Big Money Not In Corning Inc (NYSE:GLW), Sentiment at 0.63

June 27, 2018 - By Carey Conley

Corning Incorporated (NYSE:GLW) Corporate Logo

Positions for Corning Inc (NYSE:GLW)

In Q1 2018 Corning Inc (NYSE:GLW) big money sentiment decreased to 0.63, according to SEC filings. That’s down -0.21, from 2017Q4’s 0.84. 275 investment managers started new and increased equity positions, while 439 sold and decreased their equity positions in Corning Inc so the sentiment dived. These funds own 565.69 million shares, that’s down from 598.30 million shares in 2017Q4. Funds holding Corning Inc in top 10 changed to 19 from 31 for a decrease of 12. In total 90 funds closed positions, 349 reduced and 204 increased. Also 71 funds bought new Corning Inc stakes.

Significant Corning Inc Investors

Towerview Llc owns 800,000 shares in Corning Inc as of Q1 2018. Corning Inc’s shareholder Minneapolis Portfolio Management Group Llc owns 1.69 million shares as of Q1 2018. Quaker Capital Investments Llc reported 649,060 shares. Oppenheimer & Close Llc revealed 233,256 shares position in Corning Inc. The New York-based fund Valueworks Llc looks positive on Corning Inc, owning 242,131 shares.

Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials in North America, the Asia Pacific, Europe, and internationally.The firm is worth $23.00 billion. The firm operates through five divisions: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences.Last it reported negative earnings. The Display Technologies segment makes glass substrates for liquid crystal displays used in LCD televisions, notebook computers, and flat panel desktop monitors.

Ticker’s shares touched $27.7 during the last trading session after 0.11% change.Corning Incorporated has volume of 3.56 million shares. Since June 27, 2017 GLW has declined 8.49% and is downtrending. GLW underperformed the S&P500 by 21.06%.

Corning Incorporated (NYSE:GLW)’s earnings release is awaited by WallStreet on July, 25, Faxor reports. Analysts have anticipation on stock’s EPS of $0.37. That’s down 11.90 % from last year’s $0.42 EPS. If GLW’s EPS is $0.37 the profit will be $307.23M for 18.72 P/E. 19.35 % EPS growth is what Wall Street’s predicts after $0.31 reported EPS last quarter.

Williams Jones & Associate Lc holds 0.29% in Corning Incorporated (NYSE:GLW) or 444,596 shs. Ancora Advsrs Ltd Limited Liability Company reported 0.27% in Corning Incorporated (NYSE:GLW). Alliancebernstein Limited Partnership holds 1.55 million shs or 0.03% of its capital. Ameriprise Fincl reported 7.13 million shs stake. Tradewinds Ltd invested in 1,979 shs or 0.02% of the stock. Hanson Mcclain has 593 shs for 0% of their capital. Dekabank Deutsche Girozentrale stated it has 81,550 shs. Legal & General Gru Public Ltd Com holds 0.1% of its capital in Corning Incorporated (NYSE:GLW) for 4.52M shs. Bank & Trust has invested 0.04% of its capital in Corning Incorporated (NYSE:GLW). Pennsylvania Trust Comm stated it has 0.14% in Corning Incorporated (NYSE:GLW). Raymond James Trust Na holds 0.09% of its capital in Corning Incorporated (NYSE:GLW) for 47,857 shs. Exane Derivatives reported 19,475 shs or 0% of all its holdings. Rothschild Il reported 0.31% in Corning Incorporated (NYSE:GLW). Retirement Of Alabama accumulated 415,163 shs. Assetmark accumulated 1,795 shs or 0% of the stock.

Corning Incorporated registered $6.55 million net activity with 1 buy and 3 insider sales since February 14, 2018. On Monday, March 12 1,000 shs were sold by Pambianchi Christine M, worth $29,895. On Wednesday, February 14 $887,931 worth of Corning Incorporated (NYSE:GLW) was bought by CANNING JOHN A JR. The insider WEEKS WENDELL P sold 224,884 shs worth $6.46M.

Corning Incorporated (NYSE:GLW) Ratings Coverage

In total 6 analysts cover Corning Inc (NYSE:GLW). “Buy” rating has 2, “Sell” are 0, while 4 are “Hold”. 33% are bullish. With $38.0 highest and $2900 lowest target Corning Inc has $29.33 average target or 5.88% above the current ($27.7) price. 7 are the (NYSE:GLW)’s analyst reports since January 10, 2018 according to StockzIntelligence Inc. In Friday, March 9 report Citigroup maintained the stock with “Neutral” rating. On Thursday, May 3 the firm has “Hold” rating by J.P. Morgan given. The company rating was upgraded by Goldman Sachs on Wednesday, June 20. The company rating was upgraded by Morgan Stanley on Thursday, May 31. On Thursday, January 25 the rating was maintained by Citigroup with “Neutral”.

A couple more Corning Incorporated (NYSE:GLW) news were posted by: Benzinga.com which released on June 21, 2018 “Goldman Sachs’ 4 Reasons Why Corning Is No Longer A Sell”, also Benzinga.com on May 31, 2018 posted “Morgan Stanley Upgrades Corning, Projects Multiple Earnings Growth Drivers”, the next Fool.com is “Can Corning’s Dividend Even Survive?” on June 09, 2018. Fool.com has article titled “3 Reasons It’s a Mistake to Sell Corning’s Shares Right Now”.

Corning Incorporated (NYSE:GLW) Institutional Investors Chart

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