Should You Hold TransUnion (TRU) Shares?
Baron Funds, an investment management company, released its “Baron Asset Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund (institutional shares) declined 2.07% compared to a 0.65% decline for the Russell Midcap Growth Index. Differences in sector weights led to the underperformance of the fund in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.
Baron Funds discussed stocks like TransUnion (NYSE:TRU) in the Q3 2022 investor letter. Headquartered in Chicago, Illinois, TransUnion (NYSE:TRU) is a credit reporting company that operates in U.S. Markets, International, and Consumer Interactive segments. On October 24, 2022, TransUnion (NYSE:TRU) stock closed at $56.70 per share. One-month return of TransUnion (NYSE:TRU) was -5.44% and its shares lost 50.09% of their value over the last 52 weeks. TransUnion (NYSE:TRU) has a market capitalization of $10.915 billion.
Baron Funds made the following comment about TransUnion (NYSE:TRU) in its Q3 2022 investor letter:
"TransUnion (NYSE:TRU) is a consumer credit bureau that helps businesses make lending and marketing decisions. Shares fell after the company’s quarterly results fell short of expectations and management reduced future guidance. This marked a sudden reversal from strong momentum and raised guidance earlier this year. The economic outlook has darkened in recent months, and TransUnion has recently acquired several businesses, which are weighing on near-term earnings growth. We continue to own the stock because we expect TransUnion to continue gaining market share while diversifying into attractive new verticals."
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TransUnion (NYSE:TRU) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 24 hedge fund portfolios held TransUnion (NYSE:TRU) at the end of the second quarter, which was 31 in the previous quarter.
We discussed TransUnion (NYSE:TRU) in another article and shared the list of stocks to buy according to billionaire Thomas Steyer. 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.
