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Off 64% or More – Three Stocks on a 52-Week Low, Held by Gurus

December 28, 2013 | About:
Sally Jones

Sally Jones

49 followers

According to the GuruFocus Value Screen for finding 52-Week Lows, Turquoise Hill Resources Ltd. (TRQ), Global-Tech Advanced Innovations (GAI) and Rentech Nitrogen Partners LP (RNF) are companies on a low and still held by billionaire investors. All three companies are on a 52-week low, and more than 64% off a 52-week high.

Rentech Nitrogen Partners LP (RNF) reported financial results for the three months ended September 30, 2013, with quarterly revenue of $93.3 million, up from $60.1 million in the same quarter of 2012. The company reported an operating loss of $18.3 million, compared to an operating income of $29.2 million in the same quarter a year ago. Rentech’s quarterly adjusted EBITDA was $16.1 million, down from $32.9 million in the same quarter of 2012. The company’s gross margin for the quarter was 18%, compared to 58% in the same quarter of 2012.

Highlight: Rentech Nitrogen Partners LP (RNF)

The current share price is $17.34, or 64.7% off the 52-week high of $49.18.

Down 54% over 12 months, RNF has a market cap of $673.66 million, and trades with a P/B of 13.30. The dividend yield is 13.67%.

Rentech Nitrogen Partners LP is a pure-play nitrogen fertilizer company structured as a publicly traded master limited partnership. The company manufactures and sells nitrogen fertilizer products including ammonia, UAN solution and ammonium sulfate.

Guru Action: As of Sept. 30, 2013, there is one guru stakeholder and one recent insider sell.

As of Sept. 30, 2013, the sole guru owner Jim Simons reduced his position by 14.04%, selling 49,490 shares at an average price of $28.06 for a loss of 38.2%.

Over four losing quarters, he has averaged a loss of 52% on 352,600 shares at an average price of $36.30 per share. Selling, he has averaged a loss of 38% on 49,490 shares at an average price of $28.06 per share.

His current shares of 303,110 represent 0.78% of shares outstanding.

Track share pricing, revenue and net income:

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Highlight: Turquoise Hill Resources Ltd. (TRQ)

The current share price is $3.25, or 66.2% off the 52-week high of $9.62.

Down 57% over 12 months, TRQ has a market cap of $3.27 billion, and trades with a P/B of 0.60. The company does not pay a dividend.

Turquoise Hill Resources Ltd. is an international mining company focused on copper, gold and coal mines in the Asia Pacific region. The company has other projects containing molybdenum, rhenium, copper, gold, zinc, silver and uranium.

Guru Action: As of Sept. 30, 2013, there are six guru stakeholders and one recent insider trade.

The top guru owner is RS Investment Management who increased its position by 29.59% in the third quarter of 2013, buying 13,234,642 shares at an average price of $5.12 for a loss of 36.5%.

Over six losing quarters, the firm has averaged a loss of 55% on 57,968,897 shares at an average price of $7.19 per share.

The firm’s current shares of 57,968,897 represent 5.76% of shares outstanding.

Track share pricing, revenue and net income:

1388268302449.png

Highlight: Global-Tech Advanced Innovations (GAI)

The current GAI share price is $6.30, or 64.9% off the 52-week high of $17.94.

Down 3% over 12 months, GAI has a market cap of $19.16 million, and trades with a P/B of 0.30. The company does not pay a dividend.

Organized in 1991, Global-Tech Advanced Innovations Inc. was formerly known as Global-Tech Appliances Inc. The company is an exporter of a wide range of small electrical appliances to North American and European markets. The company operates in three business segments: electronic components, electronic manufacturing services and others.

Guru Action: As of Sept. 30, 2013, the sole guru owner is Jim Simons who increased his position by 37.13%, buying 8,800 shares at an average price of $9.18 for a loss of 31.4%. He has averaged a loss of 30% on 32,500 shares at an average price of $9.01 per share.

His current shares of 32,500 represent 1.07% of shares outstanding.

Check out the past guru stakeholders.

No insider trading was found.

Track share pricing, revenue and net income:

1388269260063.png

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.

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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: 5.0/5 (2 votes)

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