Towerview LLC Increases Position in Corning INC (GLW)

September 8, 2018 - By Robert Shackelford

Corning Incorporated (NYSE:GLW) LogoInvestors sentiment decreased to 0.63 in Q1 2018. Its down 0.21, from 0.84 in 2017Q4. It worsened, as 90 investors sold GLW shares while 349 reduced holdings. 71 funds opened positions while 204 raised stakes. 565.69 million shares or 5.45% less from 598.30 million shares in 2017Q4 were reported. 313,005 are owned by Arizona State Retirement. Pinnacle Financial Ptnrs Inc has 0.04% invested in Corning Incorporated (NYSE:GLW). Centurylink Investment Management, Colorado-based fund reported 46,597 shares. United Advisers Ltd Company invested in 0.02% or 86,357 shares. Kentucky Retirement Ins Fund reported 0.11% stake. Public Sector Pension Board holds 0.01% of its portfolio in Corning Incorporated (NYSE:GLW) for 48,504 shares. Fulton Bancshares Na holds 19,308 shares or 0.04% of its portfolio. Thompson Siegel Walmsley Ltd Company owns 115,640 shares. Howe & Rusling Incorporated stated it has 7,309 shares. Badgley Phelps & Bell stated it has 0.02% of its portfolio in Corning Incorporated (NYSE:GLW). North Star Invest Management reported 11,100 shares. Duncker Streett & Com has invested 0.04% in Corning Incorporated (NYSE:GLW). Nbt Commercial Bank N A stated it has 0.11% of its portfolio in Corning Incorporated (NYSE:GLW). Pennsylvania-based Pitcairn has invested 0.12% in Corning Incorporated (NYSE:GLW). Hendley & Company reported 121,079 shares or 1.79% of all its holdings.

Since March 12, 2018, it had 0 insider purchases, and 4 sales for $8.05 million activity. WEEKS WENDELL P had sold 224,884 shares worth $6.46 million on Friday, June 8. Musser Eric S sold $609,626 worth of Corning Incorporated (NYSE:GLW) on Monday, August 27. Another trade for 1,000 shares valued at $29,895 was sold by Pambianchi Christine M.

Towerview Llc increased its stake in Corning Inc (GLW) by 21.21% based on its latest 2018Q1 regulatory filing with the SEC. Towerview Llc bought 140,000 shares as the company’s stock declined 9.29% with the market. The institutional investor held 800,000 shares of the telecommunications equipment company at the end of 2018Q1, valued at $22.30 million, up from 660,000 at the end of the previous reported quarter. Towerview Llc who had been investing in Corning Inc for a number of months, seems to be bullish on the $27.20 billion market cap company. The stock increased 0.15% or $0.05 during the last trading session, reaching $33.58. About 3.40 million shares traded. Corning Incorporated (NYSE:GLW) has declined 8.49% since September 8, 2017 and is downtrending. It has underperformed by 21.06% the S&P500.

Another recent and important Corning Incorporated (NYSE:GLW) news was published by Seekingalpha.com which published an article titled: “Corning: Limited Progress In Gorilla Glass Auto Exteriors” on August 21, 2018.

Corning Incorporated (NYSE:GLW) Ratings Coverage

Among 6 analysts covering Corning (NYSE:GLW), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Corning had 7 analyst reports since March 9, 2018 according to SRatingsIntel. The firm has “Neutral” rating by Citigroup given on Friday, March 9. On Wednesday, June 20 the stock rating was upgraded by Goldman Sachs to “Hold”. The firm has “Overweight” rating by Morgan Stanley given on Thursday, July 26. As per Thursday, July 26, the company rating was maintained by UBS. Morgan Stanley upgraded Corning Incorporated (NYSE:GLW) on Thursday, May 31 to “Overweight” rating. J.P. Morgan initiated Corning Incorporated (NYSE:GLW) on Thursday, May 3 with “Hold” rating.

Corning Incorporated (NYSE:GLW) Institutional Positions Chart

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