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Stocks That Fell to 3-Year Lows in the Week of Nov. 15

HSBC Holdings PLC (NYSE:HSBC), Macerich Co. (NYSE:MAC), AMC Networks Inc. (NASDAQ:AMCX) and Taubman Centers Inc. (NYSE:TCO) have declined to their three-year lows.

HSBC Holdings declined to $37.01

The price of HSBC Holdings shares declined to $37.01 on Nov. 15, which is only 4.5% above the three-year low of $35.36.

HSBC Holdings is a British international financial services holding company. As of December 2018, it is the largest bank in Europe with total assets of $2.558 trillion. The company has around 3,900 offices in 67 countries across the globe and around 38 million customers. The company is also a component of the FTSE 100.


HSBC has a market cap of $149.95 billion; its shares were traded around $37.01 with a price-earnings ratio of 26.18 and a price-sales ratio of 4.51. The trailing 12-month dividend yield is 6.88%. The forward dividend yield is 5.43%.

On Oct. 28, HSBC Holdings announced financial results for the third quarter. Profit for the quarter decreased 24% to $3 billion compared to the prior-year quarter, while reported profit before taxes decreased 18% to $4.8 billion. Reported revenue for the quarter was $13.4 billion, a 3% decrease. Reported profit before tax in Asia was $4.7 billion, a 4% increase.

Macerich declined to $27.80

The price of Macerich shares declined to $27.80 on Nov. 15, which is only 3.3% above the three-year low of $26.87.

Macerich is an American self-managed real estate investment trust. It is the third-largest owner and operator of shopping centers in the U.S. and is a component of the S&P 500. The company owns property across the U.S., including in California, Arizona, Washington, Missouri and New York.

Macerich has a market cap of $3.93 billion; its shares were traded around $27.80 with a price-earnings ratio of 48.77 and a price-sales ratio of 4.21. The trailing 12-month dividend yield is 10.78%. The forward dividend yield is 10.87%.

On Oct. 31, Macerich announced financial results for the third quarter. Net income for the quarter was $46.4 million, or 33 cents per diluted share, compared to net income of $74 million, or 52 cents per diluted share a year ago. Funds from operations for the quarter was $133.2 million, or 88 cents per dilute share, compared to $149.6 million, or 99 cents, in the prior-year quarter.

AMC Networks declined to $39.65

The price of AMC Networks shares declined to $39.65 on Nov. 15, which is only 1.4% above the three-year low of $39.10.

AMC Networks is an American entertainment company that owns and operates the cable channels AMC, IFC, WE tv, BBC America and Sundance TV. The company also owns the IFC Center in New York City and the Independent film company IFC films. In 2015, AMC Networks invested a round of funding in the Latin YouTube network MiTu.

The company has a market cap of $2.2 billion; its shares were traded around $39.65 with a price-earnings ratio of 4.98 and a price-sales ratio of 0.77. AMC Networks had an annual average earnings growth of 15.10% over the past five years.

On Oct. 31, AMC Networks reported third-quarter financial results. Net revenues increased 3.1% to $719 million, while operating income rose 2.3% to $168 million. Diluted earnings per share grew 7.3% to $2.07, while adjusted earnings per share increased 8.4% to $2.33. Free cash flow was $318 million for the nine months ended Sept. 30.

Taubman Centers declined to $35.10

The price of Taubman Centers shares declined to $35.10 on Nov. 15, which is only 1.7% above the three-year low of $34.50.

Taubman Centers is an international real estate company that specializes in owning regional malls in the United States. The company owns the subsidiary Taubman Asia, which is headquartered in Hong Kong. It has the highest-selling portfolio of malls, by square foot, of any mall company in the U.S. Many of the company's malls feature an upscale, bright, white color scheme with contemporary geometric ceiling designs and skylights.

The company has a market cap of $2.15 billion; its shares were traded around $35.10 with a price-earnings ratio of 9.06 and a price-sales ratio of 3.29. The trailing 12-month dividend yield is 7.64%. The forward dividend yield is 7.71%. Taubman Centers had an annual average earnings growth of 1% over the past 10 years.

On Oct. 29, Taubman Centers reported financial results for the third quarter. Net income per diluted share was $3.48, compared to 34 cents in the prior-year quarter. Funds from operations per diluted share was 88 cents for the quarter, compared to $1.05. Sales per square foot increased 11.2%, while trailing 12-month tenant sales per square foot was $688, an increase of 12%.

Disclosure: I do not own stock in any of the companies mentioned in the article.

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This article first appeared on GuruFocus.