Is it the Best Time to Harvest Huntington Bancshares Incorporated (HBAN) Shares?
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Aristotle Capital Boston, LLC, an investment advisor, released its “Small Cap Equity” third quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund delivered a return of -3.09% net of fees, underperforming the -2.19% return of the Russell 2000 Index. Sector allocation contributed positively to the fund’s performance in the quarter, while stock selection detracted. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Aristotle Capital highlighted stocks like Huntington Bancshares Incorporated (NASDAQ:HBAN) in the Q3 2022 investor letter. Headquartered in Columbus, Ohio, Huntington Bancshares Incorporated (NASDAQ:HBAN) is a holding bank that provides commercial, consumer, and mortgage banking services. On November 23, 2022, Huntington Bancshares Incorporated (NASDAQ:HBAN) stock closed at $15.17 per share. One-month return of Huntington Bancshares Incorporated (NASDAQ:HBAN) was 1.74% and its shares lost 7.22% of their value over the last 52 weeks. Huntington Bancshares Incorporated (NASDAQ:HBAN) has a market capitalization of $21.886 billion.
Aristotle Capital made the following comment about Huntington Bancshares Incorporated (NASDAQ:HBAN) in its Q3 2022 investor letter:
"Huntington Bancshares Incorporated (NASDAQ:HBAN), an Ohio-based bank holding company, was removed from the portfolio based on our belief that shares were fully valued and there were better opportunities to deploy capital elsewhere within the portfolio."
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Huntington Bancshares Incorporated (NASDAQ:HBAN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 23 hedge fund portfolios held Huntington Bancshares Incorporated (NASDAQ:HBAN) at the end of the third quarter, which was 23 in the previous quarter.
We discussed Huntington Bancshares Incorporated (NASDAQ:HBAN) in another article and shared the list of best high-yield dividend stocks. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
