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Weekly Three-Year Low Highlight: CVE, ALTR, BWP, SALE

Posted
12/16/2013 10:48:00 AM
By: GuruFocus
Referenced Stocks:ALTR;BWP;CVE;SALE

According to GuruFocus list of 3-year lows ; Cenovus Energy Inc., Altera Corp., Boardwalk Pipeline Partners LP and RetailMeNot Inc. have all reached their three-year lows.

Cenovus Energy Inc. ( CVE ) Reached the Three-Year Low of $28.17

The prices of Cenovus Energy Inc. ( CVE ) shares have declined to close to the three-year low of $28.17, which is 33.3% off the three-year high of $40.73.

Cenovus Energy Inc. has a market cap of $21.29 billion; its shares were traded at around $28.17 with a P/E ratio of 37.10 and P/S ratio of 1.26. The dividend yield of Cenovus Energy Inc. stocks is 3.32%.

Cenovus Energy has released its third quarter 2013 results. For this quarter, operating cash flow was $1.1 billion, a 12% decrease compared with the same quarter of 2012. Operating earnings were $313 million ($0.41 per diluted share), a 28% decrease over last year. Cenovus' net earnings were $370 million compared with $289 million the prior year quarter.

3 Gurus Kept Positions in CVE Unchanged or Slightly Adjusted: Jean-Marie Eveillard owns 20,263,412 shares as of 09/30/2013.Third Avenue Management owns 19,200 shares as of 09/30/2013. Bill Nygren owns 3,930,000 shares as of 09/30/2013.

4 Gurus Reduced Positions: Ray Dalio owns 265,000 shares as of 09/30/2013, a decrease of 22.4% of from the previous quarter. PRIMECAP Management owns 100,000 shares as of 09/30/2013, a decrease of 33.33% of from the previous quarter. Ken Fisher owns 8,467 shares as of 09/30/2013, a decrease of 38.05% of from the previous quarter. Lou Simpson sold out his holdings in the quarter that ended on 09/30/2013.

Altera Corp. ( ALTR ) Reached the Three-Year Low of $30.86

The prices of Altera Corp. ( ALTR ) shares have declined to close to the three-year low of $30.86, which is 40.3% off the three-year high of $49.59.

Altera Corp. has a market cap of $9.9 billion; its shares were traded at around $30.86 with a P/E ratio of 21.70 and P/S ratio of 5.81. The dividend yield of Altera Corp. stocks is 1.62%. Altera Corp. had an annual average earnings growth of 13.50% over the past 10 years. GuruFocus rated Altera Corp. the business predictability rank of 4.5-star.

Altera reported third quarter 2013 net sales of $495 million, up 6% from the prior year quarter. Third quarter net income was $157.5 million ($0.49 per share) compared with net income of $162.7 million ($0.50 per share) last year.

2 Gurus Kept Positions in ALTR Unchanged or Slightly Adjusted: Chris Davis owns 48,800 shares as of 09/30/2013. PRIMECAP Management owns 9,641,100 shares as of 09/30/2013.

1 Guru Sold Out ALTR: Ray Dalio sold out his holdings in the quarter that ended on 09/30/2013.

Boardwalk Pipeline Partners LP ( BWP ) Reached the Three-Year Low of $24.62

The prices of Boardwalk Pipeline Partners LP ( BWP ) shares have declined to close to the three-year low of $24.62, which is 29.7% off the three-year high of $33.50.

Boardwalk Pipeline Partners LP has a market cap of $5.98 billion; its shares were traded at around $24.62 with a P/E ratio of 25.70 and P/S ratio of 4.89. The dividend yield of Boardwalk Pipeline Partners LP stocks is 8.67%. Boardwalk Pipeline Partners LP had an annual average earnings growth of 3.30% over the past five years.

Boardwalk Pipeline Partners generated third quarter operating revenues of $275.5 million, a 2% increase from the $270.6 million of 2012. Net income was $62.3 million compared to $58.2 million prior year quarter. Distributable cash flow was $116.6 million for this quarter.

1 Guru Kept Positions in BWP Unchanged or Slightly Adjusted: Jean-Marie Eveillard owns 100,000 shares as of 09/30/2013, which accounts for 0.0088% of the $34.43 billion portfolio of First Eagle Investment Management LLC.

RetailMeNot Inc. ( SALE ) Reached the Three-year Low of $25.91

The prices of RetailMeNot Inc ( SALE ) shares have declined to close to the three-year low of $25.91, which is 35.4% off the three-year high of $39.50.

RetailMeNot Inc. has a market cap of $1.31 billion; its shares were traded at around $25.91 with a P/E ratio of 41.80.

The company has released its third quarter 2013 results. Net revenues for the third quarter were $47.4 million, an increase of 39% compared to $34.2 million prior year quarter. Net income was $5.6 million compared to net income of $6.6 million last year.

1 Guru Initiated Positions: George Soros bought 200,000 shares in the quarter that ended on 09/30/2013, which is 0.078% of the $9.14 billion portfolio of Soros Fund Management LLC.

Go here for the complete list of three-year lows.

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