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Billionaire Backers on a Shifting Sea of 52-Week Lows

October 28, 2013 | About:
Sally Jones

Sally Jones

49 followers
In two months, the number of U.S. stocks on a 52-week low has dropped from over a thousand companies to today’s 573 stocks. But the virtual sea of 52-week lows is by no means overfished. Check out the GuruFocus 52-week low screener to find not only U.S. stocks with possible deep value but also thousands of others around the world.

Utilities, banking and real estate investment trusts are three industry sectors that have changed dramatically in just 60 days. Here are some sector highlights on a 52-week low, with billionaire backers and in some cases, active insiders and yield.

Utilities – Regulated

Two months ago, this sector had 59 stocks out of 154 on a 52-week low. Today the regulated utilities sector has 24 stocks out of 155 on a 52-week low, and the low ratio is 0.15.

Highlight: Exelon Corp. (EXC)

The EXC share price is currently $28.01 or 25.9% off the 52-week high of $37.80. Its yield is 5.97%.

Down 22% over 12 months, Exelon Corp. has a market cap of $23.99 billion and is traded at a P/E of 20.70.

Incorporated in 1999, Chicago-based Exelon Corporation is a public utility holding company and one of the largest competitive power generators in the US. The company operates through its principal subsidiaries, ComEd, PECO and Generation, to deliver electricity and natural gas to approximately 6.6 million customers in Maryland, Illinois , and Pennsylvania. Exelon has operations and business activities in 47 states, the District of Columbia and Canada.

Guru Action: Twelve gurus hold EXC shares, as of June 30, 2013, and there is recent insider selling.

Hotchkis & Wiley is the top guru stakeholder, holding 14,208,753 shares or 1.66% of shares outstanding. The firm increased its position by 23.43% in the second quarter of 2013, buying 2,696,907 shares at an average price of $34.01, for a loss of 17.6%.

The five-year trading history shows all losing quarters. The firm averaged a loss of 39% on 15,056,534 shares bought at an average price of $46.25 per share. The firm also lost 38% selling 4,709,801 shares at an average price of $44.96 per share.

Tracking share price, revenue and net income:

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Banks

Two months ago, this sector had 94 stocks out of 657 on a 52-week low. Today the banking sector has 49 stocks out of 624 on a 52-week low, and the low ratio is 0.08.

Highlight: Berkshire Bancorp (BERK)

The BERK share price is currently $7.83 or 13% off the 52-week high of $9.00. Its yield is 1.00%.

Down 6% over 12 months, Berkshire Bancorp has a market cap of $115.4 million and is traded at a P/E of 12.90.

Berkshire Bancorp Inc. is a bank holding company whose principal activity is the ownership and management of its indirect wholly-owned subsidiary, The Berkshire Bank , a state-chartered commercial bank in New York.

Guru Action: As of June 30, 2013, one guru holds BERK shares and there is recent insider trading.

As of June 30, 2013, Jim Simons reduced his position by 4.67%, selling 500 shares at an average price of $8.22 per share, and taking a loss of 4.7%. Simons has held for two quarters, averaging a loss of 5% on 10,700 shares bought at an average price of $8.28 per share.

Tracking share price, revenue and net income:

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Real Estate Investment Trusts

At the end of August, this sector had 86 stocks out of 176 on a 52-week low. Today the REITs sector has 34 stocks out of 182 on a 52-week low, and the low ratio is 0.19.

Highlight: Gyrodyne Company of America (GYRO)

The GYRO share price is currently $73.85 or 35.7% off the 52-week high of $114.80. The company does not pay a dividend.

Down 31% over 12 months, Gyrodyne Company of America has a market cap of $109.2 million and is traded at a P/B of 1.70.

Organized in 1946, Gyrodyne Company of America Inc. is a self-managed and self-administered real estate investment trust (REIT). The company's primary business is the investment in and the acquisition, ownership and management of a geographically diverse portfolio of medical office and industrial properties. The company also develops industrial and residential properties.

Guru Action: As of June 30, 2013, two gurus hold GYRO shares. There is no recent insider trading to report.

As of June 30, 2013, Michael Price is the top guru stakeholders, holding 47,210 shares or 3.19% of shares outstanding.

His five-year trading history shows mixed results, making a rare gain of 1.5% holding 47,210 shares at an average price of $72.73 per share. Price averaged a loss of 12% on 45,019 shares bought at an average price of $83.59 per share. He also lost 16% selling 3,200 shares at an average price of $88.08 per share.

Tracking share price, revenue and net income:

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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: 3.7/5 (3 votes)

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