As Belden INC (BDC) Stock Price Rose, Holder Channing Capital Management LLC Has Raised Stake

November 10, 2018 - By Vivian Park

Belden Inc. (NYSE:BDC) LogoInvestors sentiment increased to 1.02 in 2018 Q2. Its up 0.01, from 1.01 in 2018Q1. It is positive, as 27 investors sold BDC shares while 70 reduced holdings. 31 funds opened positions while 68 raised stakes. 48.63 million shares or 8.97% more from 44.62 million shares in 2018Q1 were reported. Amer Group Incorporated invested in 0.02% or 107,389 shares. Jpmorgan Chase And holds 53,233 shares or 0% of its portfolio. Hexavest stated it has 0% of its portfolio in Belden Inc. (NYSE:BDC). Morgan Stanley holds 133,592 shares. Alliancebernstein Lp has invested 0% of its portfolio in Belden Inc. (NYSE:BDC). Invesco Ltd, a Georgia-based fund reported 2.03 million shares. Rafferty Asset Mngmt Limited Company has invested 0.01% in Belden Inc. (NYSE:BDC). Fdx Advisors Incorporated has invested 0.06% in Belden Inc. (NYSE:BDC). Retirement Systems Of Alabama has 0.02% invested in Belden Inc. (NYSE:BDC) for 52,637 shares. Barclays Public Ltd Company invested 0% in Belden Inc. (NYSE:BDC). Ls Invest Ltd Liability Com reported 0.01% stake. Arrowmark Colorado Hldg Ltd Liability Com holds 1.04M shares or 0.58% of its portfolio. The Delaware-based Riverhead Capital Management Limited Liability has invested 0.01% in Belden Inc. (NYSE:BDC). Cim Invest Mangement reported 7,847 shares or 0.17% of all its holdings. Suffolk Capital Mgmt Limited Liability Corp holds 0.14% or 16,600 shares.

Since May 14, 2018, it had 0 insider buys, and 1 insider sale for $17,797 activity. 247 shares were sold by Turner Paul Keith, worth $17,797 on Friday, August 31.

Channing Capital Management Llc increased its stake in Belden Inc (BDC) by 6.32% based on its latest 2018Q2 regulatory filing with the SEC. Channing Capital Management Llc bought 73,699 shares as the company’s stock rose 15.36% with the market. The institutional investor held 1.24 million shares of the telecommunications equipment company at the end of 2018Q2, valued at $75.76 million, up from 1.17M at the end of the previous reported quarter. Channing Capital Management Llc who had been investing in Belden Inc for a number of months, seems to be bullish on the $2.21 billion market cap company. The stock decreased 2.42% or $1.35 during the last trading session, reaching $54.47. About 660,699 shares traded or 69.40% up from the average. Belden Inc. (NYSE:BDC) has declined 11.59% since November 10, 2017 and is downtrending. It has underperformed by 27.21% the S&P500.

Channing Capital Management Llc, which manages about $1.58B and $2.83 billion US Long portfolio, decreased its stake in Halyard Health Inc by 84,460 shares to 1.12M shares, valued at $64.19M in 2018Q2, according to the filing. It also reduced its holding in Centerstate Banks Corporation (NASDAQ:CSFL) by 261,821 shares in the quarter, leaving it with 2.26M shares, and cut its stake in Pioneer Natural Resources (NYSE:PXD).

More news for Belden Inc. (NYSE:BDC) were recently published by: Seekingalpha.com, which released: “Belden -4.7% on soft guidance in Q3 results” on October 31, 2018. Seekingalpha.com‘s article titled: “Belden -3.4% as analysts get cautious after earnings miss” and published on November 01, 2018 is yet another important article.

Belden Inc. (NYSE:BDC) Ratings Coverage

Among 2 analysts covering Belden (NYSE:BDC), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Belden had 2 analyst reports since November 1, 2018 according to SRatingsIntel. The firm has “Hold” rating by SunTrust given on Thursday, November 1. The stock of Belden Inc. (NYSE:BDC) earned “Buy” rating by Canaccord Genuity on Thursday, November 1.

Belden Inc. (NYSE:BDC) Institutional Positions Chart

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