TIAA CREF Investment Management LLC decreased its stake in General Cable Corporation (NYSE:BGC) by 31.1% during the first quarter, Holdings Channel reports. The firm owned 131,771 shares of the industrial products company’s stock after selling 59,481 shares during the period. TIAA CREF Investment Management LLC’s holdings in General Cable Corporation were worth $2,365,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BGC. Guggenheim Capital LLC bought a new position in General Cable Corporation during the fourth quarter valued at $1,424,000. Norges Bank bought a new position in General Cable Corporation during the fourth quarter valued at $10,250,000. Teachers Advisors LLC increased its position in General Cable Corporation by 44.0% in the fourth quarter. Teachers Advisors LLC now owns 127,858 shares of the industrial products company’s stock valued at $2,436,000 after buying an additional 39,062 shares during the period. Bank of Montreal Can increased its position in General Cable Corporation by 1.9% in the first quarter. Bank of Montreal Can now owns 25,999 shares of the industrial products company’s stock valued at $467,000 after buying an additional 491 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in General Cable Corporation by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 20,200 shares of the industrial products company’s stock valued at $363,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 99.39% of the company’s stock.

Shares of General Cable Corporation (BGC) opened at 19.05 on Friday. The stock’s market cap is $947.81 million. General Cable Corporation has a 52 week low of $11.70 and a 52 week high of $20.80. The company’s 50-day moving average is $17.10 and its 200 day moving average is $17.34.

General Cable Corporation (NYSE:BGC) last announced its 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 business had revenue of $943.10 million for the quarter. General Cable Corporation had a positive return on equity of 12.09% and a negative net margin of 4.80%. Analysts forecast that General Cable Corporation will post $1.00 earnings per share for the current fiscal year.

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General Cable Corporation Company Profile

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

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