10 Large Caps Trading Near Lows, Being Bought by Smart Money

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 |  Includes: AVP, BK, BVN, C, GGB, HPQ, PBR, PCG, SID, SPLS
by: Kapitall

Many analysts follow the trading of institutional investors because they’re traditionally known as the “Smart Money” -- they have more knowledge about companies and spend more time analyzing them than most investors. Here we offer an interesting way to look for undervalued opportunities. We screened large-cap companies trading near their 52-week lows for those that have seen significant net institutional buying over the current quarter.

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.

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

List sorted by net institutional purchases as a percent of share float.

1. Citigroup, Inc. (NYSE:C): Money Center Banks Industry. Market cap of $116.21B. The stock is trading 9.23% above its 52-week low. Net institutional purchases over the current quarter at 138.8M, representing 4.77% of the company's 2.91B share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.55). It's been a rough couple of days for the stock, losing 7.21% over the last week.

2. Avon Products Inc. (NYSE:AVP): Personal Products Industry. Market cap of $12.14B. The stock is trading 8.71% above its 52-week low. Net institutional purchases over the current quarter at 9.4M, representing 2.23% of the company's 422.42M share float. The stock has gained 2.32% over the last year.

3. The Bank of New York Mellon Corporation (NYSE:BK): Asset Management Industry. Market cap of $31.13B. The stock is trading 6.87% above its 52-week low. Net institutional purchases over the current quarter at 14.8M, representing 1.19% of the company's 1.24B share float. Might be undervalued at current levels, with a PEG ratio at 0.9, and P/FCF ratio at 12.49. The stock has lost 3.17% over the last year.

4. Staples, Inc. (NASDAQ:SPLS): Specialty Retail, Other Industry. Market cap of $10.89B. The stock is trading 6.0% above its 52-week low. Net institutional purchases over the current quarter at 20.9M, representing 2.95% of the company's 707.97M share float. Might be undervalued at current levels, with a PEG ratio at 0.84, and P/FCF ratio at 14.02. The stock has lost 20.63% over the last year.

5. Compania de Minas Buenaventura SA (NYSE:BVN): Gold Industry. Market cap of $10.07B. The stock is trading 5.53% above its 52-week low. Net institutional purchases over the current quarter at 5.6M, representing 3.05% of the company's 183.36M share float. The stock has lost 6.02% over the last year.

6. Gerdau S.A. (NYSE:GGB): Steel & Iron Industry. Market cap of $14.48B. The stock is trading 5.06% above its 52-week low. Net institutional purchases over the current quarter at 13.2M, representing 1.67% of the company's 790.68M share float. It's been a rough couple of days for the stock, losing 5.99% over the last week.

7. Petroleo Brasileiro (NYSE:PBR): Oil & Gas Drilling & Exploration Industry. Market cap of $213.80B. The stock is trading 4.97% above its 52-week low. Net institutional purchases over the current quarter at 44.5M, representing 1.23% of the company's 3.63B share float. The stock has lost 7.92% over the last year.

8. PG & E Corp. (NYSE:PCG): Diversified Utilities Industry. Market cap of $16.78B. The stock is trading 4.94% above its 52-week low. Net institutional purchases over the current quarter at 618.1K, representing 0.16% of the company's 395.66M share float. The stock has gained 2.18% over the last year.

9. Hewlett-Packard Company (NYSE:HPQ): Diversified Computer Systems Industry. Market cap of $73.20B. The stock is trading 4.63% above its 52-week low. Net institutional purchases over the current quarter at 97.2M, representing 4.70% of the company's 2.07B share float. The stock has lost 22.03% over the last year.

10. Companhia Siderurgica Nacional (NYSE:SID): Steel & Iron Industry. Market cap of $17.56B. The stock is trading 1.29% above its 52-week low. Net institutional purchases over the current quarter at 2.3M, representing 0.36% of the company's 631.08M share float. It's been a rough couple of days for the stock, losing 6.18% over the last week.

Institutional data sourced from Fidelity, all other data sourced from Finviz.

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