This week industry sectors with the highest number of 52-week lows are banking, REITs, and metals and mining, according to the GuruFocus special feature 52-week low Value Screen. This rapid-research tool allows you to surf through hundreds of USA stocks currently listed at a 52-week low and discover performance data along with ownership and trade information. Additionally, you can find thousands of other possible bargain stocks around the world using the GuruFocus 52-week low Value Screen for stocks in Canada, Europe, Asia, UK, Ireland, and Oceania. Finding stocks hitting new lows that are still held by billionaire investors and insiders can be an investment revelation.
Here’s a look at three industry sectors with a stock highlight for each:
This sector has 62 companies out 656 at a 52-week low. The low ratio is 0.09.
Highlight: ICICI Bank Ltd. (IBN)
ICICI Bank Ltd. (IBN) shares are priced at $32.00 and currently 33.9% off a 52-week high of $48.44; the yield is 2.08%. Shares trade at a P/E of 3.70 and a P/B of 1.60. Down 8% over 12 months, IBN has a market cap of $19.06 billion.
ICICI Bank is India's largest private sector bank with total assets of $99 billion (USD) as of March 31, 2013 and profit after tax of $1,533 million (USD) for the year ended March 31, 2013. The bank has a network of 3,377 branches and 10,943 ATMs in India, and has a presence in 19 countries, including India.
A number of Guru billionaires are heavily invested in IBN, with Manning & Napier Advisors Inc. holding 0.06% shares outstanding and showing a loss of 26.5% in the second quarter of 2013.
This sector has 50 stocks out of 175 at a 52-week low. The low ratio is 0.29.
Highlight: Digital Reality Trust (DLR)
Digital Reality Trust Inc. (DLR) shares are priced at $54.24 and currently 30.1% off a 52-week high of $77.63; the yield is 5.56%. Shares trade at a P/E of 37.45 and a P/B of 2.50. Down 29% over 12 months, DLR has a market cap of $7.02 billion.
Digital Realty Trust Inc. operates as a real estate investment trust or REIT. The company is engaged in the business of owning, acquiring, developing and managing technology-related real estate.
Seven gurus hold DLR, but Scott Black, Columbia Wanger, Chris Davis, Manning & Napier Advisors Inc. and Jeremy Grantham reduced their positions at a loss in the first or second quarter of 2013. Meridian Funds sold out as of the second quarter 2013 and Steven Cohen sold out in the first quarter of 2013.
This sector has 43 stocks out of 174 at a 52-week low. The low ratio is 0.25.
Highlight: Newmont Mining Corp. (NEM)
The current NEM share price is $28.79, or 50.3% off the 52-week high of $57.93.
Down 38% over 12 months, Newmont Mining has a market cap of $14.58 billion, and trades at a P/E of 8.70 and a P/B of 1.10.
Newmont Mining Corporation (NEM) is a gold producer with significant operations or assets in the United States, Australia, Peru, Indonesia, Ghana, New Zealand and Mexico.
Numerous billionaires have a stake in or are adjusting their positions in Newmont, but top Guru ownership slots are held by Jean-Marie Eveillard for 6,023,181shares, and Brian Rogers who added to his position as of the second quarter of 2013 for a total of current shares at 3,250,000.
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Check out the GuruFocus special feature 52-week low screener to find the stocks hitting new lows.
Also check out:
- Brian Rogers Undervalued Stocks
- Brian Rogers Top Growth Companies
- Brian Rogers High Yield stocks, and
- Stocks that Brian Rogers keeps buying
- Columbia Wanger Undervalued Stocks
- Columbia Wanger Top Growth Companies
- Columbia Wanger High Yield stocks, and
- Stocks that Columbia Wanger keeps buying
About the author:
Sally JonesSally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."