The market was down about 1.7% last week. For the year S&P500 is down by 9.3%. Technology and Pharmaceutical stocks continue to decline, and media stocks are also dropping. Last week’s top five stocks that reached their 52-week lows were General Electric, American International Group Inc, Domtar Corp, Raymond James Financial Inc, and Brown & Brown Inc.
Technology and Media were last week’s top two out of favor industries, followed closely by Pharmaceuticals. 54 stocks in the Technology Hardware and Equipment Industry have reached their 52-week lows, while 10 have reached their 52-week highs, giving the Technology Hardware and Equipment Industry a low/high ratio of 5.4. In the Media Industry, 21 stocks have reached their 52-week lows, while 6 have reached their 52-week highs, giving the Media Industry a low/high ratio of 3.5.
For full details about guru stocks at 52-week lows and more, click here: www.gurufocus.com/52weeklow.php.
General Electric Company (GE, Financial) Reached the 52-Week Low of $33.14
The prices of General Electric Company (GE) shares have declined to close to the 52-week low of $33.14, which is 21.9% off the 52-week high of $42.15. General Electric, one of the largest corporations in the world, is widely owned among Gurus. Among them, 8 have added to their positions during the past quarter. 9 reduced their positions. General Electric Company has a market cap of $330.93 billion; its shares were traded at around $33.14 with a P/E ratio of 15.25 and P/S ratio of 1.99. The dividend yield of General Electric Company stocks is 3.6%.
Overall, Gurus have favorable positions with GE. 5 Gurus Increased Positions in GE by large percentages. 11 Gurus Kept Positions in GE Unchanged or Slightly Adjusted, these Gurus include Bill Miller, Tom Gayner, Warren Buffett etc. 3 Gurus Reduced Positions in GE: George Soros owns 53,963 shares as of 12/31/2007, a decrease of 45.06% of from the previous quarter. This position accounts for 0.09% of the $2.27 billion portfolio of Soros Fund Management LLC. David Tepper owns 3,900,000 shares as of 12/31/2007, a decrease of 60.8% of from the previous quarter. This position accounts for 9.16% of the $1.58 billion portfolio of APPALOOSA MANAGEMENT LP. Jean-Marie Eveillard owns 186,500 shares as of 12/31/2007, a decrease of 96.32% of from the previous quarter. This position accounts for 0.06% of the $11.8 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC.
GE Chairman and CEO, Jeffrey R Immelt has been buying GE shares. He bought 35,000 shares of GE stock on 12/18/2007 at the average price of $36.59; the price of the stock has decreased by 9.43% since. He also bought 83,000 more shares of GE stock on 10/22/2007 at the average price of $40.08; the price of the stock has decreased by 17.32% since. Other directors at GE also bought large trunks of GE stocks. Director Ralph S Larsen bought 25,000 shares of GE stock on 01/22/2008 at the average price of $33.55; Director Alan G Lafley bought 12,327 shares of GE stock on 10/30/2007 at the average price of $40.5.
American International Group Inc. (AIG, Financial) Reached the 52-Week Low of $46.86
The prices of American International Group Inc. (AIG) shares have declined to close to the 52-week low of $46.86, which is 32.3% off the 52-week high of $72.97. AIG has a market cap of $118.85 billion; its shares were traded at around $46.86 with a P/E ratio of 8.18 and P/S ratio of 1.05. The dividend yield of American International Group Inc. stocks is 1.5%.
American International Group Inc. is owned by 16 Gurus we are tracking. Among them, 11 have added to their positions during the past quarter. 7 reduced their positions. 3 Gurus Sold Out AIG.
We have seen AIG directors buying its stocks over the past months at higher prices. Among those, Director Fred Langhammer bought 10,000 shares of AIG stock on 11/21/2007 at the average price of $51.6; the price of the stock has decreased by 9.19% since. Director James F Iii Orr bought 5,000 shares of AIG stock on 11/19/2007 at the average price of $55.6; the price of the stock has decreased by 15.72% since.
Domtar Corp. (UFS, Financial) Reached the 52-Week Low of $6.68
The prices of Domtar Corp. (UFS) shares have declined to close the 52-week low of $6.68, which is 42.2% off the 52-week high of $11.54. Domtar Corp. is owned by 5 Gurus we are tracking. Among them, 5 have added to their positions during the past quarter.
Domtar Corporation is an integrated producer of uncoated free sheet paper in North America . The company has a market cap of $3.28 billion. It has a P/E ratio of 43.33 and P/S ratio of 0.57. Shares of Domtar Corp. recently declined after the company dropped in the 4 th quarter of 2007. An analyst said a strong Canadian dollar is crimping earnings momentum. The stock lost 58 cents, or 7.5 percent, to $7.12.
Domtar Corp. is owned by 5 Gurus. All have increased their positions in the company. NWQ Managers owns 4,199,791 shares as of 12/31/2007 , an increase of 734.29% from the previous quarter. This position accounts for 0.1% of the $30.86 billion portfolio of NWQ Investment Management Co. Seth Klarman owns 10,648,600 shares as of 12/31/2007 , which accounts for 4.64% of the $1.77 billion portfolio of The Baupost Group. George Soros owns 305,009 shares as of 12/31/2007 , which accounts for 0.09% of the $2.27 billion portfolio of Soros Fund Management LLC. John Keeley owns 260,055 shares as of 12/31/2007 , which accounts for 0.02% of the $9.17 billion portfolio of Keeley Fund Management.
Most notably, Dodge & Cox owns 26,712,494 shares as of 12/31/2007 , an increase of 47 times from the previous quarter. This position accounts for 0.16% of their $126.23 billion portfolio.
Director Denis Turcotte bought 15,000 shares of UFS stock on 02/27/2008 at the average price of $6.56; the price of the stock has increased by 1.83% since.
Raymond James Financial Inc. (RJF, Financial) Reached the 52-Week Low of $24.64
The prices of Raymond James Financial Inc. (RJF) shares have declined to close the 52-week low of $24.64, which is 32.2% off the 52-week high of $37.6. Raymond James Financial Inc. is owned by 4 Gurus we are tracking.
Raymond James Financial, Inc. engages in the underwriting and brokerage of equity and debt securities. It has a market cap of $2.73 billion; its shares were traded at around $24.64 with a P/E ratio of 10.84 and P/S ratio of 1.07. The company’s stocks have a dividend yield of 1.7%
The company reached a new 52-week low after an analyst cut his estimates on the company because of a dreary second-quarter outlook. Shares fell 44 cents to $24.54. The company had hit a new low of $23.64 earlier in the year. Raymond James Financial Inc. is owned by 4 Gurus. Among them, 1 increased his position, 1 decreased his position, and 1 left then unchanged.
Martin Whitman owns 2,444,062 shares as of 10/31/2007 , which accounts for 0.87% of the $10.49 billion portfolio of Third Avenue Value Fund. Bruce Sherman owns 10,044,545 shares as of 12/31/2007 , which accounts for 2.35% of the $13.96 billion portfolio of Private Capital Management.
Many insiders of Raymond James Financial Inc. increased their positions in the company. Of them, Vice Chairman and Director Francis S. Godbold increased his positions the most. He bought 100,000 shares of RJF stock on 01/28/2008 at the average price of $26.12; the price of the stock has decreased by 5.67% since.
Brown & Brown Inc. (BRO, Financial) Reached the 52-Week Low of $18.48
The prices of Brown & Brown Inc. (BRO) shares have declined to close the 52-week low of $18.48, which is 29.4% off the 52-week high of $29.15. It is owned by 5 Gurus we are tracking.
Brown & Brown, Inc. operates as a diversified insurance agency in the United States . The company has a market cap of $2.51 billion; its shares were traded at around $18.48 with a P/E ratio of 13.19 and P/S ratio of 2.68. The dividend yield of Brown & Brown Inc. stocks is 1.3%.
Brown & Brown’s revenue growth was lower than the industry average, and earnings per share have declined over a period of many years. The company is owned by 5 Gurus. Among them, 3 reduced their positions, 1 left them unchanged, 1 reduced his positions, and 1 sold out his holding in Brown & Brown Inc.
Richard Aster Jr. owns 1,934,460 shares as of 12/31/2007 , which accounts for 1.34% of the $3.4 billion portfolio of Meridian Fund. Ruane Cunniff owns 11,277,845 shares as of 12/31/2007 , which accounts for 2.1% of the $12.64 billion portfolio of Ruane & Cunniff & Goldfarb Inc.
Chuck Akre sold out his holdings in the quarter that ended on 12/31/2007 .
Director Theodore J. Jr. Hoepner bought 10,000 shares of BRO stock on 02/13/2008 at the average price of $18.69; the price of the stock has decreased by 1.12% since. Director Wendell Reilly bought 42,489 shares of BRO stock on 12/20/2007 at the average price of $23.5; the price of the stock has decreased by 21.36% since.
Technology and Media were last week’s top two out of favor industries, followed closely by Pharmaceuticals. 54 stocks in the Technology Hardware and Equipment Industry have reached their 52-week lows, while 10 have reached their 52-week highs, giving the Technology Hardware and Equipment Industry a low/high ratio of 5.4. In the Media Industry, 21 stocks have reached their 52-week lows, while 6 have reached their 52-week highs, giving the Media Industry a low/high ratio of 3.5.
For full details about guru stocks at 52-week lows and more, click here: www.gurufocus.com/52weeklow.php.
General Electric Company (GE, Financial) Reached the 52-Week Low of $33.14
The prices of General Electric Company (GE) shares have declined to close to the 52-week low of $33.14, which is 21.9% off the 52-week high of $42.15. General Electric, one of the largest corporations in the world, is widely owned among Gurus. Among them, 8 have added to their positions during the past quarter. 9 reduced their positions. General Electric Company has a market cap of $330.93 billion; its shares were traded at around $33.14 with a P/E ratio of 15.25 and P/S ratio of 1.99. The dividend yield of General Electric Company stocks is 3.6%.
Overall, Gurus have favorable positions with GE. 5 Gurus Increased Positions in GE by large percentages. 11 Gurus Kept Positions in GE Unchanged or Slightly Adjusted, these Gurus include Bill Miller, Tom Gayner, Warren Buffett etc. 3 Gurus Reduced Positions in GE: George Soros owns 53,963 shares as of 12/31/2007, a decrease of 45.06% of from the previous quarter. This position accounts for 0.09% of the $2.27 billion portfolio of Soros Fund Management LLC. David Tepper owns 3,900,000 shares as of 12/31/2007, a decrease of 60.8% of from the previous quarter. This position accounts for 9.16% of the $1.58 billion portfolio of APPALOOSA MANAGEMENT LP. Jean-Marie Eveillard owns 186,500 shares as of 12/31/2007, a decrease of 96.32% of from the previous quarter. This position accounts for 0.06% of the $11.8 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC.
GE Chairman and CEO, Jeffrey R Immelt has been buying GE shares. He bought 35,000 shares of GE stock on 12/18/2007 at the average price of $36.59; the price of the stock has decreased by 9.43% since. He also bought 83,000 more shares of GE stock on 10/22/2007 at the average price of $40.08; the price of the stock has decreased by 17.32% since. Other directors at GE also bought large trunks of GE stocks. Director Ralph S Larsen bought 25,000 shares of GE stock on 01/22/2008 at the average price of $33.55; Director Alan G Lafley bought 12,327 shares of GE stock on 10/30/2007 at the average price of $40.5.
American International Group Inc. (AIG, Financial) Reached the 52-Week Low of $46.86
The prices of American International Group Inc. (AIG) shares have declined to close to the 52-week low of $46.86, which is 32.3% off the 52-week high of $72.97. AIG has a market cap of $118.85 billion; its shares were traded at around $46.86 with a P/E ratio of 8.18 and P/S ratio of 1.05. The dividend yield of American International Group Inc. stocks is 1.5%.
American International Group Inc. is owned by 16 Gurus we are tracking. Among them, 11 have added to their positions during the past quarter. 7 reduced their positions. 3 Gurus Sold Out AIG.
We have seen AIG directors buying its stocks over the past months at higher prices. Among those, Director Fred Langhammer bought 10,000 shares of AIG stock on 11/21/2007 at the average price of $51.6; the price of the stock has decreased by 9.19% since. Director James F Iii Orr bought 5,000 shares of AIG stock on 11/19/2007 at the average price of $55.6; the price of the stock has decreased by 15.72% since.
Domtar Corp. (UFS, Financial) Reached the 52-Week Low of $6.68
The prices of Domtar Corp. (UFS) shares have declined to close the 52-week low of $6.68, which is 42.2% off the 52-week high of $11.54. Domtar Corp. is owned by 5 Gurus we are tracking. Among them, 5 have added to their positions during the past quarter.
Domtar Corporation is an integrated producer of uncoated free sheet paper in North America . The company has a market cap of $3.28 billion. It has a P/E ratio of 43.33 and P/S ratio of 0.57. Shares of Domtar Corp. recently declined after the company dropped in the 4 th quarter of 2007. An analyst said a strong Canadian dollar is crimping earnings momentum. The stock lost 58 cents, or 7.5 percent, to $7.12.
Domtar Corp. is owned by 5 Gurus. All have increased their positions in the company. NWQ Managers owns 4,199,791 shares as of 12/31/2007 , an increase of 734.29% from the previous quarter. This position accounts for 0.1% of the $30.86 billion portfolio of NWQ Investment Management Co. Seth Klarman owns 10,648,600 shares as of 12/31/2007 , which accounts for 4.64% of the $1.77 billion portfolio of The Baupost Group. George Soros owns 305,009 shares as of 12/31/2007 , which accounts for 0.09% of the $2.27 billion portfolio of Soros Fund Management LLC. John Keeley owns 260,055 shares as of 12/31/2007 , which accounts for 0.02% of the $9.17 billion portfolio of Keeley Fund Management.
Most notably, Dodge & Cox owns 26,712,494 shares as of 12/31/2007 , an increase of 47 times from the previous quarter. This position accounts for 0.16% of their $126.23 billion portfolio.
Director Denis Turcotte bought 15,000 shares of UFS stock on 02/27/2008 at the average price of $6.56; the price of the stock has increased by 1.83% since.
Raymond James Financial Inc. (RJF, Financial) Reached the 52-Week Low of $24.64
The prices of Raymond James Financial Inc. (RJF) shares have declined to close the 52-week low of $24.64, which is 32.2% off the 52-week high of $37.6. Raymond James Financial Inc. is owned by 4 Gurus we are tracking.
Raymond James Financial, Inc. engages in the underwriting and brokerage of equity and debt securities. It has a market cap of $2.73 billion; its shares were traded at around $24.64 with a P/E ratio of 10.84 and P/S ratio of 1.07. The company’s stocks have a dividend yield of 1.7%
The company reached a new 52-week low after an analyst cut his estimates on the company because of a dreary second-quarter outlook. Shares fell 44 cents to $24.54. The company had hit a new low of $23.64 earlier in the year. Raymond James Financial Inc. is owned by 4 Gurus. Among them, 1 increased his position, 1 decreased his position, and 1 left then unchanged.
Martin Whitman owns 2,444,062 shares as of 10/31/2007 , which accounts for 0.87% of the $10.49 billion portfolio of Third Avenue Value Fund. Bruce Sherman owns 10,044,545 shares as of 12/31/2007 , which accounts for 2.35% of the $13.96 billion portfolio of Private Capital Management.
Many insiders of Raymond James Financial Inc. increased their positions in the company. Of them, Vice Chairman and Director Francis S. Godbold increased his positions the most. He bought 100,000 shares of RJF stock on 01/28/2008 at the average price of $26.12; the price of the stock has decreased by 5.67% since.
Brown & Brown Inc. (BRO, Financial) Reached the 52-Week Low of $18.48
The prices of Brown & Brown Inc. (BRO) shares have declined to close the 52-week low of $18.48, which is 29.4% off the 52-week high of $29.15. It is owned by 5 Gurus we are tracking.
Brown & Brown, Inc. operates as a diversified insurance agency in the United States . The company has a market cap of $2.51 billion; its shares were traded at around $18.48 with a P/E ratio of 13.19 and P/S ratio of 2.68. The dividend yield of Brown & Brown Inc. stocks is 1.3%.
Brown & Brown’s revenue growth was lower than the industry average, and earnings per share have declined over a period of many years. The company is owned by 5 Gurus. Among them, 3 reduced their positions, 1 left them unchanged, 1 reduced his positions, and 1 sold out his holding in Brown & Brown Inc.
Richard Aster Jr. owns 1,934,460 shares as of 12/31/2007 , which accounts for 1.34% of the $3.4 billion portfolio of Meridian Fund. Ruane Cunniff owns 11,277,845 shares as of 12/31/2007 , which accounts for 2.1% of the $12.64 billion portfolio of Ruane & Cunniff & Goldfarb Inc.
Chuck Akre sold out his holdings in the quarter that ended on 12/31/2007 .
Director Theodore J. Jr. Hoepner bought 10,000 shares of BRO stock on 02/13/2008 at the average price of $18.69; the price of the stock has decreased by 1.12% since. Director Wendell Reilly bought 42,489 shares of BRO stock on 12/20/2007 at the average price of $23.5; the price of the stock has decreased by 21.36% since.
