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Weekend Fishing in a Virtual Sea of 52-Week Lows

August 31, 2013 | About:
Sally Jones

Sally Jones

47 followers
Over Labor Day weekend, it could pay to go fishing in a virtual sea of 52-week lows. The GuruFocus special feature 52-week low screener is a great way to start researching the 1,014 stocks currently listed for the USA, in addition to thousands of others around the world.

Today the four industry sectors with the most 52-weeks lows are banking, real estate investment trusts, utilities – regulated, and oil and gas exploration and production. Using the GuruFocus 52-week low screener can help investors discover deep value along with the confidence that billionaire stakeholders are still betting on these companies.

Banks

This sector has 94 stocks out of 657 at a 52-week low. The low ratio is 0.14.

Highlight: ICICI Bank (IBN)

The IBN share price is currently $26.02 or 46.3% off the 52-week high of $48.44. Its yield is 2.56%.

Down 21% over 12 months, ICICI Bank has a market cap of $15.01 billion and is traded at a P/E of 10.20.

ICICI Bank is India's largest private sector bank with total assets of $99 billion (USD) at March 31, 2013 and profit after tax of $1.53 billion for the year ended March 31, 2013. The bank has a network of 3,382 branches and 10,943 ATMs in India, and has a presence in 19 countries, including India.

Guru Action: Six gurus currently hold IBN shares.

As of June 30, 2013, Chris Davis and Jeremy Grantham are the top Guru stakeholders, holding 251,565 shares and 225,940 shares, respectively.

Tracking share price, revenue and net income:

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REITs

This sector with 86 stocks out of 176 at a 52- week low. The low ratio is 0.49.

Highlight: American Campus Communities Inc. (ACC)

The ACC share price is currently $33.37 or 31.2% off the 52-week high of $48.49. Its yield is 4.19%.

Down 29% over 12 months, American Campus Communities Inc. has a market cap of $3.49 billion and is traded at a P/E of 66.00.

American Campus Communities Inc. was incorporated in 2004. The company is a real estate investment trust, or REIT, that is one of the owners, managers and developers of high quality student housing properties in the United States.

Guru Action: Eight gurus currently hold ACC shares.

As of June 30, 2013, Pioneer Investments and Ron Baron are the top Guru stakeholders, holding 1,477,436 shares and 1,324,703 shares, respectively.

Tracking share price, revenue and net income:

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Utilities – Regulated

This sector has 59 stocks out of 154 at a 52-week low. The low ratio is 0.38.

Highlight: Just Energy Group Inc. (JE)

The JE share price is currently $6.07 or 47.2% off the 52-week high of $11.50. Its yield is 17.66%.

Down 45% over 12 months, Just Energy Group Inc. has a market cap of $865.42 million and is traded at a P/E of 8.10.

Just Energy Group Inc. markets natural gas to residential and commercial businesses under long-term fixed-price contracts in Ontario, Manitoba, Alberta, Illinois and New York, and solely to commercial customers in Quebec and British Columbia. The company also markets electricity to residential and commercial customers in Ontario, Alberta and New York.

Guru Action: One guru currently holds JE shares. As of June 30, 2013, Jeremy Grantham is the lone Guru stakeholder, holding 17,500 shares, after reducing his position by 74.64%. As of that same quarter, Jim Simons sold out 43,471 shares at an average price of $6.56 for a loss of 7.5%.

Tracking share price, revenue and net income:

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Oil & Gas – E&P

This sector has 50 stocks out of 198 at a 52-week low. The low ratio is 0.25.

Highlight: Halcon Resources Corp. (HK)

The HK share price is currently $4.73 or 44.9% off the 52-week high of $8.59.

Down 39% over 12 months, Halcon Resources Corp. has a market cap of $1.94 billion and is traded at a P/B of 0.70.

Incorporated in 2004, Halcon Resources is an energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the U. S. The company's producing properties are located in highly prolific basins with long histories of oil and natural gas operations.

Guru Action: Two gurus currently hold HK shares. As of June 30, 2013, Ron Baron and Paul Tudor Jones are the two Guru stakeholders, holding 6,402,947 shares and 11,100 shares, respectively. In the same quarter, T. Boone Pickens and Steven Cohen sold out their holdings, both losing 23.5% on shares sold at an average price of $6.18 per share.

Tracking share price, revenue and net income:

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GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

Check out the GuruFocus special feature 52-week low screener to find the stocks hitting new lows but are still held by top investor Gurus and Insiders.

About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 2.4/5 (5 votes)

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