Last week’s top five stocks that reached their 52-week lows were People's United Financial Inc, Allegheny Energy Inc, GameStop Corp, Myriad Genetics Inc, and SunPower Corp. According to GuruFocus updates, these Guru stocks have reached their 52-week lows.
Last week’s top two out of favor industries were the Oil/Gas Producers and Pharmaceutical/Biotechnology industries. 2 Oil/Gas Producers have reached their 52-week lows, while 1 has reached its 52-week high, giving the industry a low/high ratio of 2. In the Pharmaceutical/Biotechnology industry, 6 stocks have reached their 52-week lows, while 4 have reached their 52-week highs, giving the industry a low/high ratio of 1.5.
For full details about guru stocks at 52-week lows and more information, click here: http://www.gurufocus.com/52weeklow.php.
People's United Financial Inc. (PBCT, Financial) Reached the 52-Week Low of $15.35
The prices of People's United Financial Inc. (PBCT) shares have declined to close to the 52-week low of $15.35, which is 18.3% off the 52-week high of $18.29. People's United Financial Inc. is owned by 7 Gurus we are tracking. Among them, 2 have added to their positions during the past quarter. 4 reduced their positions.
People's Bank is a diversified financial services company providing consumer and commercial banking services, in addition to insurance, trust and financial advisory services. It has a market cap of $5.35 billion; its shares were traded at around $15.35 with a P/E ratio of 47.9 and P/S ratio of 5.1. The dividend yield of People's United Financial Inc. stocks is 4%. People's United Financial Inc. had an annual average earning growth of 1% over the past 5 years.
People's United Financial, Inc. recently announced its fourth quarter 2009 results. The company reported net income of $24.9 million, or $0.07 per share, for the fourth quarter of 2009, compared to $26.8 million, or $0.08 per share, for the third quarter of 2009, and $33.7 million, or $0.10 per share, for the fourth quarter of 2008. Fourth quarter 2009 earnings reflect a 3.19 percent net interest margin, unchanged from the third quarter of 2009, despite continued pressure associated with the historically low interest rate environment and the company's asset sensitive balance sheet, and a modest increase in non-interest expenses. For the year ended December 31, 2009, net income totaled $101.2 million, or $0.30 per share, compared to $137.8 million, or $0.42 per share, for 2008.
John Paulson, Ron Baron, and NWQ Managers all hold positions in this company.
PBCT’s CEO Philip R Sherringham sold 60,000 shares of PBCT stock on 08/11/2009 at the average price of 16.85, the price of the stock has decreased by 8.9% since. Other insiders have also decreased their positions in the company.
Allegheny Energy Inc. (AYE, Financial) Reached the 52-Week Low of $20.99
The prices of Allegheny Energy Inc. (AYE) shares have declined to close to the 52-week low of $20.99, which is 41.2% off the 52-week high of $34.87.
Allegheny Energy, Inc. is a diversified utility holding company. The company has a market cap of $3.56 billion; its shares were traded at around $20.99 with a P/E ratio of 9.7 and P/S ratio of 1.1. The dividend yield of Allegheny Energy Inc. stocks is 2.9%. Allegheny Energy Inc. had an annual average earning growth of 46% over the past 5 years.
AYE recently reported its fourth quarter results. Adjusted net income for the fourth quarter of 2009 excludes $13.4 million of pre-tax interest expense related to a debt tender offer and unrealized pre-tax gains of $7.9 million from economic hedges that do not qualify for hedge accounting. Adjusted net income for the fourth quarter of 2008 excludes $116.3 million of unrealized pre-tax losses on economic hedges.
Among the gurus that own Allegheny Energy, 4 have increased their positions in the company, 1 kept their position unchanged or slightly adjusted, 1 reduced their positions, and 1 sold out the company.
Buy:: Senior VP and CFO Kirk R Oliver bought 1,000 shares of AYE stock on 11/20/2009 at the average price of 22.09, the price of the stock has decreased by 4.98% since. However, other insiders have decreased their positions in the company.
GameStop Corp. (GME, Financial) Reached the 52-Week Low of $20.15
The prices of GameStop Corp. (GME) shares have declined to close to the 52-week low of $20.15, which is 39.4% off the 52-week high of $32.42. GameStop Corp. is owned by 5 Gurus we are tracking. Among them, 3 have added to their positions during the past quarter. 3 reduced their positions.
GameStop Corp. is a video game and entertainment software retailer. The company operates 4,816 retail stores across the United States and in fifteen countries worldwide. The company has a market cap of $3.32 billion; its shares were traded at around $20.15 with a P/E ratio of 8.6 and P/S ratio of 0.4. Gamestop Corp. had an annual average earning growth of 11.2% over the past 5 years.
Gamestop recently reported its third quarter results. The company announced that its total company sales in the quarter were $1.83 billion, an 8.2% increase as compared to sales of $1.70 billion in the prior year quarter. New software sales grew 9.4%, advancing our new video game market share by 150 basis points over last year. Used product sales increased 19.4%, on top of the 19.3% increase in the third quarter of 2008. Comparable store sales decreased 7.8%, attributable primarily to a decline in new video game hardware sales.
Richard Snow bought 106,200 shares in the quarter that ended on 09/30/2009, which is 0.11% of the $2.47 billion portfolio of Snow Capital Management, L.P.. Kenneth Fisher owns 607,285 shares as of 09/30/2009, which accounts for 0.05% of the $29.78 billion portfolio of Fisher Asset Management, LLC.
Director Jerome L Davis sold 15,000 shares of GME stock on 11/24/2009 at the average price of 25.62, the price of the stock has decreased by 21.35% since. Other insiders have also decreased their positions in the company.
Myriad Genetics Inc. (MYGN, Financial) Reached the 52-Week Low of $22.09
The prices of Myriad Genetics Inc. (MYGN) shares have declined to close to the 52-week low of $22.09, which is 52.0% off the 52-week high of $46. Myriad Genetics, Inc. uses gene-based medicine to develop therapeutic and molecular diagnostic products. It has a market cap of $2.13 billion; its shares were traded at around $22.09 with a P/E ratio of 19.3 and P/S ratio of 6.5.
Myriad Genetics recently reported its second quarter fiscal 2010 results. Revenues rose 11% to $92.8 million for the three-month period ended December 31, 2009, from $84.0 million in the same three months of the prior fiscal year and increased 9% on a sequential quarterly basis. Myriad attributes this growth primarily to increased sales and marketing efforts that improved physician acceptance and adoption of the Company's products.
Myriad Genetics Inc. is owned by 3 Gurus we are tracking. Among them, 2 have added to their positions during the past quarter. 1 reduced their position.
Director Linda S Wilson sold 30,500 shares of MYGN stock on 01/07/2010 at the average price of 26.9, the price of the stock has decreased by 17.88% since. Other insiders have also decreased their positions in the company.
SunPower Corp. (SPWRA) Reached the 52-Week Low of $19.65
The prices of SunPower Corp. (SPWRA) shares have declined to close to the 52-week low of $19.65, which is 45.4% off the 52-week high of $35.94. SunPower Corp. designs and manufactures high-efficiency silicon solar cells and solar panels based on an all-back contact cell design. The company has a market cap of $1.91 billion; its shares were traded at around $19.65 with a P/E ratio of 22.1 and P/S ratio of 1.3.
Sunpower recently reported its third quarter results. Revenue for the 2009 third quarter was $466 million which compares to $298 million in the second quarter of 2009 and $378 million in the third quarter of 2008. The company's Components and Systems segments accounted for 64% and 36% of third-quarter 2009 revenue, respectively. "Our third-quarter results demonstrate the value of our diversified market and vertical integration strategy as we benefitted from our growing dealer channel and successfully executed on our large scale project commitments," said Tom Werner, SunPower's CEO. "We further expanded our dealer partner network into countries such as France, Korea and Canada, and added new partners to our existing markets. As we build our utility and power plant business around the world, our superior technology performance and rapid deployment capability continues to make SunPower a preferred partner with customers and financiers.
SunPower Corp. is owned by 3 Gurus we are tracking. Among them, 1 has added to their positions during the past quarter. 1 reduced their position.
Richard Aster Jr bought 356,400 shares in the quarter that ended on 09/30/2009, which is 0.47% of the $2.26 billion portfolio of Meridian Fund. John Hussman owns 1,500,000 shares as of 09/30/2009, which accounts for 0.84% of the $5.36 billion portfolio of Hussman Economtrics Advisors, Inc..
Sell:: CEO Thomas H Werner sold 25,000 shares of SPWRA stock on 10/23/2009 at the average price of 28.73, the price of the stock has decreased by 31.6% since. Other insiders have also decreased their positions in the company.
Go here for the complete list of 52-week lows.
Last week’s top two out of favor industries were the Oil/Gas Producers and Pharmaceutical/Biotechnology industries. 2 Oil/Gas Producers have reached their 52-week lows, while 1 has reached its 52-week high, giving the industry a low/high ratio of 2. In the Pharmaceutical/Biotechnology industry, 6 stocks have reached their 52-week lows, while 4 have reached their 52-week highs, giving the industry a low/high ratio of 1.5.
For full details about guru stocks at 52-week lows and more information, click here: http://www.gurufocus.com/52weeklow.php.
People's United Financial Inc. (PBCT, Financial) Reached the 52-Week Low of $15.35
The prices of People's United Financial Inc. (PBCT) shares have declined to close to the 52-week low of $15.35, which is 18.3% off the 52-week high of $18.29. People's United Financial Inc. is owned by 7 Gurus we are tracking. Among them, 2 have added to their positions during the past quarter. 4 reduced their positions.
People's Bank is a diversified financial services company providing consumer and commercial banking services, in addition to insurance, trust and financial advisory services. It has a market cap of $5.35 billion; its shares were traded at around $15.35 with a P/E ratio of 47.9 and P/S ratio of 5.1. The dividend yield of People's United Financial Inc. stocks is 4%. People's United Financial Inc. had an annual average earning growth of 1% over the past 5 years.
People's United Financial, Inc. recently announced its fourth quarter 2009 results. The company reported net income of $24.9 million, or $0.07 per share, for the fourth quarter of 2009, compared to $26.8 million, or $0.08 per share, for the third quarter of 2009, and $33.7 million, or $0.10 per share, for the fourth quarter of 2008. Fourth quarter 2009 earnings reflect a 3.19 percent net interest margin, unchanged from the third quarter of 2009, despite continued pressure associated with the historically low interest rate environment and the company's asset sensitive balance sheet, and a modest increase in non-interest expenses. For the year ended December 31, 2009, net income totaled $101.2 million, or $0.30 per share, compared to $137.8 million, or $0.42 per share, for 2008.
John Paulson, Ron Baron, and NWQ Managers all hold positions in this company.
PBCT’s CEO Philip R Sherringham sold 60,000 shares of PBCT stock on 08/11/2009 at the average price of 16.85, the price of the stock has decreased by 8.9% since. Other insiders have also decreased their positions in the company.
Allegheny Energy Inc. (AYE, Financial) Reached the 52-Week Low of $20.99
The prices of Allegheny Energy Inc. (AYE) shares have declined to close to the 52-week low of $20.99, which is 41.2% off the 52-week high of $34.87.
Allegheny Energy, Inc. is a diversified utility holding company. The company has a market cap of $3.56 billion; its shares were traded at around $20.99 with a P/E ratio of 9.7 and P/S ratio of 1.1. The dividend yield of Allegheny Energy Inc. stocks is 2.9%. Allegheny Energy Inc. had an annual average earning growth of 46% over the past 5 years.
AYE recently reported its fourth quarter results. Adjusted net income for the fourth quarter of 2009 excludes $13.4 million of pre-tax interest expense related to a debt tender offer and unrealized pre-tax gains of $7.9 million from economic hedges that do not qualify for hedge accounting. Adjusted net income for the fourth quarter of 2008 excludes $116.3 million of unrealized pre-tax losses on economic hedges.
Among the gurus that own Allegheny Energy, 4 have increased their positions in the company, 1 kept their position unchanged or slightly adjusted, 1 reduced their positions, and 1 sold out the company.
Buy:: Senior VP and CFO Kirk R Oliver bought 1,000 shares of AYE stock on 11/20/2009 at the average price of 22.09, the price of the stock has decreased by 4.98% since. However, other insiders have decreased their positions in the company.
GameStop Corp. (GME, Financial) Reached the 52-Week Low of $20.15
The prices of GameStop Corp. (GME) shares have declined to close to the 52-week low of $20.15, which is 39.4% off the 52-week high of $32.42. GameStop Corp. is owned by 5 Gurus we are tracking. Among them, 3 have added to their positions during the past quarter. 3 reduced their positions.
GameStop Corp. is a video game and entertainment software retailer. The company operates 4,816 retail stores across the United States and in fifteen countries worldwide. The company has a market cap of $3.32 billion; its shares were traded at around $20.15 with a P/E ratio of 8.6 and P/S ratio of 0.4. Gamestop Corp. had an annual average earning growth of 11.2% over the past 5 years.
Gamestop recently reported its third quarter results. The company announced that its total company sales in the quarter were $1.83 billion, an 8.2% increase as compared to sales of $1.70 billion in the prior year quarter. New software sales grew 9.4%, advancing our new video game market share by 150 basis points over last year. Used product sales increased 19.4%, on top of the 19.3% increase in the third quarter of 2008. Comparable store sales decreased 7.8%, attributable primarily to a decline in new video game hardware sales.
Richard Snow bought 106,200 shares in the quarter that ended on 09/30/2009, which is 0.11% of the $2.47 billion portfolio of Snow Capital Management, L.P.. Kenneth Fisher owns 607,285 shares as of 09/30/2009, which accounts for 0.05% of the $29.78 billion portfolio of Fisher Asset Management, LLC.
Director Jerome L Davis sold 15,000 shares of GME stock on 11/24/2009 at the average price of 25.62, the price of the stock has decreased by 21.35% since. Other insiders have also decreased their positions in the company.
Myriad Genetics Inc. (MYGN, Financial) Reached the 52-Week Low of $22.09
The prices of Myriad Genetics Inc. (MYGN) shares have declined to close to the 52-week low of $22.09, which is 52.0% off the 52-week high of $46. Myriad Genetics, Inc. uses gene-based medicine to develop therapeutic and molecular diagnostic products. It has a market cap of $2.13 billion; its shares were traded at around $22.09 with a P/E ratio of 19.3 and P/S ratio of 6.5.
Myriad Genetics recently reported its second quarter fiscal 2010 results. Revenues rose 11% to $92.8 million for the three-month period ended December 31, 2009, from $84.0 million in the same three months of the prior fiscal year and increased 9% on a sequential quarterly basis. Myriad attributes this growth primarily to increased sales and marketing efforts that improved physician acceptance and adoption of the Company's products.
Myriad Genetics Inc. is owned by 3 Gurus we are tracking. Among them, 2 have added to their positions during the past quarter. 1 reduced their position.
Director Linda S Wilson sold 30,500 shares of MYGN stock on 01/07/2010 at the average price of 26.9, the price of the stock has decreased by 17.88% since. Other insiders have also decreased their positions in the company.
SunPower Corp. (SPWRA) Reached the 52-Week Low of $19.65
The prices of SunPower Corp. (SPWRA) shares have declined to close to the 52-week low of $19.65, which is 45.4% off the 52-week high of $35.94. SunPower Corp. designs and manufactures high-efficiency silicon solar cells and solar panels based on an all-back contact cell design. The company has a market cap of $1.91 billion; its shares were traded at around $19.65 with a P/E ratio of 22.1 and P/S ratio of 1.3.
Sunpower recently reported its third quarter results. Revenue for the 2009 third quarter was $466 million which compares to $298 million in the second quarter of 2009 and $378 million in the third quarter of 2008. The company's Components and Systems segments accounted for 64% and 36% of third-quarter 2009 revenue, respectively. "Our third-quarter results demonstrate the value of our diversified market and vertical integration strategy as we benefitted from our growing dealer channel and successfully executed on our large scale project commitments," said Tom Werner, SunPower's CEO. "We further expanded our dealer partner network into countries such as France, Korea and Canada, and added new partners to our existing markets. As we build our utility and power plant business around the world, our superior technology performance and rapid deployment capability continues to make SunPower a preferred partner with customers and financiers.
SunPower Corp. is owned by 3 Gurus we are tracking. Among them, 1 has added to their positions during the past quarter. 1 reduced their position.
Richard Aster Jr bought 356,400 shares in the quarter that ended on 09/30/2009, which is 0.47% of the $2.26 billion portfolio of Meridian Fund. John Hussman owns 1,500,000 shares as of 09/30/2009, which accounts for 0.84% of the $5.36 billion portfolio of Hussman Economtrics Advisors, Inc..
Sell:: CEO Thomas H Werner sold 25,000 shares of SPWRA stock on 10/23/2009 at the average price of 28.73, the price of the stock has decreased by 31.6% since. Other insiders have also decreased their positions in the company.
Go here for the complete list of 52-week lows.
