Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in General Cable Corp. (NYSE:BGC) by 8.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 109,125 shares of the company’s stock after buying an additional 8,485 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned approximately 0.22% of General Cable Corp. worth $1,635,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BGC. Vanguard Group Inc. boosted its position in shares of General Cable Corp. by 4.6% in the second quarter. Vanguard Group Inc. now owns 7,131,463 shares of the company’s stock valued at $90,641,000 after buying an additional 311,416 shares during the period. BlackRock Fund Advisors boosted its position in shares of General Cable Corp. by 3.3% in the second quarter. BlackRock Fund Advisors now owns 3,190,884 shares of the company’s stock valued at $40,556,000 after buying an additional 101,317 shares during the period. Systematic Financial Management LP boosted its position in shares of General Cable Corp. by 691.3% in the second quarter. Systematic Financial Management LP now owns 1,461,440 shares of the company’s stock valued at $18,574,000 after buying an additional 1,276,740 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in shares of General Cable Corp. by 5.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,315,208 shares of the company’s stock valued at $16,716,000 after buying an additional 68,131 shares during the period. Finally, Towle & Co. boosted its position in shares of General Cable Corp. by 0.5% in the second quarter. Towle & Co. now owns 1,254,608 shares of the company’s stock valued at $15,946,000 after buying an additional 6,260 shares during the period. 99.90% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for General Cable Corp. (NYSE:BGC)

Shares of General Cable Corp. (NYSE:BGC) traded down 1.32% during mid-day trading on Tuesday, reaching $18.65. The company’s stock had a trading volume of 401,447 shares. General Cable Corp. has a one year low of $6.22 and a one year high of $19.35. The stock has a 50 day moving average of $15.37 and a 200-day moving average of $14.65. The stock’s market cap is $919.37 million.

General Cable Corp. (NYSE:BGC) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.19. The firm had revenue of $924.50 million for the quarter, compared to analysts’ expectations of $925 million. General Cable Corp. had a negative net margin of 0.98% and a positive return on equity of 33.36%. The firm’s quarterly revenue was down 15.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 EPS. On average, equities research analysts expect that General Cable Corp. will post $0.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 9th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Wednesday, December 7th. General Cable Corp.’s payout ratio is presently -90.00%.

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BGC has been the topic of several research analyst reports. DA Davidson reissued a “hold” rating on shares of General Cable Corp. in a research note on Monday, November 7th. TheStreet raised General Cable Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 29th. Finally, Zacks Investment Research raised General Cable Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 5th.

About General Cable Corp.

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 operates through four segments: North America, Europe, Latin America, and Africa/Asia Pacific.

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