Under Analysts Radar: General Cable Corp (BGC)

General Cable

General Cable

The stock exchanged hands 28.72 Million shares versus average trading capacity of 1.03 Million shares. Comerica Bank owned approximately 0.36% of General Cable worth $3,711,000 at the end of the most recent reporting period. For every buyer, there needs to be someone who sold them the shares they bought, just as there must be a buyer in order for a seller to get rid of his or her shares. Average estimation for the current quarter has been provided by 1 analysts. Piedmont Investment Advisors LLC purchased a new stake in General Cable during the second quarter valued at about $175,000.

There are 188 institutional holders with active positions, accounting for 51.33 million shares in total.

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. The company has Beta Value of 2.92 and ATR value of 1.12. The stock's short float is around of 8.68% and short ratio is 2.88.

More notable recent General Cable Corporation (NYSE:BGC) news were published by: Prnewswire.com which released: "ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of General Cable ..." on December 04, 2017, also Benzinga.com with their article: "30 Stocks Moving In Monday's Mid-Day Session" published on December 04, 2017, Benzinga.com published: "30 Stocks Moving In Monday's Pre-Market Session" on December 04, 2017.

General Cable (NYSE:BGC) last posted its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.17 by $0.08. General Cable had a positive return on equity of 43.57% and a negative net margin of 4.71%.

Complementary Footprints
Robecosam AG Purchases New Holdings in General Cable Corporation (NYSE:BGC)

The company's diluted EPS for trailing twelve months was -3.56. During the same period past year, the company posted $0.07 earnings per share. 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 previous year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. This represents a $0.72 dividend on an annualized basis and a yield of 2.44%. The company was initiated on Thursday, December 1 by CL King.

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. Zacks downgraded the shares of BGC in report on Monday, August 10 to "Hold" rating. General Cable Corporation has had 0 insider trades in the last 3 months, including 0 open market buys and 0 sells.

General Cable Corporation is engaged in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets.

The combined company brings together complementary geographical footprints, which includes increasing the exposure of Prysmian Group to North America.

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