Published: Wed, December 06, 2017
Finance | By Loren Pratt

Active Volume Stock: General Cable Corporation (BGC)

Active Volume Stock: General Cable Corporation (BGC)

Its down 0.04, from 1.17 in 2017Q1. 22 funds opened positions while 47 raised stakes. Investors of record on Friday, December 8th will be given a $0.18 dividend. 20,200 were accumulated by Louisiana State Employees Retirement System. Northern Tru Corp holds 0% or 658,715 shares. Capstone Asset Mngmt holds 0.01% or 13,689 shares. American Grp Incorporated Inc holds 3% in General Cable Corporation (NYSE:BGC) or 1.92 million shares. On Monday, in pre-market trade, shares in General Cable were up 36.47% at $29.75. Renaissance Tech Ltd holds 253,900 shares. Clearbridge Limited Liability Corporation has 201,439 shares.

The transaction values General Cable at approximately US$3Bn, including debt and certain other General Cable liabilities, and represents a premium of approximately 81% to the General Cable closing price of US$16.55 per share on July 14, 2017, the last day of trading before General Cable announced its review of strategic alternatives. CL King initiated General Cable Corporation (NYSE:BGC) on Thursday, December 1 with "Neutral" rating. General Cable's dividend payout ratio is presently -20.22%. New York-based Millennium Mngmt Lc has invested 0% in General Cable Corporation (NYSE:BGC).

The stock of General Cable Corporation (NYSE:BGC) hit a new 52-week high and has $30.33 target or 3.00 % above today's $29.45 share price. The firm has a market cap of $1,089.23, a price-to-earnings ratio of 32.06 and a beta of 2.89. The 1-year high was reported on Dec, 4 by Barchart.com. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock's price, but also to a gradual increase over time.

In the past 5 years, the stock showed growth of -24.02% per annum. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The overall volume in the last trading session was 2 million shares. The day's total volume of 12206027 this morning is in contrast from the three-month daily average of 1462.23K. General Cable had a positive return on equity of 43.57% and a negative net margin of 4.71%. It has underperformed by 3.56% the S&P500. At present, 2 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data.


General Cable Corporation (BGC) has an Analysts' Mean Recommendation of 3. Recently, investment analysts covering the stock have updated the mean rating to 1.77. The insider, MCDONNELL MICHAEL T, now holds 325,976 shares of BGC. For the current quarter General Cable Corp (NYSE:BGC) has high EPS estimates of $0.22 in contradiction of low EPS estimates of $0.22. More interesting news about General Cable Corporation (NYSE:BGC) were released by: Prnewswire.com and their article: "ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of General Cable ..." published on December 04, 2017 as well as Bloomberg.com's news article titled: "Prysmian Is Said to Be Among Potential General Cable Bidders" with publication date: October 02, 2017.

General Cable (NYSE:BGC), with headquarters in Highland Heights, Kentucky, is a global provider of the development, design, manufacture, marketing and distribution of aluminum, copper and fiber optic wire and cable products for the energy, communications, transportation, industrial, construction and specialty segments. It now has negative earnings.

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