Contrarian Ideas: 16 Beaten Up Stocks Being Bought By The Smart Money

By
A A A
Share |

If you are of the camp that likes to go against the herd, this might be an interesting list for you to find new adds to your portfolio.

To compile this list we looked for stocks with the following characteristics:

-       Market cap > $300M

-       Trading 0-10% from 52-week low

-       Experienced significant net institutional buying during the current quarter

With this information in mind, which of these names are you most bullish about?

Analyze These Ideas (Tools Will Open In A New Window)

1. Access a thorough description of all companies mentioned

2. Compare analyst ratings for all stocks mentioned below 

3. Visualize market cap changes for the top stocks mentioned

List sorted by net institutional flows as a percentage of floating shares. 

1. STR Holdings, Inc. (STRI): Rubber & Plastics Industry. Market cap of $670.80M. This stock is trading 5.86% above its 52-week low. On a net basis, institutional investors purchased 5.8M shares during the current quarter - which represents 15.21% of the floating shares. The stock is a short squeeze candidate, with a short float at 18.48% (equivalent to 10.28 days of average volume). The stock is currently stuck in a downtrend, trading -6.98% below its SMA20, -9.14% below its SMA50, and -21.39% below its SMA200. It's been a rough couple of days for the stock, losing 6.97% over the last week. (View investor sentiment on STRI)

2. Overseas Shipholding Group Inc. (OSG): Shipping Industry. Market cap of $861.69M. This stock is trading 1.29% above its 52-week low. On a net basis, institutional investors purchased 2.8M shares during the current quarter - which represents 10.95% of the floating shares. The stock is a short squeeze candidate, with a short float at 19.3% (equivalent to 6.76 days of average volume). The stock is currently stuck in a downtrend, trading -8.99% below its SMA20, -12.47% below its SMA50, and -16.78% below its SMA200. It's been a rough couple of days for the stock, losing 10.17% over the last week. (View investor sentiment on OSG)

3. Mindray Medical International Limited (MR): Medical Instruments & Supplies Industry. Market cap of $3.04B. This stock is trading 7.0% above its 52-week low. On a net basis, institutional investors purchased 7.5M shares during the current quarter - which represents 9.55% of the floating shares. The stock is a short squeeze candidate, with a short float at 19.95% (equivalent to 19.53 days of average volume). The stock has lost 25.21% over the last year. (View investor sentiment on MR)

4. Longtop Financial Technologies Limited (LFT): Business Software & Services Industry. Market cap of $1.69B. This stock is trading 8.35% above its 52-week low. On a net basis, institutional investors purchased 4.5M shares during the current quarter - which represents 9.4% of the floating shares. The stock is a short squeeze candidate, with a short float at 16.27% (equivalent to 9.43 days of average volume). The stock is currently stuck in a downtrend, trading -9.13% below its SMA20, -8.96% below its SMA50, and -18.68% below its SMA200. It's been a rough couple of days for the stock, losing 8.95% over the last week.

5. Ener1, Inc. (HEV): Industrial Electrical Equipment Industry. Market cap of $458.34M. This stock is trading 2.26% above its 52-week low. On a net basis, institutional investors purchased 5.0M shares during the current quarter - which represents 8.34% of the floating shares. The stock is currently stuck in a downtrend, trading -7.29% below its SMA20, -17.99% below its SMA50, and -25.1% below its SMA200. The stock has lost 36.82% over the last year.

6. MDC Holdings Inc. (MDC): Residential Construction Industry. Market cap of $1.26B. This stock is trading 9.2% above its 52-week low. On a net basis, institutional investors purchased 2.9M shares during the current quarter - which represents 7.71% of the floating shares. The stock is a short squeeze candidate, with a short float at 10.34% (equivalent to 5.16 days of average volume). The stock has lost 18.29% over the last year.

7. USANA Health Sciences Inc. (USNA): Drug Related Products Industry. Market cap of $543.63M. This stock is trading 6.75% above its 52-week low. On a net basis, institutional investors purchased 574.7K shares during the current quarter - which represents 7.55% of the floating shares. Relatively low correlation to the market (beta = 0.7), which may be appealing to risk averse investors. Might be undervalued at current levels, with a PEG ratio at 0.75, and P/FCF ratio at 8.78. The stock is a short squeeze candidate, with a short float at 8.19% (equivalent to 13.79 days of average volume). The stock has gained 5.08% over the last year.

8. JetBlue Airways Corporation (JBLU): Regional Airlines Industry. Market cap of $1.66B. This stock is trading 9.14% above its 52-week low. On a net basis, institutional investors purchased 17.5M shares during the current quarter - which represents 7.11% of the floating shares. The stock is a short squeeze candidate, with a short float at 18.97% (equivalent to 7.29 days of average volume). The stock is currently stuck in a downtrend, trading -7.33% below its SMA20, -5.13% below its SMA50, and -10.87% below its SMA200. It's been a rough couple of days for the stock, losing 8.17% over the last week.

9. Corporate Office Properties Trust (OFC): REIT - Office Industry. Market cap of $2.34B. This stock is trading 7.94% above its 52-week low. On a net basis, institutional investors purchased 4.6M shares during the current quarter - which represents 6.99% of the floating shares. The stock is a short squeeze candidate, with a short float at 5.32% (equivalent to 5.02 days of average volume). The stock has lost 10.39% over the last year.

10. China Hydroelectric Corporation (CHC): Electric Utilities Industry. Market cap of $316.82M. This stock is trading 9.82% above its 52-week low. On a net basis, institutional investors purchased 3.3M shares during the current quarter - which represents 6.94% of the floating shares. The stock is currently stuck in a downtrend, trading -12.82% below its SMA20, -14.72% below its SMA50, and -11.05% below its SMA200. It's been a rough couple of days for the stock, losing 11.81% over the last week.

11. hhgregg, Inc. (HGG): Electronics Stores Industry. Market cap of $530.53M. This stock is trading 2.41% above its 52-week low. On a net basis, institutional investors purchased 1.9M shares during the current quarter - which represents 5.72% of the floating shares. The stock is a short squeeze candidate, with a short float at 27.62% (equivalent to 11.83 days of average volume). It's been a rough couple of days for the stock, losing 5.32% over the last week.

12. Allegiant Travel Company (ALGT): Regional Airlines Industry. Market cap of $769.71M. This stock is trading 5.7% above its 52-week low. On a net basis, institutional investors purchased 837.0K shares during the current quarter - which represents 5.72% of the floating shares. Relatively low correlation to the market (beta = 0.51), which may be appealing to risk averse investors. The stock is a short squeeze candidate, with a short float at 22.99% (equivalent to 13.6 days of average volume). The stock is currently stuck in a downtrend, trading -8.47% below its SMA20, -7.52% below its SMA50, and -11.67% below its SMA200. It's been a rough couple of days for the stock, losing 5.24% over the last week.

13. American Superconductor Corporation (AMSC):
Diversified Electronics Industry. Market cap of $659.61M. This stock is trading 2.55% above its 52-week low. On a net basis, institutional investors purchased 2.6M shares during the current quarter - which represents 5.64% of the floating shares. The stock is a short squeeze candidate, with a short float at 23.29% (equivalent to 5.62 days of average volume). The stock is currently stuck in a downtrend, trading -36.77% below its SMA20, -46.54% below its SMA50, and -55.85% below its SMA200. The stock has performed poorly over the last month, losing 44.94%.

14. Frontline Ltd. (FRO): Shipping Industry. Market cap of $1.75B. This stock is trading 0.22% above its 52-week low. On a net basis, institutional investors purchased 2.9M shares during the current quarter - which represents 5.63% of the floating shares. The stock is currently stuck in a downtrend, trading -7.25% below its SMA20, -11.58% below its SMA50, and -16.4% below its SMA200. It's been a rough couple of days for the stock, losing 6.97% over the last week.

15. Cogdell Spencer Inc. (CSA): REIT - Healthcare Facilities Industry. Market cap of $300.06M. This stock is trading 7.12% above its 52-week low. On a net basis, institutional investors purchased 2.6M shares during the current quarter - which represents 5.61% of the floating shares. The stock has lost 21.18% over the last year.

16. Cree Inc. (CREE): Semiconductor Equipment & Materials Industry. Market cap of $4.46B. This stock is trading 1.63% above its 52-week low. On a net basis, institutional investors purchased 5.3M shares during the current quarter - which represents 5.05% of the floating shares. The stock is a short squeeze candidate, with a short float at 21.95% (equivalent to 5.77 days of average volume). The stock is currently stuck in a downtrend, trading -9.15% below its SMA20, -16.07% below its SMA50, and -27.97% below its SMA200. It's been a rough couple of days for the stock, losing 11.03% over the last week.

Institutional flows sourced from Fidelity, all other data sourced from Finviz. All information sourced on Friday, April 15.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks


Kapitall

Kapitall

More from Kapitall:

Related Videos

Stocks

Referenced

Most Active by Volume

60,971,638
  • $4.13 ▲ 11.92%
28,850,438
  • $60.0101 ▲ 1.82%
26,670,576
  • $4.48 ▲ 4.45%
21,654,407
  • $24.75 ▲ 3.51%
17,665,110
  • $16.105 ▼ 0.28%
13,917,635
  • $86.56 ▲ 0.42%
13,314,405
  • $23.478 ▲ 1.15%
13,010,390
  • $2.46 ▲ 0.41%
As of 4/21/2014, 11:46 AM