Renaissance Technologies LLC increased its stake in shares of General Cable Corporation (NYSE:BGC) by 17.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 445,500 shares of the industrial products company’s stock after buying an additional 64,700 shares during the period. Renaissance Technologies LLC owned about 0.90% of General Cable Corporation worth $7,997,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the stock. Kennedy Capital Management Inc. boosted its stake in General Cable Corporation by 31.8% in the first quarter. Kennedy Capital Management Inc. now owns 396,584 shares of the industrial products company’s stock valued at $7,119,000 after buying an additional 95,613 shares in the last quarter. Geode Capital Management LLC boosted its stake in General Cable Corporation by 11.7% in the first quarter. Geode Capital Management LLC now owns 386,417 shares of the industrial products company’s stock valued at $6,936,000 after buying an additional 40,338 shares in the last quarter. Vanguard Group Inc. boosted its stake in General Cable Corporation by 5.5% in the first quarter. Vanguard Group Inc. now owns 8,286,764 shares of the industrial products company’s stock valued at $148,748,000 after buying an additional 433,933 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in General Cable Corporation by 6.6% in the first quarter. Thrivent Financial For Lutherans now owns 28,430 shares of the industrial products company’s stock valued at $510,000 after buying an additional 1,760 shares in the last quarter. Finally, South Dakota Investment Council boosted its stake in General Cable Corporation by 9.2% in the first quarter. South Dakota Investment Council now owns 109,100 shares of the industrial products company’s stock valued at $1,958,000 after buying an additional 9,200 shares in the last quarter. 99.39% of the stock is owned by institutional investors.
General Cable Corporation (NYSE:BGC) opened at 18.75 on Friday. The company’s market capitalization is $932.89 million. General Cable Corporation has a 52 week low of $11.70 and a 52 week high of $20.80. The firm’s 50-day moving average price is $17.10 and its 200 day moving average price is $17.34.
General Cable Corporation (NYSE:BGC) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by $0.12. The company had revenue of $943.10 million during the quarter. General Cable Corporation had a negative net margin of 4.80% and a positive return on equity of 13.47%. Equities research analysts expect that General Cable Corporation will post $1.00 earnings per share for the current fiscal year.
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Separately, BidaskClub raised General Cable Corporation from a “hold” rating to a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. General Cable Corporation currently has a consensus rating of “Hold”.
About General Cable Corporation
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 Company’s segments include North America, Europe, Latin America, and Africa/Asia Pacific.
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