6 Stocks Near Lows Being Snapped Up by the Smart Money

|
 |  Includes: ADPT-OLD, DWA, ORN, SKX, SVNTQ, WINN
by: Kapitall

The following is a list of stocks trading near 52-week lows. All of these stocks have seen significant institutional inflows over the past three months.

To compile this list, we started with a universe of 120 stocks trading 0%-10% above their 52-week lows. We then narrowed down the list by looking at institutional inflows, ranking the stocks accordingly.

The smart money seems to think these stocks are set to rebound; what do you think? Full details below.

We last wrote about this screen on November 23, 2010. On that day, the screen produced 14 companies (excluding RRI Energy, which has since been acquired). Since then, 11 out of 14 companies mentioned in that article have outperformed the S&P 500 index (a success rate of 78.57%). The screen averaged a return of 16.47% vs. an index return of 7.69%.

Short float data collected from Finviz, and institutional flows collected from Reuters.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research. Note: The numbers on top of items represent the forward P/E ratio, if available.

The list has been sorted by the change in institutional ownership.

1. Skechers USA Inc. (NYSE:SKX): Apparel Footwear & Accessories Industry. Market cap of $984.51M. The stock is 9.47% above its 52-week low. Institutional investors currently own 39,773,355 shares vs. 37,664,784 shares held three months ago (+5.6% change). Short float at 18.16%, which implies a short ratio of 3.28 days. The stock has lost 29.43% over the last year.

2. ADPT Corp (OTC:ADPT-OLD):
Computer Based Systems Industry. Market cap of $341.68M. The stock is 5.97% above its 52-week low. Institutional investors currently own 18,520,353 shares vs. 17,718,548 shares held three months ago (+4.53% change). Short float at 2.72%, which implies a short ratio of 13.33 days. The stock has lost 16.22% over the last year.

3. Savient Pharmaceuticals, Inc. (SVNT):
Biotechnology Industry. Market cap of $751.08M. The stock is 4.79% above its 52-week low. Institutional investors currently own 73,387,217 shares vs. 71,240,544 shares held three months ago (+3.01% change). Short float at 19.64%, which implies a short ratio of 4.03 days. The stock has gained 0% over the last year.

4. DreamWorks Animation SKG Inc. (NASDAQ:DWA):
Movie Production Industry. Market cap of $2.45B. The stock is 9.92% above its 52-week low. Institutional investors currently own 67,519,569 shares vs. 65,712,969 shares held three months ago (+2.75% change). Short float at 8.46%, which implies a short ratio of 8.22 days. The stock has lost 28.6% over the last year.

5. Winn-Dixie Stores Inc. (NASDAQ:WINN):
Grocery Stores Industry. Market cap of $355.95M. The stock is 6.22% above its 52-week low. Institutional investors currently own 49,522,886 shares vs. 48,337,834 shares held three months ago (+2.45% change). Short float at 6.64%, which implies a short ratio of 4.56 days. The stock has lost 36.16% over the last year.

6. Orion Marine Group, Inc (NYSE:ORN):
Heavy Construction Industry. Market cap of $314.19M. The stock is 9.21% above its 52-week low. Institutional investors currently own 28,810,375 shares vs. 28,467,726 shares held three months ago (+1.2% change). Short float at 8.05%, which implies a short ratio of 6.62 days. The stock has lost 46.37% over the last year.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.