Teachers Retirement System of The State of Kentucky Holds Position in General Cable Corporation (NYSE:BGC)
Teachers Retirement System of The State of Kentucky continued to hold its stake in General Cable Corporation (NYSE:BGC) during the first quarter, Holdings Channel reports. The firm owned 14,400 shares of the industrial products company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in General Cable Corporation were worth $258,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in BGC. Caxton Associates LP purchased a new stake in General Cable Corporation during the first quarter worth about $239,000. Jane Street Group LLC purchased a new stake in General Cable Corporation during the first quarter worth about $213,000. Gotham Asset Management LLC raised its stake in General Cable Corporation by 387.8% in the first quarter. Gotham Asset Management LLC now owns 273,190 shares of the industrial products company’s stock worth $4,904,000 after buying an additional 217,189 shares in the last quarter. State Street Corp raised its stake in General Cable Corporation by 5.5% in the first quarter. State Street Corp now owns 1,194,415 shares of the industrial products company’s stock worth $21,441,000 after buying an additional 62,580 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its stake in General Cable Corporation by 7.4% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,450,500 shares of the industrial products company’s stock worth $26,037,000 after buying an additional 100,000 shares in the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.
General Cable Corporation (NYSE:BGC) traded down 1.36% during midday trading on Thursday, hitting $18.15. 167,277 shares of the stock were exchanged. The firm’s market capitalization is $903.04 million. General Cable Corporation has a one year low of $11.70 and a one year high of $20.80. The company has a 50 day moving average price of $17.43 and a 200 day moving average price of $17.35.
General Cable Corporation (NYSE:BGC) last released its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.12. General Cable Corporation had a positive return on equity of 13.47% and a negative net margin of 4.80%. The firm had revenue of $943.10 million for the quarter. Equities analysts anticipate that General Cable Corporation will post $0.75 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.91%. The ex-dividend date is Thursday, September 7th. General Cable Corporation’s payout ratio is -20.17%.
TRADEMARK VIOLATION NOTICE: “Teachers Retirement System of The State of Kentucky Holds Position in General Cable Corporation (NYSE:BGC)” was first posted by Watch List News and is owned by of Watch List News. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.watchlistnews.com/teachers-retirement-system-of-the-state-of-kentucky-holds-position-in-general-cable-corporation-nysebgc/1471033.html.
Separately, BidaskClub upgraded shares of General Cable Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock 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.
Want to see what other hedge funds are holding BGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Cable Corporation (NYSE:BGC).
Receive News & Ratings for General Cable Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Cable Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.