Markets

General Cable Corporation (BGC) Institutional Ownership Summary

General Cable Corporation (BGC) Institutional Ownership Summary

The 52-Week High range of the stock is $29.75, while the 52-week low range is $14.95. With almost 140 years of experience, sales of over €7.5 billion in 2016, 21,000 employees across 50 countries and 82 plants, the Group is strongly positioned in high-tech markets and offers the widest possible range of products, services, technologies and know-how. A lower P/B ratio could mean that the stock is undervalued.

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. The 1 year EPS growth rate is -557.70%.

At the end of 09/30/2017 reporting period, 84 institutional holders increased their position in General Cable Corporation (NYSE:BGC) by some 8,891,182 shares, 74 decreased positions by 7,469,469 and 30 held positions by 34,968,182. The total amount of shares outstanding is 49.85 million, giving the company a market capitalization of about 1.47 billion.

BGC's relative volume was 27.90. While in the same Quarter Previous year, the Actual EPS was $0.05.

A number of key analysts, polled by FactSet, shared their views about the current stock momentum. According to the Analysts, the Low Earnings estimate for the current quarter is $0.24, while the High earnings estimate is $0.24.Comparatively, EPS for the same quarter a year ago was $0.27. Massachusetts-based Martingale Asset Limited Partnership has invested 0.02% in General Cable Corporation (NYSE:BGC).

The SMA200 of the stock is at 62.53%, SMA20 is 42.72%, while SMA50 is 41.91%. The company's net profit margin has achieved the current level of -4.7 percent and possesses 10.7 percent gross margin. Analysts have a mean recommendation of 3.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

10 suspects arrested over Malta journalist slaying
Caruana Galizia was a leading investigative reporter and had a widely read blog which she used to expose crime on Malta. Under Maltese law, they can be interrogated for 48 hours before a decision must be made to prosecute or release them.

Annual Sales Growth in the past 5 years was -8 percent.

The company last reported its quarterly results on Nov 01 AMC. For the past 5 years, the company's revenue has grown 0%, while the company's earnings per share has grown 0%.

The Stock had a 3 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 3 and 3 respectively.

Many value investors look for stocks with a high percent of insider ownership, under the theory that when management are shareholders, they will act in its own self interest, and create shareholder value in the long-term. Alphamark Advisors Lc has invested 0% of its portfolio in General Cable Corporation (NYSE:BGC).

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments.

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.


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