What’s in Belden Incorporated (NYSE:BDC) After Decline in Shorted Shares?

December 8, 2017 - By Michael Collier

 What’s in Belden Incorporated (NYSE:BDC) After Decline in Shorted Shares?

Investors sentiment decreased to 1 in Q2 2017. Its down 0.23, from 1.23 in 2017Q1. It turned negative, as 32 investors sold Belden Inc. shares while 73 reduced holdings. 30 funds opened positions while 75 raised stakes. 42.57 million shares or 1.03% more from 42.14 million shares in 2017Q1 were reported.
Franklin Resources invested 0% in Belden Inc. (NYSE:BDC). Eagle Boston reported 169,563 shares. Retirement Of Alabama, Alabama-based fund reported 54,496 shares. 155,527 are held by Goldman Sachs Grp Incorporated. Cim Invest Mangement invested in 4,687 shares or 0.13% of the stock. Parametric Associate reported 0.01% in Belden Inc. (NYSE:BDC). Investment Counselors Of Maryland Ltd Liability Corporation reported 236,141 shares or 0.92% of all its holdings. Crestpoint Capital Management Ltd Company reported 4,900 shares. Thrivent Financial For Lutherans reported 0.11% stake. Sg Americas Ltd Liability Co owns 17,673 shares. Tudor Et Al holds 0.02% or 8,460 shares in its portfolio. Channing Ltd Llc owns 986,271 shares. Ny State Common Retirement Fund holds 109,082 shares or 0.01% of its portfolio. Louisiana State Employees Retirement Systems holds 0.04% of its portfolio in Belden Inc. (NYSE:BDC) for 11,000 shares. Asset Mngmt invested in 2,670 shares.

The stock of Belden Incorporated (NYSE:BDC) registered a decrease of 3.78% in short interest. BDC’s total short interest was 3.48M shares in December as published by FINRA. Its down 3.78% from 3.62M shares, reported previously. With 197,100 shares average volume, it will take short sellers 18 days to cover their BDC’s short positions. The short interest to Belden Incorporated’s float is 8.37%.

The stock decreased 0.56% or $0.46 during the last trading session, reaching $81.83. About 335,281 shares traded or 41.28% up from the average. Belden Inc. (NYSE:BDC) has risen 12.57% since December 8, 2016 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 $3.45 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 56.83 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. $87.13’s average target is 6.48% above currents $81.83 stock price. Belden Inc. had 24 analyst reports since July 24, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $8700 target in Thursday, July 6 report. The firm earned “Neutral” rating on Wednesday, September 7 by Suntrust Robinson. The stock of Belden Inc. (NYSE:BDC) earned “Buy” rating by Goldman Sachs on Friday, June 23. The firm has “Neutral” rating given on Monday, February 13 by JP Morgan. The firm earned “Buy” rating on Tuesday, December 8 by Canaccord Genuity. As per Monday, July 10, the company rating was maintained by Canaccord Genuity. The rating was reinitiated by Stifel Nicolaus with “Buy” on Monday, April 4. The firm earned “Buy” rating on Wednesday, December 6 by Stifel Nicolaus. As per Friday, December 1, the company rating was downgraded by Cross Research. The rating was upgraded by TheStreet on Friday, July 31 to “Buy”.

More important recent Belden Inc. (NYSE:BDC) news were published by: Businesswire.com which released: “Belden’s Steve Lampen Wins NewBay’s Industry Innovator Awards, Presented by TV …” on November 08, 2017, also Businesswire.com published article titled: “Belden Appoints Diane Brink to Board of Directors”, Businesswire.com published: “Belden to Host 2017 Financial Analyst and Investor Day Webcast and Reaffirm …” on December 05, 2017. More interesting news about Belden Inc. (NYSE:BDC) was released by: Businesswire.com and their article: “Belden to Host 2017 Financial Analyst and Investor Day Webcast on December 5” with publication date: November 21, 2017.

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