Channing Capital Management LLC Raised Stake in Belden INC (BDC) by $15.07 Million

September 8, 2018 - By Megan Stone

Belden Inc. (NYSE:BDC) LogoInvestors sentiment decreased to 1.01 in Q1 2018. Its down 0.13, from 1.14 in 2017Q4. It fall, as 29 investors sold BDC shares while 72 reduced holdings. 27 funds opened positions while 75 raised stakes. 44.62 million shares or 3.56% more from 43.09 million shares in 2017Q4 were reported. Goldman Sachs accumulated 327,815 shares or 0.01% of the stock. Bank & Trust Of Montreal Can holds 0% of its portfolio in Belden Inc. (NYSE:BDC) for 7,293 shares. Howe And Rusling reported 20 shares. Comerica Bancshares has 98,519 shares. Hm Capital Mngmt Ltd Liability stated it has 3,962 shares or 0.22% of all its holdings. Moreover, Kennedy Cap Mngmt has 0.7% invested in Belden Inc. (NYSE:BDC) for 524,438 shares. Bbva Compass Comml Bank Inc holds 0.03% or 7,356 shares in its portfolio. Cornercap Counsel, a Georgia-based fund reported 9,495 shares. National Bank & Trust Of America De owns 270,782 shares for 0% of their portfolio. Smith Graham Co Inv LP reported 105,327 shares. Gamco Investors Et Al owns 0.01% invested in Belden Inc. (NYSE:BDC) for 13,800 shares. Aperio Gp Llc has 27,796 shares for 0.01% of their portfolio. Jane Street Gp Ltd Llc owns 5,561 shares for 0% of their portfolio. First Citizens Bank And has 4,135 shares for 0.04% of their portfolio. Century accumulated 549,532 shares.

Since May 14, 2018, it had 1 buy, and 1 insider sale for $90,815 activity. Another trade for 247 shares valued at $17,797 was made by Turner Paul Keith on Friday, August 31.

Channing Capital Management Llc increased its stake in Belden Inc (BDC) by 23.46% based on its latest 2018Q1 regulatory filing with the SEC. Channing Capital Management Llc bought 221,563 shares as the company’s stock declined 25.79% with the market. The institutional investor held 1.17M shares of the telecommunications equipment company at the end of 2018Q1, valued at $80.37 million, up from 944,305 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 $2.86 billion market cap company. The stock decreased 0.04% or $0.03 during the last trading session, reaching $70.34. About 155,204 shares traded. Belden Inc. (NYSE:BDC) has declined 20.54% since September 8, 2017 and is downtrending. It has underperformed by 33.11% the S&P500.

Channing Capital Management Llc, which manages about $1.58B and $2.86 billion US Long portfolio, decreased its stake in Pioneer Natural Resources (NYSE:PXD) by 25,231 shares to 77,422 shares, valued at $13.30M in 2018Q1, according to the filing. It also reduced its holding in Ingevity Corp by 137,098 shares in the quarter, leaving it with 901,876 shares, and cut its stake in Evercore Inc (NYSE:EVR).

Belden Inc. (NYSE:BDC) Ratings Coverage

Among 2 analysts covering Belden (NYSE:BDC), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Belden had 2 analyst reports since March 26, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, March 29 by Stifel Nicolaus. The rating was upgraded by SunTrust to “Buy” on Monday, March 26.

Belden Inc. (NYSE:BDC) Institutional Positions Chart

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