How Analysts Feel About General Cable Corporation After Today’s Bullish Options Activity?

 How Analysts Feel About General Cable Corporation After Today's Bullish Options Activity?

In today’s session General Cable Corporation (BGC) registered an unusually high (391) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious BGC increase. With 391 contracts traded and 4184 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: BGC161118C00015000 closed last at: $0.65 or 8.3% up. About 82,217 shares traded hands. General Cable Corporation (NYSE:BGC) has risen 9.34% since March 31, 2016 and is uptrending. It has outperformed by 6.81% the S&P500.

According to Zacks Investment Research, “General Cable Corp. is a leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the communications, energy and electrical markets. The company sells its products primarily to commercial, industrial, utility, telecommunications, original equipment manufacturers, military/government, retail, electrical, and communications distributor customers worldwide.”

Insitutional Activity: The institutional sentiment decreased to 1.07 in 2016 Q2. Its down 0.17, from 1.24 in 2016Q1. The ratio fall, as 25 funds sold all General Cable Corporation shares owned while 49 reduced positions. 25 funds bought stakes while 54 increased positions. They now own 45.98 million shares or 4.61% more from 43.96 million shares in 2016Q1.
Ubs Asset Mgmt Americas last reported 0% of its portfolio in the stock. Moreover, Towle has 2.95% invested in General Cable Corporation (NYSE:BGC) for 1.25 million shares. Pub Employees Retirement Association Of Colorado holds 0% of its portfolio in General Cable Corporation (NYSE:BGC) for 16,117 shares. Morgan Stanley reported 713,822 shares or 0% of all its holdings. Zacks Inv Mngmt accumulated 28,943 shares or 0.01% of the stock. State Board Of Administration Of Florida Retirement System has 0% invested in the company for 33,653 shares. New York State Common Retirement Fund reported 268,860 shares or 0% of all its holdings. Teachers Retirement System Of The State Of Kentucky accumulated 0% or 15,400 shares. Barclays Public Limited Com has invested 0% of its portfolio in General Cable Corporation (NYSE:BGC). Ameriprise last reported 489,234 shares in the company. Cna Fincl Corporation last reported 0.21% of its portfolio in the stock. Nomura Asset accumulated 0% or 6,800 shares. Arizona State Retirement Systems holds 25,601 shares or 0% of its portfolio. Louisiana State Employees Retirement reported 21,800 shares or 0.01% of all its holdings. Pinebridge Limited Partnership last reported 0% of its portfolio in the stock.

Insider Transactions: Since May 27, 2016, the stock had 1 buying transaction, and 0 insider sales for $1,386 net activity. The insider WELSH JOHN E III bought $1,386.

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 has a market cap of $625.10 million. The Firm operates through four divisions: North America, Europe, Latin America, and Africa/Asia Pacific. It currently has negative earnings. The Firm additionally engages in the design, integration and installation on a turnkey basis for products, such as high and extra-high voltage terrestrial and submarine systems.

BGC Company Profile

General Cable Corporation, incorporated on April 22, 1994, 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 Firm operates through four divisions: North America, Europe, Latin America, and Africa/Asia Pacific. The Firm additionally engages in the design, integration and installation on a turnkey basis for products, such as high and extra-high voltage terrestrial and submarine systems.

More notable recent General Cable Corporation (NYSE:BGC) news were published by: Businesswire.com which released: “General Cable Corporation to Webcast Discussion of its Third Quarter 2016 Results” on October 18, 2016, also Moodys.com with their article: “Moody’s affirms General Cable’s Corporate Family Rating at B2; rating outlook …” published on September 23, 2015, Blogs.Wsj.com published: “General Cable Sets Aside More for Foreign Corruption Settlement” on February 11, 2016. More interesting news about General Cable Corporation (NYSE:BGC) were released by: Cincinnati.com and their article: “General Cable shares fall 32% on Q4 loss, bribe-probe update” published on February 11, 2016 as well as Businesswire.com‘s news article titled: “General Cable Announces New Chief Human Resources Officer” with publication date: August 30, 2016.

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