Texas Permanent School Fund cut its stake in General Cable Co. (NYSE:BGC) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,775 shares of the industrial products company’s stock after selling 2,548 shares during the quarter. Texas Permanent School Fund’s holdings in General Cable were worth $1,000,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Deprince Race & Zollo Inc. increased its position in General Cable by 271.7% during the third quarter. Deprince Race & Zollo Inc. now owns 2,076,157 shares of the industrial products company’s stock worth $39,136,000 after buying an additional 1,517,551 shares during the last quarter. Pictet Asset Management Ltd. increased its position in General Cable by 140.4% during the third quarter. Pictet Asset Management Ltd. now owns 1,460,373 shares of the industrial products company’s stock worth $27,528,000 after buying an additional 852,953 shares during the last quarter. Vanguard Group Inc. increased its position in General Cable by 10.2% during the second quarter. Vanguard Group Inc. now owns 9,133,245 shares of the industrial products company’s stock worth $149,328,000 after buying an additional 846,481 shares during the last quarter. Highbridge Capital Management LLC increased its position in General Cable by 303.6% during the third quarter. Highbridge Capital Management LLC now owns 1,109,879 shares of the industrial products company’s stock worth $20,921,000 after buying an additional 834,897 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in General Cable by 324.6% during the third quarter. Russell Investments Group Ltd. now owns 699,896 shares of the industrial products company’s stock worth $13,193,000 after buying an additional 535,063 shares during the last quarter. 93.05% of the stock is currently owned by institutional investors and hedge funds.

General Cable Co. (NYSE BGC) opened at $29.55 on Thursday. The company has a current ratio of 1.98, a quick ratio of 1.10 and a debt-to-equity ratio of 8.42. The company has a market cap of $1,480.00, a price-to-earnings ratio of -8.30 and a beta of 2.75. General Cable Co. has a 1 year low of $14.95 and a 1 year high of $30.17.

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General Cable 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 (NYSE:BGC)

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