Could Belden Inc (NYSE:BDC) Change Direction After More Shorts?

March 19, 2018 - By Marguerite Chambers

 Could Belden Inc (NYSE:BDC) Change Direction After More Shorts?

Investors sentiment increased to 1.18 in Q3 2017. Its up 0.18, from 1 in 2017Q2. It is positive, as 20 investors sold Belden Inc. shares while 69 reduced holdings. 33 funds opened positions while 72 raised stakes. 43.50 million shares or 2.17% more from 42.57 million shares in 2017Q2 were reported.
Gsa Cap Ltd Liability Partnership stated it has 3,780 shares or 0.02% of all its holdings. Credit Suisse Ag accumulated 66,155 shares. Alliancebernstein L P holds 0.01% or 90,324 shares. 3,429 were accumulated by Lpl Limited Liability. Royal Bancshares Of Canada holds 0% or 13,845 shares in its portfolio. Guyasuta owns 0.14% invested in Belden Inc. (NYSE:BDC) for 13,965 shares. Thrivent Finance For Lutherans stated it has 358,710 shares or 0.1% of all its holdings. Gemmer Asset Mngmt holds 0.01% in Belden Inc. (NYSE:BDC) or 202 shares. 157,730 are owned by Victory Mngmt. South Dakota Investment Council has 17,700 shares. Eagle Boston Invest Mngmt invested in 171,471 shares. Hexavest Incorporated stated it has 1,400 shares. Global X Lc has 18,617 shares. Jane Street Gp Ltd Llc accumulated 5,094 shares or 0% of the stock. Adams Diversified Equity Fund reported 0.06% in Belden Inc. (NYSE:BDC).

Since October 6, 2017, it had 0 buys, and 3 sales for $1.56 million activity. 17,227 shares valued at $1.46 million were sold by Stroup John S on Friday, October 6.

The stock of Belden Inc (NYSE:BDC) registered an increase of 2.93% in short interest. BDC’s total short interest was 2.96M shares in March as published by FINRA. Its up 2.93% from 2.88M shares, reported previously. With 220,000 shares average volume, it will take short sellers 14 days to cover their BDC’s short positions. The short interest to Belden Inc’s float is 7.13%.

The stock decreased 1.62% or $1.25 during the last trading session, reaching $75.92. About 39,246 shares traded. Belden Inc. (NYSE:BDC) has risen 12.57% since March 19, 2017 and is uptrending. It has underperformed by 4.13% the S&P500.

Belden Inc. designs, manufactures, and markets signal transmission solutions worldwide. The company has market cap of $3.18 billion. The Company’s Broadcast Solutions segment offers camera solutions, production switchers, server and storage systems for instant replay applications, interfaces and routers, monitoring systems, network and playout systems, plant connectivity products, and cable and connectivity products for television broadcast, cable, satellite, and IPTV industries. It has a 55.42 P/E ratio. The companyÂ’s Enterprise Connectivity Solutions segment provides copper cable and connectivity solutions, fiber cable and connectivity solutions, and racks and enclosures; and power, cooling, and airflow management products for mission-critical data center operations.

Belden Inc. (NYSE:BDC) Ratings Coverage

Among 13 analysts covering Belden Inc. (NYSE:BDC), 6 have Buy rating, 0 Sell and 7 Hold. Therefore 46% are positive. Belden Inc. has $97.0 highest and $60 lowest target. $87.88’s average target is 15.75% above currents $75.92 stock price. Belden Inc. had 25 analyst reports since July 24, 2015 according to SRatingsIntel. Suntrust Robinson downgraded Belden Inc. (NYSE:BDC) on Wednesday, September 7 to “Neutral” rating. The stock has “Hold” rating by SunTrust on Thursday, February 1. The firm has “Buy” rating given on Tuesday, September 12 by Canaccord Genuity. The rating was reinitiated by Stifel Nicolaus on Monday, April 4 with “Buy”. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, July 6. The firm has “Buy” rating by TheStreet given on Friday, July 31. Canaccord Genuity maintained the stock with “Buy” rating in Monday, July 10 report. The stock of Belden Inc. (NYSE:BDC) has “Buy” rating given on Tuesday, July 11 by Guggenheim. The stock has “Buy” rating by Canaccord Genuity on Wednesday, August 16. JP Morgan initiated it with “Neutral” rating and $76 target in Monday, February 13 report.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.