. While we acknowledge the potential of Talen Energy Corporation (NASDAQ:TLN) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. We covered Talen Energy Corporation (NASDAQ:TLN) in another article, where we shared the list of best alternative energy stocks to buy. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
02-04-2025
- Business
- Yahoo
Here's What Makes CACI International Inc (CACI) a Compelling Investment
River Road Asset Management, an investment management company released its 'River Road Mid Cap Value Fund' Q4 2024 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, AMG River Road Small Cap Value Fund (Class N) returned 2.97% compared to -1.75% returns for the Russell MidCap Value Index. For the year 2024, the fund returned 13.56%, compared to Index return of 13.07%. Stocks rallied in November after a Republican victory but declined sharply following hawkish Fed comments. Shorter duration stocks, including small caps and value, lost most of their post-election gains by the end of December. For more information on the fund's best picks in 2024, please check its top five holdings. In its fourth quarter 2024 investor letter, River Road Mid Cap Value Fund emphasized stocks such as CACI International Inc (NYSE:CACI). CACI International Inc (NYSE:CACI) provides expertise and technology to enterprise and mission customers in support of national security in the intelligence, defense, and federal civilian sectors. The one-month return of CACI International Inc (NYSE:CACI) was 1.94%, and its shares gained 0.03% of their value over the last 52 weeks. On April 1, 2025, CACI International Inc (NYSE:CACI) stock closed at $369.90 per share with a market capitalization of $8.293 billion. River Road Mid Cap Value Fund stated the following regarding CACI International Inc (NYSE:CACI) in its Q4 2024 investor letter: "The largest new position added during the quarter was CACI International Inc (NYSE:CACI). CACI International Inc. (Cl A) (CACI) is a leading provider of expertise and technology services supporting national security missions and government modernization for intelligence, defense, and federal civilian customers. The Department of Defense accounts for 74% of revenues, with Federal Civilian Agencies contributing 21% and commercial customers the remaining 4%. In recent years, CACI has strategically shifted toward addressing complex technology challenges across the federal government while reducing its focus on basic professional services. Michael Daniels, former senior VP of SAIC, has served as chairman since January 2021, while John Mengucci has been president and CEO since June 2019. An IT technician in an open office with stacks of servers in the background. CACI International Inc (NYSE:CACI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 48 hedge fund portfolios held CACI International Inc (NYSE:CACI) at the end of the fourth quarter compared to 38 in the third quarter. While we acknowledge the potential of CACI International Inc (NYSE:CACI) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. We covered CACI International Inc (NYSE:CACI) in another article, where we shared the list of worst performing IT services stocks to buy according to analysts. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
02-04-2025
- Business
- Yahoo
Should You be Confident in St. Joe Company (JOE)?
River Road Asset Management, an investment management company released its 'River Road Mid Cap Value Fund' Q4 2024 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, AMG River Road Small Cap Value Fund (Class N) returned 2.97% compared to -1.75% returns for the Russell MidCap Value Index. For the year 2024, the fund returned 13.56%, compared to Index return of 13.07%. Stocks rallied in November after a Republican victory but declined sharply following hawkish Fed comments. Shorter duration stocks, including small caps and value, lost most of their post-election gains by the end of December. For more information on the fund's best picks in 2024, please check its top five holdings. In its fourth quarter 2024 investor letter, River Road Mid Cap Value Fund emphasized stocks such as The St. Joe Company (NYSE:JOE). The St. Joe Company (NYSE:JOE) is a real estate development, asset management, and operating company. The one-month return of The St. Joe Company (NYSE:JOE) was -0.98%, and its shares lost 19.06% of their value over the last 52 weeks. On April 1, 2025, The St. Joe Company (NYSE:JOE) stock closed at $46.55 per share with a market capitalization of $2.715 billion. River Road Mid Cap Value Fund stated the following regarding The St. Joe Company (NYSE:JOE) in its Q4 2024 investor letter: "Another poor performer was The St. Joe Company (NYSE:JOE), the largest private landowner in Florida with 171,000 acres in Northwest Florida with legal rights to develop over 170,000 residential units in Florida's Bay County and Walton County (the sixth-fastest growing county in the U.S.). JOE operates independently of Wall Street, with no sell-side coverage due to its unique business model of slow and steady land development that defies precise modeling. The company's long-term growth strategy capitalizes on retiring Baby Boomers migrating to Florida, driving both revenue and profit growth at attractive rates. The company's strategy involves converting highly valuable land (recorded at 1936 prices on the balance sheet) into recurring cash flows through various commercial real estate developments including hotels, apartments, retail, and entertainment assets. Aerial view of a newly-developed residential community with homesites and golf courses. The St. Joe Company (NYSE:JOE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 28 hedge fund portfolios held The St. Joe Company (NYSE:JOE) at the end of the fourth quarter compared to 18 in the third quarter. While we acknowledge the potential of The St. Joe Company (NYSE:JOE) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. We covered The St. Joe Company (NYSE:JOE) in another article, where we shared Praetorian Capital's views on the company. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
