What’s in General Cable Corporation After Today’s Bullish Options Activity?

 What's in General Cable Corporation After Today's Bullish Options Activity?

In today’s session General Cable Corporation (BGC) registered an unusually high (250) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious BGC increase. With 250 contracts traded and 3324 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: BGC161216C00019000 closed last at: $0.9 or 0% . About 22,653 shares traded hands. General Cable Corporation (NYSE:BGC) has risen 40.63% since April 26, 2016 and is uptrending. It has outperformed by 35.37% the S&P500.

Analysts await General Cable Corporation (NYSE:BGC) to report earnings on February, 8. They expect $0.09 earnings per share, up 80.00% or $0.04 from last year’s $0.05 per share. BGC’s profit will be $4.45 million for 51.94 P/E if the $0.09 EPS becomes a reality. After $0.07 actual earnings per share reported by General Cable Corporation for the previous quarter, Wall Street now forecasts 28.57% EPS growth.

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 0.9 in 2016 Q2. Its down 0.17, from 1.07 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.
Schwab Charles Investment Mngmt last reported 628,125 shares in the company. Cornerstone Cap Mgmt Hldgs Ltd Limited Liability Company last reported 387,000 shares in the company. Dimensional Fund Advisors Lp holds 0.02% or 2.62 million shares in its portfolio. National Bank & Trust Of Montreal Can accumulated 31,133 shares or 0% of the stock. Aqr Capital Limited Co owns 254,249 shares or 0.01% of their US portfolio. Moreover, Walleye Trading Lc has 0% invested in General Cable Corporation (NYSE:BGC) for 12,421 shares. Towle & last reported 1.25 million shares in the company. Price T Rowe Associates Md last reported 0% of its portfolio in the stock. Stevens Cap Management Limited Partnership accumulated 18,472 shares or 0.01% of the stock. Point72 Asset Management L P, a Connecticut-based fund reported 308,100 shares. Pinebridge Invests Ltd Partnership last reported 6,245 shares in the company. Northern Corporation has 634,853 shares for 0% of their US portfolio. Louisiana State Employees Retirement Sys has 0.01% invested in the company for 21,800 shares. Morgan Stanley holds 713,822 shares or 0% of its portfolio. The United Kingdom-based Aviva Public Limited Liability has invested 0% in General Cable Corporation (NYSE:BGC).

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 $924.29 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 news for General Cable Corporation (NYSE:BGC) were recently published by: Blogs.Wsj.com, which released: “General Cable Sets Aside More for Foreign Corruption Settlement” on February 11, 2016. Cincinnati.com‘s article titled: “General Cable shares fall 32% on Q4 loss, bribe-probe update” and published on February 11, 2016 is yet another important article.

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