*Corning INC (GLW) Stake Maintained by Qci Asset Management Inc

April 17, 2018 - By Patrick Harkless

Corning Incorporated (NYSE:GLW) Corporate LogoDuring Q4 2017 the big money sentiment increased to 0.84. That’s change of 0.09, from 2017Q3’s 0.75. 41 investors sold all, 340 reduced holdings as GLW ratio increased. 234 rose positions while 86 funds bought positions. Funds hold 598.30 million shares thus 2.01% less from 2017Q3’s 610.60 million shares. Comerica Secs holds 0.33% or 81,721 shs in its capital. Moreover, Washington Tru has 0.02% invested in Corning Incorporated (NYSE:GLW). Scholtz And Com Limited Com holds 0.21% or 9,000 shs. Berson Corrado Investment Advsrs Limited Co reported 105,071 shs or 1.96% of all its holdings. The Massachusetts-based Alpha Windward Limited Liability Company has invested 0.26% in Corning Incorporated (NYSE:GLW). Dupont Management holds 0% of its capital in Corning Incorporated (NYSE:GLW) for 4,697 shs. Finemark Comml Bank And, Florida-based fund reported 56,148 shs. 700 are owned by Whittier Trust Of Nevada. Stone Ridge Asset Mngmt Limited Liability holds 0.16% or 75,997 shs in its capital. Moreover, Hall Laurie J Trustee has 0.05% invested in Corning Incorporated (NYSE:GLW) for 3,730 shs. Patten And Patten Inc Tn has 14,290 shs. Focused Wealth owns 12,506 shs. Aull And Monroe Mngmt has invested 0.99% in Corning Incorporated (NYSE:GLW). 315,750 are held by Decatur Management Inc. Intrust Bankshares Na reported 7,094 shs stake.

GLW registered $8.17 million net activity with 1 insider buy and 5 selling transactions since October 25, 2017. Another trade for 30,000 shs valued at $887,931 was made by CANNING JOHN A JR on Wednesday, February 14. On Monday, March 12 Pambianchi Christine M had sold 1,000 shs worth $29,895. On Thursday, December 14 RIEMAN DEBORAH sold $66,979 worth of Corning Incorporated (NYSE:GLW). Another trade for 6,513 shs valued at $205,778 was sold by TOOKES HANSEL E II. The insider Musser Eric S sold 29,949 shs worth $945,178.

Based on the latest 2017Q4 regulatory filing with the SEC, Qci Asset Management Inc reduced its stake in Corning Inc (GLW) by 25.07%. The company’s stock declined 14.33% with the market as Qci Asset Management Inc sold 145,793 shares. At the end of 2017Q4, the 435,806 shares of the telecommunications equipment company held by the institutional investor were priced at $13.94M, down from 581,599 at the end of the previous reported quarter. $23.35 billion is the MC of Corning Inc. Its shares touched $27.49 on during the last trading session after 0.26% change.Corning Incorporated has volume of 6.12 million shares. Since April 17, 2017 GLW has risen 1.20% and is uptrending. GLW underperformed by 10.35% the S&P500.

Qci Asset Management Inc has risen its stake in and also increased its holding in by shares in the quarter, for a total of shares.

Analysts await Corning Incorporated (NYSE:GLW) to report earnings on April, 24. They expect $0.30 EPS, down 23.08 % or $0.09 from last year’s $0.39 per share. GLW’s profit will be $254.77 million for 22.91 P/E if the $0.30 EPS becomes a reality. After $0.49 actual EPS reported by Corning Incorporated for the previous quarter, Wall Street now forecasts -38.78 % negative EPS growth.

Corning Incorporated (NYSE:GLW) Ratings Coverage

In total 4 analysts cover Corning Inc (NYSE:GLW). “Buy” rating has 3, “Sell” are 0, while 1 are “Hold”. 75% are bullish. With $38.0 highest and $32 lowest [Target] Corning Inc has $35 average [Target] or 27.32% above the current ($27.49) price. 7 are the (NYSE:GLW)’s analyst reports since October 24, 2017 according to StockzIntelligence Inc. On Thursday, January 25 the stock of Corning Incorporated (NYSE:GLW) earned “Neutral” rating by Citigroup. In Wednesday, October 25 report Citigroup maintained it with “Neutral” rating and $32 target. In Friday, March 9 report Citigroup maintained it with “Neutral” rating and $32 target. On Tuesday, December 12 Guggenheim maintained Corning Incorporated (NYSE:GLW) with “Buy” rating. The stock rating was maintained by Guggenheim with “Buy” on Tuesday, October 24. On Wednesday, October 25 the rating was maintained by Deutsche Bank with “Buy”.

Corning Incorporated (NYSE:GLW) Institutional Investors Chart

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