Cipher Capital LP Has Raised By $4.04 Million Its Firstenergy (FE) Holding; General Cable Has 1.02 Sentiment

May 24, 2018 - By Hilary Hom

FirstEnergy Corp. (NYSE:FE) Logo

General Cable Corp (BGC) investors sentiment decreased to 1.02 in 2017 Q4. It’s down -0.11, from 1.13 in 2017Q3. The ratio fall, as 85 institutional investors started new or increased stock positions, while 83 sold and decreased their stock positions in General Cable Corp. The institutional investors in our database now hold: 46.85 million shares, down from 48.27 million shares in 2017Q3. Also, the number of institutional investors holding General Cable Corp in top ten stock positions increased from 2 to 3 for an increase of 1. Sold All: 38 Reduced: 45 Increased: 39 New Position: 46.

Cipher Capital Lp increased Firstenergy Corp (FE) stake by 150.41% reported in 2017Q4 SEC filing. Cipher Capital Lp acquired 134,629 shares as Firstenergy Corp (FE)’s stock rose 13.29%. The Cipher Capital Lp holds 224,136 shares with $6.86M value, up from 89,507 last quarter. Firstenergy Corp now has $16.18B valuation. The stock increased 0.24% or $0.08 during the last trading session, reaching $33.93. About 1.80 million shares traded. FirstEnergy Corp. (NYSE:FE) has risen 10.00% since May 24, 2017 and is uptrending. It has underperformed by 1.55% the S&P500.

Miura Global Management Llc holds 5.16% of its portfolio in General Cable Corporation for 600,000 shares. Towle & Co owns 1.38 million shares or 4.02% of their US portfolio. Moreover, Gardner Lewis Asset Management L P has 2.63% invested in the company for 1.05 million shares. The Illinois-based Magnetar Financial Llc has invested 1.72% in the stock. Omni Partners Llp, a United Kingdom-based fund reported 315,602 shares.

General Cable Corporation, together with its subsidiaries, develops, designs, makes, markets, and distributes copper, aluminum, and fiber optic wire and cable products for the energy, industrial, construction, specialty, and communications markets in North America, Europe, Latin America, and Africa/the Asia Pacific. The company has market cap of $1.51 billion. It offers electric utility products, including low- and medium-voltage distribution cables; high- and extra-high voltage power transmission cables; bare overhead conductors; and submarine transmission and distribution cables. It currently has negative earnings. The firm also provides electrical infrastructure products, such as rubber-and plastic-jacketed wires and cables, low- and medium-voltage industrial power cables, and cable wire harnesses, as well as rail and mass transit, shipboard, gas and oil, armored mining, and alternative energy power generation cables.

Another recent and important General Cable Corporation (NYSE:BGC) news was published by Seekingalpha.com which published an article titled: “General Cable responds to alleged investigation” on May 23, 2018.

It closed at $29.85 lastly. It is down 77.25% since May 24, 2017 and is uptrending. It has outperformed by 65.70% the S&P500.

Among 20 analysts covering FirstEnergy (NYSE:FE), 9 have Buy rating, 1 Sell and 10 Hold. Therefore 45% are positive. FirstEnergy had 80 analyst reports since July 21, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, October 18 by Evercore. The company was maintained on Monday, July 31 by Deutsche Bank. The firm earned “Peer Perform” rating on Wednesday, December 2 by Wolfe Research. The rating was upgraded by RBC Capital Markets to “Outperform” on Tuesday, August 4. As per Friday, December 2, the company rating was downgraded by Barclays Capital. Goldman Sachs upgraded the shares of FE in report on Monday, October 19 to “Neutral” rating. The stock of FirstEnergy Corp. (NYSE:FE) earned “Overweight” rating by JP Morgan on Friday, September 11. The rating was upgraded by Mizuho to “Buy” on Monday, May 7. The company was maintained on Wednesday, December 2 by Barclays Capital. The firm has “Hold” rating given on Monday, February 26 by Mizuho.

Investors sentiment increased to 1.18 in Q4 2017. Its up 0.05, from 1.13 in 2017Q3. It increased, as 34 investors sold FE shares while 157 reduced holdings. 60 funds opened positions while 166 raised stakes. 369.63 million shares or 2.53% more from 360.52 million shares in 2017Q3 were reported. Valley National Advisers Incorporated has 133 shares. Creative Planning holds 33,025 shares or 0% of its portfolio. Thrivent Fincl For Lutherans holds 0% of its portfolio in FirstEnergy Corp. (NYSE:FE) for 18,043 shares. Jfs Wealth Advisors Ltd Co, a Pennsylvania-based fund reported 5,129 shares. National Bank & Trust Of The West has invested 0.19% in FirstEnergy Corp. (NYSE:FE). National Bank & Trust owns 13,361 shares. Cibc Asset Mngmt Inc has 46,787 shares. 2.15 million are held by Morgan Stanley. Security Trust Com has 0.03% invested in FirstEnergy Corp. (NYSE:FE). Alps Advisors has 0.31% invested in FirstEnergy Corp. (NYSE:FE). Minnesota-based Foundry Prns Limited Liability Corp has invested 0.57% in FirstEnergy Corp. (NYSE:FE). Kistler reported 1,003 shares stake. Moors Cabot holds 0.05% or 13,510 shares. New York-based Oppenheimer And Co Incorporated has invested 0.03% in FirstEnergy Corp. (NYSE:FE). Hightower Advsrs Lc reported 45,312 shares.

General Cable Corporation (NYSE:BGC) Institutional Positions Chart

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