Weekly Guru Bargains Highlights: NXY, FTR, CLF, MTW, HFC

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Dec 18, 2011
According to GuruFocus updates, these stocks have declined the most since Gurus have bought.


Nexen Inc. (NXY, Financial): Down 30% Since Joel Greenblatt Bought In the Quarter Ended on 2011-09-30


Joel Greenblatt initiated holdings in Exploration & Production company Nexen Inc. during the quarter ended 09/30/2011. His purchase prices were between $15.63 and $24.75, with an estimated average price of $20.86. Since then the prices of Nexen Inc. shares have declined by -30% from the estimated average. Joel Greenblatt owned 10,144 shares of as of 09/30/2011.


Nexen Inc. is an independent, Canadian-based global energy company. Nexen Inc. has a market cap of $8.3 billion; its shares were traded at around $14.67 with a P/E ratio of 13.6 and P/S ratio of 1.5. The dividend yield of Nexen Inc. stocks is 1.3%. Nexen Inc. had an annual average earnings growth of 12.4% over the past 10 years. GuruFocus rated Nexen Inc. the business predictability rank of 3-star.


Joel Greenblatt bought 10,144 shares in the quarter that ended on 09/30/2011, which is 0.0256% of the $614 million portfolio of Gotham Capital. Ray Dalio owns 20,100 shares as of 09/30/2011, which accounts for 0.0049% of the $6.71 billion portfolio of Bridgewater Associates. David Dreman owns 277,690 shares as of 09/30/2011, which accounts for 0.1077% of the $4 billion portfolio of Dreman Value Management.


Frontier Communications Corp. (FTR, Financial): Down 32% Since Jim Simons Bought In the Quarter Ended on 2011-09-30


Jim Simons initiated holdings in Fixed Line Telecommunications company Frontier Communications Corp. during the quarter ended 09/30/2011. His purchase prices were between $6.13 and $8.2, with an estimated average price of $7.23. Since then the prices of Frontier Communications Corp. shares have declined by -32% from the estimated average. Jim Simons owned 2,386,034 shares of as of 09/30/2011.


FRONTIER COMMUNICATIONS CORPORATION, formerly Citizens Communications Company, is a full-service communications provider and one of the largest rural local exchange telephone companies in the country. Frontier Communications Corp. has a market cap of $5.27 billion; its shares were traded at around $4.92 with a P/E ratio of 24.1 and P/S ratio of 1.4. The dividend yield of Frontier Communications Corp. stocks is 14.1%.


FTR recently reported third-quarter 2011 revenue of $1,290.9 million, operating income of $180.3 million and net income attributable to common shareholders of Frontier of $20.4 million, or $0.02 per share.


Prem Watsa owns 18,620,000 shares as of 09/30/2011, which accounts for 5.5401% of the $2.05 billion portfolio of Fairfax Financial Holdings. NWQ Managers owns 754,442 shares as of 09/30/2011, which accounts for 0.0297% of the $14.89 billion portfolio of NWQ Investment Management Co.


Chairman & CEO Mary Agnes Wilderotter bought 48,000 shares of FTR stock on 11/21/2011 at the average price of 5.25. Mary Agnes Wilderotter owns at least 2,289,238 shares after this. The price of the stock has decreased by 6.29% since. Other insiders have also increased their positions in the company.


Cliffs Natural Resources (CLF, Financial): Down 21% Since Ray Dalio Bought In the Quarter Ended on 2011-09-30


Ray Dalio added to his holdings in Steel company Cliffs Natural Resources by 173.06% during the quarter ended 09/30/2011. His purchase prices were between $54.19 and $101.43, with an estimated average price of $80.67. Since then the prices of Cliffs Natural Resources shares have declined by -21% from the estimated average. Ray Dalio owned 460,219 shares of as of 09/30/2011.


Cliffs Natural Resources, formerly Cleveland-Cliffs Inc, is an international mining company, a producer of iron ore pellets in North America and a supplier of metallurgical coal to the global steelmaking industry. Cliffs Natural Resources has a market cap of $9.01 billion; its shares were traded at around $63.95 with a P/E ratio of 4.7 and P/S ratio of 1.9. The dividend yield of Cliffs Natural Resources stocks is 1.8%. Cliffs Natural Resources had an annual average earnings growth of 6.8% over the past 5 years.


CLF recently reported third-quarter results for the period ended Sept. 30, 2011. Consolidated revenues were up 59% to a record $2.1 billion, from $1.3 billion in the same quarter last year. The increase was driven by higher pricing and sales volumes in the Company's iron ore segments, along with incremental sales from Cliffs' recently acquired Bloom Lake operations in Eastern Canada.


Ray Dalio owns 460,219 shares as of 09/30/2011, an increase of 173.06% from the previous quarter. This position accounts for 0.35% of the $6.71 billion portfolio of Bridgewater Associates. John Keeley owns 4,600 shares as of 09/30/2011, a decrease of 63.78% of from the previous quarter. This position accounts for 0.0053% of the $4.42 billion portfolio of Keeley Fund Management.


Chairman, Pres. & CEO Joseph A Carrabba sold 10,000 shares of CLF stock on 09/21/2011 at the average price of 69.92. Joseph A Carrabba owns at least 176,335 shares after this. The price of the stock has decreased by 8.54% since. There are mixed trades from other insiders.


Manitowoc Co. (MTW, Financial): Down 24% Since Pioneer Investments Bought In the Quarter Ended on 2011-09-30


Pioneer Investments added to his holdings in Commercial Vehicles & Trucks company Manitowoc Co. by 56.73% during the quarter ended 09/30/2011. His purchase prices were between $6.84 and $18.08, with an estimated average price of $11.81. Since then the prices of Manitowoc Co. shares have declined by -24% from the estimated average. Pioneer Investments owned 996,593 shares of as of 09/30/2011.


Manitowoc Company, Inc. is a diversified, capital goods manufacturer. Manitowoc Co. has a market cap of $1.21 billion; its shares were traded at around $8.97 with a P/E ratio of 26.2 and P/S ratio of 0.4. The dividend yield of Manitowoc Co. stocks is 3.4%. Manitowoc Co. had an annual average earnings growth of 11.9% over the past 10 years.


MTW recently reported sales of $935.4 million for the third quarter of 2011, an increase of 15.9 percent compared to sales of $807.1 million in the third quarter of 2010. The sales increase was driven by a 20.7 percent increase in Crane segment sales, coupled with a 10.2 percent increase in Foodservice segment sales.


Richard Snow bought 11,589 shares in the quarter that ended on 09/30/2011, which is 0.0041% of the $1.91 billion portfolio of Snow Capital Management, L.P.. John Keeley owns 274,000 shares as of 09/30/2011, which accounts for 0.0417% of the $4.42 billion portfolio of Keeley Fund Management. Wilbur Ross owns 18,000 shares as of 09/30/2011, which accounts for 0.0119% of the $1.02 billion portfolio of Invesco Private Capital. David Tepper sold out his holdings in the quarter that ended on 09/30/2011.


HollyFrontier (HFC, Financial): Down 34% Since Steven Cohen Bought In the Quarter Ended on 2011-09-30


Steven Cohen initiated holdings in Exploration & Production company Hollyfrontier during the quarter ended 09/30/2011. His purchase prices were between $25.59 and $38.2, with an estimated average price of $34.28. Since then the prices of HollyFrontier shares have declined by -34% from the estimated average. Steven Cohen owned 3,675,082 shares of as of 09/30/2011.


HollyFrontier Corporation is engaged in refining petroleum. Hollyfrontier has a market cap of $5.03 billion; its shares were traded at around $22.51 with a P/E ratio of 4.5 and P/S ratio of 0.6. The dividend yield of Hollyfrontier stocks is 3%. Hollyfrontier had an annual average earnings growth of 19% over the past 10 years.


HFC recently reported record quarterly net income attributable to HollyFrontier stockholders of $523.1 million or $2.48 per diluted share for the quarter ended September 30, 2011, compared to$51.2 million or $0.48 per diluted share for the quarter ended September 30, 2010.


Daniel Loeb bought 3,350,000 shares in the quarter that ended on 09/30/2011, which is 4.1647% of the $2.11 billion portfolio of Third Point, LLC. David Tepper bought 1,599,244 shares in the quarter that ended on 09/30/2011, which is 2.7174% of the $1.54 billion portfolio of Appaloosa Management LP. Ray Dalio bought 599,591 shares in the quarter that ended on 09/30/2011, which is 0.23% of the $6.71 billion portfolio of Bridgewater Associates. George Soros bought 31,100 shares in the quarter that ended on 09/30/2011, which is 0.014% of the $5.83 billion portfolio of Soros Fund Management LLC.


CEO and President Michael Jennings bought 2,000 shares of HFC stock on 11/21/2011 at the average price of 24.11. Michael Jennings owns at least 473,056 shares after this. The price of the stock has decreased by 6.64% since. There are mixed trades from other insiders.