According to the GuroFocus list of 52-week lows, Teva Pharmaceutical Industries Inc. (TEVA, Financial) and Cigna Corp. (CI, Financial) are two stocks that are within 5% of 52-week lows and are owned by 21 gurus.
Most stocks that are near 52-week lows present great opportunities for investors. Gurus own these stocks in their portfolios due to the following positive signs: low P/B and P/S ratios, expanding operating margins and consistent per share revenue growth.
Teva Pharmaceutical attracts many investors as the company has good financials, including a PEG ratio that is ranked lower than 89% of the companies in the global drug manufacturers industry. Additionally, the company has a near two-year high dividend yield and near two-year low P/B and P/S ratios. In the first quarter, Andreas Halvorsen of Viking Global Investors LP increased his position in Teva Pharmaceutical by 31.66%, which increased his portfolio by 1.87%.
Jim Simons of Renaissance Technologies LLC increased his position in Cigna by 977.08%. Cigna attracted Simons and other investors due to near one-year low P/B and P/S ratios, near one-year high dividend yields and consistent per share revenue growth.
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