It has been another bad week for the market; the S&P500 was down about 3% or about 40 points. Last week’s top five stocks that reached their 52-week lows were General Electric Company, MGM MIRAGE, Fidelity National Information Services, Alleghany Corp, and City National Corp.
Banks and Travel/Leisure companies were the top two out of favor industries of last week. 18 stocks in the Travel/Leisure industry have reached their 52-week lows, while 1 has reached its 52-week high, giving the Travel/Leisure industry a low/high ratio of 18. 59 banks have reached their 52-week lows, while 5 have reached their 52-week high, giving the banking industry a low/high ratio of 11.8.
For more information and full details about guru stocks at 52-week low, click here: http://www.gurufocus.com/52weeklow.php.
General Electric Company (GE, Financial) Reached the 52-Week Low of $32.05
The prices of General Electric Company (GE) shares have declined to close the 52-week low of $32.05, which is 24.9% lower than its 52-week high of $42.15. General Electric Company is owned by 18 Gurus we are tracking. 8 have added to their positions, 9 reduced their positions, and 1 left them unchanged. GE, one of the largest companies in the world, has a market cap of $320.04 billion, P/E ratio of 14.75 and a P/S ratio of 2.16. The dividend yield of General Electric Company stocks is 3.9%.
GE’s last quarter earnings were lower than expected, which caused its stock to plunge about 13%. As consumer confidence was also at a 26-year low, following GE’s plunge, major indexes dropped more than 2% on last Friday.
Ruane Cunniff owns 705,207 shares as of 12/31/2007, an increase of 78.15% from the previous quarter. Mark Hillman owns 1,543,717 shares as of 12/31/2007, an increase of 58.05% from the previous quarter. Tom Gayner owns 3,681,234 shares as of 12/31/2007. Jean-Marie Eveillard owns 186,500 shares as of 12/31/2007, a decrease of 96.32% of from the previous quarter.
Most notably, legendary investor Warren Buffett owns 7,777,900 shares as of 12/31/2007, which accounts for 0.42% of the $68.77 billion portfolio of Berkshire Hathaway.
Chairman and CEO, Director Jeffrey R. Immelt keeps buying GE shares. In February he bought 90,000 shares of GE stock at the average price of $33.42. Director Ralph S. Larsen bought 25,000 shares of GE stock on 01/22/2008 at the average price of $33.55.
MGM Mirage MGM) Reached the 52-Week Low of $51.57
The prices of MGM Mirage (MGM, Financial) shares have declined to close the 52-week low of $51.57, which is 49.0% lower than its 52-week high of $100.5. MGM Mirage is owned by 3 Gurus we are tracking. 3 reduced their positions and 1 sold out his holdings.
MGM Mirage owns and operates casino resorts in the United States. The company's resorts offer gaming, entertainment, and other services. The company has a market cap of $15.15 billion; its shares were traded at around $51.57 with a P/E ratio of 9.71 and P/S ratio of 2.02.
MGM went down as Wall Street thinks gaming industry is facing more of a challenge during the current economic downturn.
John Keeley owns 10,560 shares as of 12/31/2007 , a decrease of 58.69% of from the previous quarter. David Dreman sold out his holdings in the quarter that ended on 12/31/2007 .
Director Melvin Wolzinger bought 2,000 shares of MGM stock on 02/20/2008 at the average price of $65.56. Director Ronald Popeil bought 8,000 shares of MGM stock on 02/15/2008 at the average price of $67.06.
Fidelity National Information Services (FIS, Financial) Reached the 52-Week Low of $35.23
The prices of Fidelity National Information Services (FIS) shares have declined to close the 52-week low of $35.23, which is 39.1% lower than its 52-week high of $57.8. Fidelity National Information Services is owned by 4 Gurus.
Fidelity National Information Services, Inc. provides transaction processing and mortgage-related services to financial institutions in the United States. It has a market cap of $6.85 billion, a P/E ratio of 12.34, a P/S ratio of 1.48 and a dividend yield of 0.6%.
FIS has recently laid off dozens of workers in one of its divisions that will be spun off later in the year. It has about 31000 full-time employees.
Steve Mandel initiated positions in the company. He bought 3,005,849 shares in the quarter that ended on 12/31/2007 . Ronald Muhlenkamp owns 875,598 shares as of 12/31/2007 . John Keeley owns 165,712 shares as of 12/31/2007 . Richard Pzena owns 5,550 shares as of 12/31/2007 , a decrease of 95.95% of from the previous quarter.
Director Richard N. Massey bought 50,000 shares of FIS stock on 02/19/2008 at the average price of $41.61; the price of the stock has decreased by 15.33% since.
Alleghany Corp. (Y, Financial) Reached the 52-Week Low of $334.77
The prices of Alleghany Corp. (Y) shares have declined to close the 52-week low of $334.77, which is 24.5% lower than its 52-week high of $437. Alleghany Corporation engages in the property, casualty, and surety insurance business. It has a market cap of $2.79 billion; its shares were traded at around $334.77 with a P/E ratio of 10.22 and P/S ratio of 1.99.
Alleghany Corp. is owned by 4 Gurus. All of them left their positions unchanged last quarter. Tom Gayner owns 4,000 shares as of 12/31/2007 . Jean-Marie Eveillard owns 2,206 shares as of 12/31/2007 . NWQ Managers owns 548 shares as of 12/31/2007 . Chris Davis owns 4,443 shares as of 12/31/2007 .
Director Raymond Wong bought 606 shares of Y stock on 03/11/2008 at the average price of $336.96; the price of the stock has decreased by 0.65% since.
City National Corp. (CYN, Financial) Reached the 52-Week Low of $47.7
The prices of City National Corp. (CYN) shares have declined to close the 52-week low of $47.7, which is 40.1% lower than its 52-week high of $78.54.
City National Corporation operates as the bank holding company for City National Bank. The company has a market cap of $2.29 billion. It has a P/E ratio of 10.56 and P/S ratio of 2.60. The dividend yield of City National Corp. stocks is 4%.
City National has been downgraded by Bear Stearns, from an Outperform to a Peer Perform. The company also expects lower 2008 profit than in previous years.
City National Corp. is owned by 4 Gurus. Among them, 3 have increased their positions in the company. 1 left them unchanged.
Kenneth Fisher owns 9,030 shares as of 12/31/2007. Ron Baron owns 680,500 shares as of 12/31/2007. John Rogers owns 5,623,252 shares as of 12/31/2007. Ruane Cunniff owns 10,000 shares as of 12/31/2007.
EVP & CFO Christopher J. Carey bought 4,000 shares of CYN stock on 11/02/2007 at the average price of $63.83; the price of the stock has decreased by 25.27% since.
Banks and Travel/Leisure companies were the top two out of favor industries of last week. 18 stocks in the Travel/Leisure industry have reached their 52-week lows, while 1 has reached its 52-week high, giving the Travel/Leisure industry a low/high ratio of 18. 59 banks have reached their 52-week lows, while 5 have reached their 52-week high, giving the banking industry a low/high ratio of 11.8.
For more information and full details about guru stocks at 52-week low, click here: http://www.gurufocus.com/52weeklow.php.
General Electric Company (GE, Financial) Reached the 52-Week Low of $32.05
The prices of General Electric Company (GE) shares have declined to close the 52-week low of $32.05, which is 24.9% lower than its 52-week high of $42.15. General Electric Company is owned by 18 Gurus we are tracking. 8 have added to their positions, 9 reduced their positions, and 1 left them unchanged. GE, one of the largest companies in the world, has a market cap of $320.04 billion, P/E ratio of 14.75 and a P/S ratio of 2.16. The dividend yield of General Electric Company stocks is 3.9%.
GE’s last quarter earnings were lower than expected, which caused its stock to plunge about 13%. As consumer confidence was also at a 26-year low, following GE’s plunge, major indexes dropped more than 2% on last Friday.
Ruane Cunniff owns 705,207 shares as of 12/31/2007, an increase of 78.15% from the previous quarter. Mark Hillman owns 1,543,717 shares as of 12/31/2007, an increase of 58.05% from the previous quarter. Tom Gayner owns 3,681,234 shares as of 12/31/2007. Jean-Marie Eveillard owns 186,500 shares as of 12/31/2007, a decrease of 96.32% of from the previous quarter.
Most notably, legendary investor Warren Buffett owns 7,777,900 shares as of 12/31/2007, which accounts for 0.42% of the $68.77 billion portfolio of Berkshire Hathaway.
Chairman and CEO, Director Jeffrey R. Immelt keeps buying GE shares. In February he bought 90,000 shares of GE stock at the average price of $33.42. Director Ralph S. Larsen bought 25,000 shares of GE stock on 01/22/2008 at the average price of $33.55.
MGM Mirage MGM) Reached the 52-Week Low of $51.57
The prices of MGM Mirage (MGM, Financial) shares have declined to close the 52-week low of $51.57, which is 49.0% lower than its 52-week high of $100.5. MGM Mirage is owned by 3 Gurus we are tracking. 3 reduced their positions and 1 sold out his holdings.
MGM Mirage owns and operates casino resorts in the United States. The company's resorts offer gaming, entertainment, and other services. The company has a market cap of $15.15 billion; its shares were traded at around $51.57 with a P/E ratio of 9.71 and P/S ratio of 2.02.
MGM went down as Wall Street thinks gaming industry is facing more of a challenge during the current economic downturn.
John Keeley owns 10,560 shares as of 12/31/2007 , a decrease of 58.69% of from the previous quarter. David Dreman sold out his holdings in the quarter that ended on 12/31/2007 .
Director Melvin Wolzinger bought 2,000 shares of MGM stock on 02/20/2008 at the average price of $65.56. Director Ronald Popeil bought 8,000 shares of MGM stock on 02/15/2008 at the average price of $67.06.
Fidelity National Information Services (FIS, Financial) Reached the 52-Week Low of $35.23
The prices of Fidelity National Information Services (FIS) shares have declined to close the 52-week low of $35.23, which is 39.1% lower than its 52-week high of $57.8. Fidelity National Information Services is owned by 4 Gurus.
Fidelity National Information Services, Inc. provides transaction processing and mortgage-related services to financial institutions in the United States. It has a market cap of $6.85 billion, a P/E ratio of 12.34, a P/S ratio of 1.48 and a dividend yield of 0.6%.
FIS has recently laid off dozens of workers in one of its divisions that will be spun off later in the year. It has about 31000 full-time employees.
Steve Mandel initiated positions in the company. He bought 3,005,849 shares in the quarter that ended on 12/31/2007 . Ronald Muhlenkamp owns 875,598 shares as of 12/31/2007 . John Keeley owns 165,712 shares as of 12/31/2007 . Richard Pzena owns 5,550 shares as of 12/31/2007 , a decrease of 95.95% of from the previous quarter.
Director Richard N. Massey bought 50,000 shares of FIS stock on 02/19/2008 at the average price of $41.61; the price of the stock has decreased by 15.33% since.
Alleghany Corp. (Y, Financial) Reached the 52-Week Low of $334.77
The prices of Alleghany Corp. (Y) shares have declined to close the 52-week low of $334.77, which is 24.5% lower than its 52-week high of $437. Alleghany Corporation engages in the property, casualty, and surety insurance business. It has a market cap of $2.79 billion; its shares were traded at around $334.77 with a P/E ratio of 10.22 and P/S ratio of 1.99.
Alleghany Corp. is owned by 4 Gurus. All of them left their positions unchanged last quarter. Tom Gayner owns 4,000 shares as of 12/31/2007 . Jean-Marie Eveillard owns 2,206 shares as of 12/31/2007 . NWQ Managers owns 548 shares as of 12/31/2007 . Chris Davis owns 4,443 shares as of 12/31/2007 .
Director Raymond Wong bought 606 shares of Y stock on 03/11/2008 at the average price of $336.96; the price of the stock has decreased by 0.65% since.
City National Corp. (CYN, Financial) Reached the 52-Week Low of $47.7
The prices of City National Corp. (CYN) shares have declined to close the 52-week low of $47.7, which is 40.1% lower than its 52-week high of $78.54.
City National Corporation operates as the bank holding company for City National Bank. The company has a market cap of $2.29 billion. It has a P/E ratio of 10.56 and P/S ratio of 2.60. The dividend yield of City National Corp. stocks is 4%.
City National has been downgraded by Bear Stearns, from an Outperform to a Peer Perform. The company also expects lower 2008 profit than in previous years.
City National Corp. is owned by 4 Gurus. Among them, 3 have increased their positions in the company. 1 left them unchanged.
Kenneth Fisher owns 9,030 shares as of 12/31/2007. Ron Baron owns 680,500 shares as of 12/31/2007. John Rogers owns 5,623,252 shares as of 12/31/2007. Ruane Cunniff owns 10,000 shares as of 12/31/2007.
EVP & CFO Christopher J. Carey bought 4,000 shares of CYN stock on 11/02/2007 at the average price of $63.83; the price of the stock has decreased by 25.27% since.
