General Cable Corp Stock in Q4 2017 Driven by Institutional Investors

May 17, 2018 - By Mona Holcomb

General Cable Corporation (NYSE:BGC) Logo

Sentiment for General Cable Corp (NYSE:BGC)

General Cable Corp (NYSE:BGC) institutional sentiment decreased to 1.02 in Q4 2017. Its down -0.11, from 1.13 in 2017Q3. The ratio fall, as 85 investment managers increased or opened new equity positions, while 83 sold and decreased their stock positions in General Cable Corp. The investment managers in our partner’s database reported: 46.85 million shares, down from 48.27 million shares in 2017Q3. Also, the number of investment managers holding General Cable Corp in their top 10 equity positions increased from 2 to 3 for an increase of 1. Sold All: 38 Reduced: 45 Increased: 39 New Position: 46.

General Cable Corporation, together with its subsidiaries, develops, designs, makes, markets, and distributes copper, aluminum, and fiber optic wire and cable products for the energy, industrial, construction, specialty, and communications markets in North America, Europe, Latin America, and Africa/the Asia Pacific. The company has market cap of $1.51 billion. It offers electric utility products, including low- and medium-voltage distribution cables; high- and extra-high voltage power transmission cables; bare overhead conductors; and submarine transmission and distribution cables. It currently has negative earnings. The firm also provides electrical infrastructure products, such as rubber-and plastic-jacketed wires and cables, low- and medium-voltage industrial power cables, and cable wire harnesses, as well as rail and mass transit, shipboard, gas and oil, armored mining, and alternative energy power generation cables.

The stock increased 0.17% or $0.05 during the last trading session, reaching $29.85. About 1.28 million shares traded or 40.92% up from the average. General Cable Corporation (NYSE:BGC) has risen 77.25% since May 17, 2017 and is uptrending. It has outperformed by 65.70% the S&P500.

Miura Global Management Llc holds 5.16% of its portfolio in General Cable Corporation for 600,000 shares. Towle & Co owns 1.38 million shares or 4.02% of their US portfolio. Moreover, Gardner Lewis Asset Management L P has 2.63% invested in the company for 1.05 million shares. The Illinois-based Magnetar Financial Llc has invested 1.72% in the stock. Omni Partners Llp, a United Kingdom-based fund reported 315,602 shares.

Another recent and important General Cable Corporation (NYSE:BGC) news was published by Globenewswire.com which published an article titled: “Recent Analysis Shows Extreme Networks, Lumber Liquidators, Owens-Illinois, Arrowhead Pharmaceuticals, Intrepid …” on May 09, 2018.

General Cable Corporation (NYSE:BGC) Institutional Positions Chart

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