Channing Capital Management LLC Upped Its Belden INC (BDC) Holding by $4.50 Million as Market Valuation Rose

September 16, 2018 - By Theresa Judd

Belden Inc. (NYSE:BDC) LogoInvestors sentiment increased to 1.02 in Q2 2018. Its up 0.01, from 1.01 in 2018Q1. It improved, 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. Kbc Nv owns 24,770 shares for 0.01% of their portfolio. Wedge Mgmt L Lp Nc reported 0.2% in Belden Inc. (NYSE:BDC). Minnesota-based Thrivent Financial For Lutherans has invested 0.08% in Belden Inc. (NYSE:BDC). Renaissance Limited Liability Co owns 33,700 shares. Arrowmark Colorado Ltd Liability Com reported 1.04 million shares. Cim Investment Mangement has 0.17% invested in Belden Inc. (NYSE:BDC). Rothschild Asset Mgmt, New York-based fund reported 167,910 shares. First Trust Advsr LP holds 0% of its portfolio in Belden Inc. (NYSE:BDC) for 27,499 shares. Dimensional Fund Advisors LP owns 1.43M shares. Brighton Jones Ltd Co has 4,207 shares for 0.03% of their portfolio. Aperio Grp Lc owns 27,187 shares. Bankshares Of Mellon stated it has 0.02% in Belden Inc. (NYSE:BDC). Legal And General Public Limited Liability Corp invested in 50,164 shares. Investment Counselors Of Maryland Limited holds 1.31% or 459,161 shares in its portfolio. Guggenheim Limited Liability Corporation accumulated 40,173 shares or 0.02% of the stock.

Since May 14, 2018, it had 1 insider buy, and 1 sale for $90,815 activity. $17,797 worth of stock was sold by Turner Paul Keith 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 $75.76M, 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 $2.97 billion market cap company. The stock increased 1.85% or $1.33 during the last trading session, reaching $73.06. About 339,650 shares traded. Belden Inc. (NYSE:BDC) has declined 11.59% since September 16, 2017 and is downtrending. It has underperformed by 27.21% the S&P500.

Channing Capital Management Llc, which manages about $1.58 billion and $2.83B US Long portfolio, decreased its stake in Itt Inc by 87,448 shares to 420,162 shares, valued at $21.96 million in 2018Q2, according to the filing. It also reduced its holding in Abm Industries Inc (NYSE:ABM) by 1.45M shares in the quarter, leaving it with 356,664 shares, and cut its stake in Booz Allen Hamilton Holding Co (NYSE:BAH).

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. On Monday, March 26 the stock rating was upgraded by SunTrust to “Buy”. Stifel Nicolaus maintained Belden Inc. (NYSE:BDC) rating on Thursday, March 29. Stifel Nicolaus has “Buy” rating and $9000 target.

Belden Inc. (NYSE:BDC) Institutional Positions Chart

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