Point72 Asset Management LP Has Cut Holding in Bgc Partners INC (BGCP) by $11.73 Million as Shares Rose

BGC Partners, Inc. (NASDAQ:BGCP) LogoInvestors sentiment increased to 1.4 in Q2 2019. Its up 0.12, from 1.28 in 2019Q1. It increased, as 29 investors sold BGCP shares while 43 reduced holdings. 34 funds opened positions while 67 raised stakes. 167.35 million shares or 1.30% more from 165.20 million shares in 2019Q1 were reported. Cambridge Research Advisors has 0% invested in BGC Partners, Inc. (NASDAQ:BGCP) for 18,669 shares. Los Angeles Capital Mgmt & Equity, California-based fund reported 106,810 shares. Brown Brothers Harriman & Company holds 0.12% or 3.50M shares in its portfolio. 393,663 were accumulated by Deutsche Commercial Bank Ag. Blair William & Il holds 27,253 shares or 0% of its portfolio. Mycio Wealth Prtn holds 12,000 shares or 0% of its portfolio. Yorktown Mngmt And Research Communications stated it has 473,800 shares or 0.94% of all its holdings. Eqis Cap Management Inc accumulated 43,092 shares. Fin Ser has 0.01% invested in BGC Partners, Inc. (NASDAQ:BGCP). State Board Of Administration Of Florida Retirement Sys has 0% invested in BGC Partners, Inc. (NASDAQ:BGCP) for 214,863 shares. California Employees Retirement invested in 0% or 441,589 shares. Eagle Asset Mgmt reported 12,767 shares. Brookstone Capital Mngmt reported 83,624 shares. Millennium Mngmt Limited Liability holds 0.01% of its portfolio in BGC Partners, Inc. (NASDAQ:BGCP) for 1.29M shares. 1.52M were reported by Cap Management Limited Liability.

Point72 Asset Management Lp decreased its stake in Bgc Partners Inc (BGCP) by 17.65% based on its latest 2019Q2 regulatory filing with the SEC. Point72 Asset Management Lp sold 2.35M shares as the company’s stock rose 1.85% . The hedge fund held 10.95M shares of the finance company at the end of 2019Q2, valued at $57.25 million, down from 13.29 million at the end of the previous reported quarter. Point72 Asset Management Lp who had been investing in Bgc Partners Inc for a number of months, seems to be less bullish one the $1.95 billion market cap company. The stock decreased 0.35% or $0.02 during the last trading session, reaching $5.66. About 1.66 million shares traded. BGC Partners, Inc. (NASDAQ:BGCP) has declined 19.01% since September 13, 2018 and is downtrending. It has underperformed by 19.01% the S&P500.

Point72 Asset Management Lp, which manages about $19.11 billion US Long portfolio, upped its stake in Dropbox Inc by 557,072 shares to 682,133 shares, valued at $17.09M in 2019Q2, according to the filing. It also increased its holding in Aramark (NYSE:ARMK) by 344,231 shares in the quarter, for a total of 374,529 shares, and has risen its stake in Continental Resources Inc (NYSE:CLR).

Analysts await BGC Partners, Inc. (NASDAQ:BGCP) to report earnings on October, 24. They expect $0.15 EPS, down 64.29 % or $0.27 from last year’s $0.42 per share. BGCP’s profit will be $51.76M for 9.43 P/E if the $0.15 EPS becomes a reality. After $0.17 actual EPS reported by BGC Partners, Inc. for the previous quarter, Wall Street now forecasts -11.76 % negative EPS growth.

More notable recent BGC Partners, Inc. (NASDAQ:BGCP) news were published by: Nasdaq.com which released: “BGC Partners (BGCP) Concludes ED Broking Group Acquisition – Nasdaq” on February 04, 2019, also Seekingalpha.com with their article: “BGC Partners Q2 EPS in-line; considers corporation structure – Seeking Alpha” published on July 25, 2019, Prnewswire.com published: “BGC Partners’ & Cantor Fitzgerald’s Charity Day Drives Impact & Inspires Unity – PRNewswire” on September 13, 2019. More interesting news about BGC Partners, Inc. (NASDAQ:BGCP) were released by: Finance.Yahoo.com and their article: “BGC Partners, Inc. (NASDAQ:BGCP): What Does Its Beta Value Mean For Your Portfolio? – Yahoo Finance” published on August 30, 2019 as well as Fool.com‘s news article titled: “Why BGC Partners Stock Dropped 50.9% in December – The Motley Fool” with publication date: January 08, 2019.

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