General Cable Corporation (NYSE:BGC) Position Boosted by Quantbot Technologies LP

General Cable

Northern Kentucky's General Cable Corp. agrees to be acquired in $3B deal

The volume of 2 Million shares climbed down over an trading activity of 996.53 Million shares. Spark Investment Mgmt Ltd Liability has 0.13% invested in General Cable Corporation (NYSE:BGC) for 128,400 shares. The company's institutional ownership is monitored at 0 percent. State of Alaska Department of Revenue now owns 9,793 shares of the industrial products company's stock valued at $160,000 after purchasing an additional 4,323 shares during the last quarter. American Century Companies Inc. grew its stake in shares of General Cable by 3.3% in the second quarter. Earnings surprises can have a huge impact on a company's stock price. Municipal Employees Retirement System of MI lifted its holdings in shares of General Cable by 4.2% in the second quarter.

The top 5 institutional holders, in ascending order, are as follows: BLACKROCK INC. with 6.12 million shares, VANGUARD GROUP INC with 5.52 million shares, VICTORY CAPITAL MANAGEMENT INC with 3.29 million shares, DEPRINCE RACE & ZOLLO INC with 2.08 million shares, and JPMORGAN CHASE & CO with 2.01 million shares. Over the past month the firm's stock is -8.05%, 8.11% for the last quarter, -2.44% for the past six-months and -27.27% for the a year ago. Finally, Northern Trust Corp grew its stake in shares of General Cable by 3.2% in the second quarter. In the a year ago there have been a total of 26 insider trades, including 15 open market buys and 11 sells.

Separately, BidaskClub downgraded shares of General Cable from a "hold" rating to a "sell" rating in a report on Wednesday, August 23rd. The corporation has a market cap of US$1.08 Billion. The company has a quick ratio of 1.10, a current ratio of 1.98 and a debt-to-equity ratio of 8.42.

General Cable Corporation on 9/29/2017 reported its EPS as $0.05 with the analysts projecting the EPS of the stock as $0.18. The 5 months bullish chart indicates low risk for the $1.47B company.

Complementary Footprints

For the Current Quarter, the growth estimate for General Cable Corporation is 340%, while for the Next Quarter the stock growth estimate is -29.6%. The industrial products company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.17 by $0.08. The forecast of 0 surveyed investment analysts covering the stock advises investors to Buy stake in the company. General Cable Corporation (NYSE:BGC) has risen 13.14% since December 4, 2016 and is uptrending. General Cable Corporation has been given an analysts' mean target of 26. While in the same Quarter Previous year, the Actual EPS was $0.05.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Of those insider trades, 0 shares of General Cable Corporation were purchased and 0 shares were sold. The ex-dividend date is Thursday, December 7th. This represents a $0.72 dividend on an annualized basis and a yield of 2.44%.

Additionally on 5/11/15 Stifel Nicolaus "Maintained" General Cable Corp (NYSE:BGC) to Buy setting price target at $21 and on 4/13/15 DA Davidson "Maintained" the stock to Neutral at $18. General Cable develops, designs, manufactures, markets, and distributes copper, aluminum, and fiber optic wire and cable products for the energy, industrial, construction, specialty, and communications markets. The Company's segments include North America, Europe, Latin America, and Africa/Asia Pacific.

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