WASATCH ADVISORS INC recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
Wasatch Advisors is an investment management company that is owned by its employees. The company was founded in 1975 by Sam Stewart, who continues to have an active role in the firm today as its Chairman, with the beliefs that “company’s growth in earnings should eventually be reflected in its stock price.” Wasatch Advisors would grow from its original focus on small-cap growth investing for separate accounts and launch its first two mutual funds in 1986; the Small Cap Growth and Core Growth mutual funds. The company would then launch its Micro Cap Fund in 1995 and another value fund, the Small Cap Value fund, in 1997. Past the turn of the millennia, Wasatch Advisors noticed a long term globalization trend and decided to expand its line of offerings to be able to have an international focus, launching its International Growth fund in 2002. The company would then acquire the 1st Source Funds, which are now known as the Wasatch Large Cap Value, Wasatch Long/Short, and 1st Source Income Funds. Wasatch Advisors conducts its research internally, utilizing a fundamental analysis with a bottom up investment approach to make its asset allocations. The company invests in various public equity and fixed income markets on a global scale, focusing on growth stocks. Wasatch Advisors invests most heavily in the information technology sector, which alone makes up over a quarter of its total asset allocations, and also invests in the health care, consumer discretionary, finance, industrials, transports, and energy sectors, among others, in order of decreasing allocation. The company currently holds approximately $19 billion in total assets under management spread across 186 accounts, all of which are discretionary. Wasatch Advisors employs 81 employees, including 35 investment professionals and 13 broker dealer representatives. The company’s line of funds includes its Emerging Markets Select, Frontier Emerging Small Countries, Global Opportunities, and Ultra Growth funds, among others.
As of the latest 13F report, the guru’s equity portfolio contained 250 stocks valued at a total of $15.82Bil. The top holdings were GLOB(3.32%), ENSG(2.60%), and HQY(2.57%).
According to GuruFocus data, these were WASATCH ADVISORS INC’s top five trades of the quarter.
Allegiant Travel Co
The guru sold out of their 1,206,772-share investment in NAS:ALGT. Previously, the stock had a 0.96% weight in the equity portfolio. Shares traded for an average price of $144.23 during the quarter.
On 08/13/2022, Allegiant Travel Co traded for a price of $109.08 per share and a market cap of $1.98Bil. The stock has returned -44.38% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Allegiant Travel Co has a price-earnings ratio of 42.44, a price-book ratio of 1.61, a EV-to-Ebitda ratio of 8.78 and a price-sales ratio of 0.94.
The price-to-GF Value ratio is 0.58, earning the stock a GF Value rank of 8.
Five9 Inc
During the quarter, WASATCH ADVISORS INC bought 1,180,177 shares of NAS:FIVN for a total holding of 3,370,235. The trade had a 0.68% impact on the equity portfolio. During the quarter, the stock traded for an average price of $101.3.
On 08/13/2022, Five9 Inc traded for a price of $117.17 per share and a market cap of $8.21Bil. The stock has returned -39.28% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 4 out of 10.
In terms of valuation, Five9 Inc has a price-book ratio of 33.37, a EV-to-Ebitda ratio of -278.80 and a price-sales ratio of 11.44.
The price-to-GF Value ratio is 0.63, earning the stock a GF Value rank of 8.
National Vision Holdings Inc
The guru sold out of their 2,994,355-share investment in NAS:EYE. Previously, the stock had a 0.64% weight in the equity portfolio. Shares traded for an average price of $33.12 during the quarter.
On 08/13/2022, National Vision Holdings Inc traded for a price of $35.65 per share and a market cap of $2.90Bil. The stock has returned -35.05% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, National Vision Holdings Inc has a price-earnings ratio of 27.79, a price-book ratio of 3.05, a price-earnings-to-growth (PEG) ratio of 2.81, a EV-to-Ebitda ratio of 14.25 and a price-sales ratio of 1.63.
The price-to-GF Value ratio is 0.87, earning the stock a GF Value rank of 10.
Intra-Cellular Therapies Inc
WASATCH ADVISORS INC reduced their investment in NAS:ITCI by 2,086,803 shares. The trade had a 0.63% impact on the equity portfolio. During the quarter, the stock traded for an average price of $56.77.
On 08/13/2022, Intra-Cellular Therapies Inc traded for a price of $53.57 per share and a market cap of $5.06Bil. The stock has returned 83.71% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 1 out of 10.
In terms of valuation, Intra-Cellular Therapies Inc has a price-book ratio of 7.30, a EV-to-Ebitda ratio of -14.31 and a price-sales ratio of 36.31.
Eagle Bancorp Inc
The guru sold out of their 2,107,950-share investment in NAS:EGBN. Previously, the stock had a 0.59% weight in the equity portfolio. Shares traded for an average price of $50.38 during the quarter.
On 08/13/2022, Eagle Bancorp Inc traded for a price of $49.78 per share and a market cap of $1.60Bil. The stock has returned -12.43% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, Eagle Bancorp Inc has a price-earnings ratio of 10.90, a price-book ratio of 1.27, a price-earnings-to-growth (PEG) ratio of 0.95 and a price-sales ratio of 4.52.
The price-to-GF Value ratio is 1.02, earning the stock a GF Value rank of 7.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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