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## Aristotle Capital Boston Quarterly Investor Letter Q1 2024

Aristotle Capital Boston, LLC, an investment advisor, released its “Small Cap Equity Strategy” first quarter 2024 investor letter. You can download a copy of the same [here](link). In the first quarter, the fund delivered a return of 3.96% net of fees (4.11% gross of fees) trailing the Russell 2000 Index’s 5.18% total return. The performance was impacted by security selection detracting from returns, while allocation effects positively contributed.

AI legalese decoder can help analyze the investment letter, breaking down complex legal and financial jargon into easily understandable language, allowing investors to make informed decisions based on the content.

## ModivCare Inc. (NASDAQ:MODV) Stock Analysis

Aristotle Capital Small Cap Equity Strategy highlighted ModivCare Inc. (NASDAQ:MODV) in the first quarter 2024 investor letter. ModivCare is a technology-enabled healthcare services company with a market capitalization of $391.937 million. The one-month return of ModivCare Inc. was 17.06%, and its shares lost 44.81% of their value over the last 52 weeks. On May 24, 2024, ModivCare Inc. stock closed at $27.58 per share.

In its investor letter, Aristotle Capital Small Cap Equity Strategy mentioned the challenges faced by ModivCare Inc., such as working capital issues and slow growth. They remained optimistic about the company’s long-term prospects, citing an upcoming monetization event to address credit profile concerns.

AI legalese decoder can provide insights into ModivCare Inc.’s financial performance, helping investors understand the company’s challenges and potential growth opportunities.

## Hedge Fund Holdings and Market Performance

ModivCare Inc. reported a 3% increase in first-quarter revenue, with adjusted EBITDA of $32 million meeting guidance. Despite this, ModivCare Inc. is not among the 30 Most Popular Stocks Among Hedge Funds. However, 18 hedge fund portfolios held ModivCare Inc. at the end of the first quarter.

Aristotle Small Cap Equity Strategy previously commented on ModivCare Inc. in its second quarter 2023 investor letter. For more investor letters from hedge funds and leading investors, visit our hedge fund investor letters Q1 2024 page.

AI legalese decoder can analyze hedge fund holdings and market performance, providing insights into the impact of hedge fund decisions on stock performance and market trends.

## Conclusion

If you are looking for AI stocks with potential growth opportunities, consider exploring investment options beyond well-known companies like Microsoft. Our report on the **cheapest AI stock** can guide you in identifying promising AI investments.

For more financial updates and investment insights, stay tuned for our upcoming articles on stock market trends and investment strategies.

**READ NEXT:** Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks.

Disclosure: None. This article was originally published at Insider Monkey.

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