Point72 Asset Management LP Trimmed Its Bgc Partners INC (BGCP) Stake by $11.73 Million

BGC Partners, Inc. (NASDAQ:BGCP) LogoInvestors sentiment increased to 1.4 in Q2 2019. Its up 0.12, from 1.28 in 2019Q1. It improved, 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. Raymond James Na has invested 0.03% in BGC Partners, Inc. (NASDAQ:BGCP). Citadel Advisors Lc reported 0% stake. 22,000 are owned by Fifth Third Comml Bank. Stevens First Principles Inv Advsr has invested 0% in BGC Partners, Inc. (NASDAQ:BGCP). Engineers Gate Manager Ltd Partnership invested in 0.08% or 286,999 shares. Amer Int Gp Incorporated holds 0% in BGC Partners, Inc. (NASDAQ:BGCP) or 4,639 shares. Halsey Ct owns 47,000 shares. Scotia Capital invested 0% of its portfolio in BGC Partners, Inc. (NASDAQ:BGCP). Jpmorgan Chase & invested 0% of its portfolio in BGC Partners, Inc. (NASDAQ:BGCP). Blackrock Inc holds 12.21M shares or 0% of its portfolio. Northern Corp holds 0% of its portfolio in BGC Partners, Inc. (NASDAQ:BGCP) for 1.71M shares. Edge Wealth Management Ltd Limited Liability Company holds 14,505 shares or 0.02% of its portfolio. 20,000 are owned by Williams Jones And Associate Llc. D E Shaw holds 0% in BGC Partners, Inc. (NASDAQ:BGCP) or 174,037 shares. Keybank Natl Association Oh holds 0% or 75,652 shares in its portfolio.

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 1.66M 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 $19.11B US Long portfolio, upped its stake in Tellurian Inc New by 1.62 million shares to 1.87M shares, valued at $14.71 million in 2019Q2, according to the filing. It also increased its holding in Arvinas Inc by 273,623 shares in the quarter, for a total of 688,623 shares, and has risen its stake in Ishares Tr (Put) (IYR).

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) Q1 Earnings Meet Estimates – Nasdaq” on May 07, 2019, also Finance.Yahoo.com with their article: “BGC Partners, Inc. (NASDAQ:BGCP): What Does Its Beta Value Mean For Your Portfolio? – Yahoo Finance” published on August 30, 2019, Nasdaq.com published: “BGC Partners (BGCP) Concludes ED Broking Group Acquisition – Nasdaq” on February 04, 2019. More interesting news about BGC Partners, Inc. (NASDAQ:BGCP) were released by: Nasdaq.com and their article: “BGC Partners (BGCP) Q1 Earnings Meet Estimates, Stock Down – Nasdaq” published on May 09, 2019 as well as Finance.Yahoo.com‘s news article titled: “BGC Partners (NASDAQ:BGCP) Shareholders Saw Negative Total Returns In The Last Year – Yahoo Finance” with publication date: July 16, 2019.

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