Engineers Gate Manager LP Invests $1.28 Million in General Cable Co. (BGC)

Engineers Gate Manager LP acquired a new position in General Cable Co. (NYSE:BGC) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 43,109 shares of the industrial products company’s stock, valued at approximately $1,276,000.

Several other hedge funds have also bought and sold shares of BGC. Vanguard Group Inc. grew its stake in shares of General Cable by 10.2% in the 2nd quarter. Vanguard Group Inc. now owns 9,133,245 shares of the industrial products company’s stock valued at $149,328,000 after buying an additional 846,481 shares during the period. Deprince Race & Zollo Inc. grew its stake in shares of General Cable by 271.7% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 2,076,157 shares of the industrial products company’s stock valued at $39,136,000 after buying an additional 1,517,551 shares during the period. Pzena Investment Management LLC grew its stake in shares of General Cable by 2.4% in the 3rd quarter. Pzena Investment Management LLC now owns 1,751,815 shares of the industrial products company’s stock valued at $33,022,000 after buying an additional 40,856 shares during the period. Pictet Asset Management Ltd. grew its stake in shares of General Cable by 140.4% in the 3rd quarter. Pictet Asset Management Ltd. now owns 1,460,373 shares of the industrial products company’s stock valued at $27,528,000 after buying an additional 852,953 shares during the period. Finally, Towle & Co. grew its stake in shares of General Cable by 3.4% in the 3rd quarter. Towle & Co. now owns 1,360,804 shares of the industrial products company’s stock valued at $25,651,000 after buying an additional 44,317 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Shares of General Cable Co. (NYSE:BGC) opened at $29.45 on Friday. The company has a debt-to-equity ratio of 8.42, a current ratio of 1.98 and a quick ratio of 1.10. The company has a market capitalization of $1,493.39, a PE ratio of 43.38 and a beta of 2.76. General Cable Co. has a 12 month low of $14.95 and a 12 month high of $30.17.

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About General Cable

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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