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Weekly 3-Year Low Highlights: PACT, ATI, VLY, VOLC

April 28, 2013 | About:
gurujx

gurujx

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According to the GuruFocus list of 3-year lows, Pactera Technology International Ltd., Allegheny Technologies Inc., Valley National Bancorp and Volcano Corporation have all reached their 3-year lows.

Pactera Technology International Ltd. (PACT) Reached 3-year Low of $5.06

The price of Pactera Technology International Ltd. (PACT) shares has declined to close to the 3-year low of $5.06, which is 79.9% off the 3-year high of $24.96.

Pactera Technology International Ltd.is owned by four Gurus we are tracking. Among them, three have added to their positions during the past quarter, and one has reduced his position. Pactera Technology International Ltd. was formed by a merger of equals between HiSoft Technology International Limited and VanceInfo Technologies Inc. Pactera Technology International Ltd. has a market cap of $3.16 billion; its shares were traded at around $5.06 with a P/E ratio of 9.1158 and a P/S ratio of 0.58. It had an annual average earnings growth of 7.8% over the past five years.

Pactera Technology International announced its fourth quarter 2012 pro forma net revenue of $179.3 million, an increase of 17.9% from the $152.1 million reported in prior year same quarter. The net loss was $14.5 million ($0.22 per share) compared to a net income of $6.8 million ($0.16 per share) in the same quarter last year.

Two Gurus Initiated Positions: Steve Mandel bought 7,617,690 shares in the quarter that ended on Dec. 31, /2012, which is 0.38% of the $15.94 billion portfolio of Lone Pine Capital. Ruane Cunniff bought 1,000,000 shares in the same quarter, and represents 0.06% of the $13.27 billion portfolio of Ruane & Cunniff & Goldfarb.

One Guru Increased Position: PRIMECAP Management owns 563,623 shares as of Dec. 31, 2012, an increase of 95.91% from the previous quarter.

Allegheny Technologies Inc. (ATI) Reached 3-year Low of $26.46

The price of Allegheny Technologies Inc. (ATI) shares has declined to close to the 3-year low of $26.46, which is 65.5% off the 3-year high of $73.53.

Allegheny Technologies Inc. is owned by six Gurus we are tracking. Among them, two have added to their positions during the past quarter, and four have reduced their positions. Allegheny Technologies Inc. has a market cap of $2.92 billion; its shares were traded at around $26.46 with a P/E ratio of 18.5185 and a P/S ratio of 0.58. The dividend yield of Allegheny Technologies Inc. stocks is 2.72%.

Allegheny Technologies Inc. reported fourth quarter 2012 sales of $1.10 billion and a net income of $10.5 million ($0.10 per share). This compares to sales of $1.25 billion and income of $31.7 million ($0.29 per share) in the fourth quarter of 2011.

Two Gurus Increased Positions: Chris Davis owns 200,250 shares as of Dec. 31, 2012, an increase of 101.16% from the previous quarter. John Burbank owns 533,800 shares as of Dec. 31, 2012, an increase of 33.02% from the previous quarter.

Valley National Bancorp (VLY) Reached 3-year Low of $8.95

The price of Valley National Bancorp (VLY) shares has declined to close to the 3-year low of $8.95, which is 40.8% off the 3-year high of $14.60.

Valley National Bancorp is owned by six Gurus we are tracking. Among them, four have added to their positions during the past quarter, and one has reduced his position. Valley National Bancorp is a New Jersey corporation organized in 1983. Valley National Bancorp has a market cap of $1.8 billion; its shares were traded at around $8.95 with a P/E ratio of 12.2549 and a P/S ratio of 2.94. The dividend yield of Valley National Bancorp stocks is 7.26%. Valley National Bancorp had an annual average earnings growth of 8.9% over the past five years.

Valley National Bancorp recently released its first quarter 2013 results. Net income for this quarter was $31.3 million ($0.16 per diluted share) compared to last year quarter’s earnings of $34.5 million ($0.18 per share).

Volcano Corporation (VOLC) Reached 3-year Low of $20.47

The price of Volcano Corporation (VOLC) shares has declined to close to the 3-year low of $20.47, which is 40.9% off the 3-year high of $33.90.

Volcano Corporation designs, develops, manufactures and commercializes a suite of intravascular ultrasound (IVUS) and functional measurement (FM) products that enhance the diagnosis and treatment of vascular and structural heart disease. Volcano Corporation has a market cap of $1.11 billion; its shares were traded at around $20.47 with a P/E ratio of 136.986 and a P/S ratio of 2.86.

For its fourth quarter 2012 ended December 31, 2012, Volcano Corporation reported revenues of $102.5 million, an increase of 10% year-over-year. GAAP net income was $2.5 million ($0.04 per share) compared to $29.4 million ($0.54 per share) prior year quarter.

Go here for the complete list of stocks with 3-year lows.

Rating: 3.7/5 (3 votes)

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