Momentum Plays: 14 Stocks Reaching New Highs On Institutional Buying

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Compiled by Eben Esterhuizen, CFA: The following is a list of stocks reaching new 52-week highs during recent sessions. All of these stocks have seen significant institutional buying over the past three months.

Big money managers seem to think there's more upside to these names. What do you think? We're not going to go into detailed analysis for each company--the goal here is to give you a starting point for your own analysis.

Institutional trading data sourced from Reuters, short float and performance data sourced from Finviz.


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The list has been sorted by the change in institutional ownership over the past three months.

1. Eagle Rock Energy Partners, L.P. (EROC): Oil & Gas Refining & Marketing Industry. Market cap of $533.96M. Institutional investors currently own 42,742,213 shares vs. 30,600,409 shares held 3 months ago (+39.68% change). Short float at 3.24%, which implies a short ratio of 3.41 days. The stock has gained 62.83% over the last year.

2. Hatteras Financial Corp (HTS): Mortgage Investment Industry. Market cap of $1.39B. Institutional investors currently own 24,628,885 shares vs. 20,267,356 shares held 3 months ago (+21.52% change). Short float at 5.63%, which implies a short ratio of 3.46 days. The stock has gained 19.66% over the last year.

3. Western Refining Inc. (WNR): Oil & Gas Refining & Marketing Industry. Market cap of $750.1M. Institutional investors currently own 39,740,442 shares vs. 34,966,175 shares held 3 months ago (+13.65% change). Short float at 21.44%, which implies a short ratio of 6.75 days. The stock has gained 74.53% over the last year.

4. GeoResources, Inc. (GEOI): Independent Oil & Gas Industry. Market cap of $380.6M. Institutional investors currently own 8,844,559 shares vs. 7,821,599 shares held 3 months ago (+13.08% change). Short float at 3.64%, which implies a short ratio of 5.55 days. The stock has gained 66.67% over the last year.

5. Polycom, Inc. (PLCM): Processing Systems & Products Industry. Market cap of $3.B. Institutional investors currently own 100,787,218 shares vs. 92,013,944 shares held 3 months ago (+9.53% change). Short float at 8.76%, which implies a short ratio of 4.48 days. The stock has gained 49.64% over the last year.

6. Under Armour, Inc. (UA):
Textile Industry. Market cap of $2.6B. Institutional investors currently own 31,714,028 shares vs. 29,030,747 shares held 3 months ago (+9.24% change). Short float at 15.74%, which implies a short ratio of 7.56 days. The stock has gained 75.79% over the last year.

7. Hudbay Minerals Inc Ordinary Sh (HBM):
Industrial Metals & Minerals Industry. Market cap of $2.5B. Institutional investors currently own 73,199,267 shares vs. 67,514,851 shares held 3 months ago (+8.42% change). Short float at 1%, which implies a short ratio of 88 days. The stock has gained 10.16% over the last year.

8. Jazz Pharmaceuticals, Inc. (JAZZ): Biotechnology Industry. Market cap of $585.75M. Institutional investors currently own 33,724,652 shares vs. 31,259,118 shares held 3 months ago (+7.89% change). Short float at 5.92%, which implies a short ratio of 2.28 days. The stock has gained 96.22% over the last year.

9. iGATE Corporation (IGTE): Information Technology Services Industry. Market cap of $1.23B. Institutional investors currently own 26,861,269 shares vs. 25,041,442 shares held 3 months ago (+7.27% change). Short float at 8.18%, which implies a short ratio of 3.84 days. The stock has gained 123.4% over the last year.

10. Diamond Foods, Inc. (DMND): Processed & Packaged Goods Industry. Market cap of $1.01B. Institutional investors currently own 23,238,557 shares vs. 21,708,604 shares held 3 months ago (+7.05% change). Short float at 28.25%, which implies a short ratio of 24.29 days. The stock has gained 52.32% over the last year.

11. Questcor Pharmaceuticals, Inc. (QCOR): Biotechnology Industry. Market cap of $840.54M. Institutional investors currently own 53,865,827 shares vs. 50,552,970 shares held 3 months ago (+6.55% change). Short float at 14.73%, which implies a short ratio of 10.23 days. The stock has gained 220.38% over the last year.

12. IPG Photonics Corporation (IPGP): Semiconductor Industry. Market cap of $1.22B. Institutional investors currently own 21,511,274 shares vs. 20,287,772 shares held 3 months ago (+6.03% change). Short float at 3.9%, which implies a short ratio of 4.22 days. The stock has gained 66.24% over the last year.

13. Cypress Semiconductor Corporation (CY): Semiconductor Industry. Market cap of $2.54B. Institutional investors currently own 135,518,952 shares vs. 128,149,118 shares held 3 months ago (+5.75% change). Short float at 5.7%, which implies a short ratio of 2.41 days. The stock has gained 54.07% over the last year.

14. CAI International Inc. (CAP): Rental & Leasing Services Industry. Market cap of $318.44M. Institutional investors currently own 8,281,280 shares vs. 7,836,659 shares held 3 months ago (+5.67% change). Short float at 4.64%, which implies a short ratio of 7.4 days. The stock has gained 115.78% over the last year.



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


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