Published: Mon, April 16, 2018
Business | By Tara Barton

Lake Street Advisors Group LLC Buys New Holdings in Corning Inc. (GLW)


The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The stock was sold at an average price of $29.90, for a total transaction of $29,900.00. The institutional investor held 1.46 million shares of the telecommunications equipment company at the end of 2017Q4, valued at $46.60M, down from 1.47M at the end of the previous reported quarter. The firm has a market cap of $23,639.98, a P/E ratio of 15.94, a P/E/G ratio of 4.09 and a beta of 1.36.

Shares of NYSE GLW traded down $0.15 during midday trading on Friday, hitting $27.42. About 5.75M shares traded. Corda Inv Mgmt Limited Liability Com reported 0.18% in Corning Incorporated (NYSE:GLW). It has underperformed by 10.35% the S&P500.

LPL Financial LLC increased its position in shares of Corning Inc.

Aperio Ltd Company owns 47,624 shares for 0.02% of their portfolio.

Market Capitalization/Outstanding Shares/Intraday Volume: The company's Market capitalization is $189.15B with the total Outstanding Shares of 2.71B. Janney Capital Management Llc who had been investing in Rockwell Collins Inc De for a number of months, seems to be bullish on the $21.93 billion market cap company. The stock decreased 0.54% or $0.15 during the last trading session, reaching $27.42. Southwestern Energy Company (NYSE:SWN) has declined 44.42% since April 16, 2017 and is downtrending. It has outperformed by 28.24% the S&P500. The Utah-based Utah Retirement Sys has invested 0.11% in Corning Incorporated (NYSE:GLW). Massmutual Trust Co. FSB ADV acquired a new stake in shares of Corning during the fourth quarter valued at approximately $166,000. Vetr raised shares of Corning from a "sell" rating to a "buy" rating and set a $26.00 price target on the stock in a research report on Tuesday, November 15th. Therefore 28% are positive. Corning Inc had 7 analyst reports since October 24, 2017 according to SRatingsIntel. The rating was downgraded by JP Morgan to "Neutral" on Thursday, December 17. The firm has "Neutral" rating by Citigroup given on Friday, March 9. The company now has an average rating of "Hold" and a consensus price target of $31.22. On Thursday, January 25 Citigroup maintained the shares of GLW in report with "Neutral" rating. Susquehanna maintained the stock with "Buy" rating in Friday, July 14 report. As per Tuesday, December 12, the company rating was maintained by Guggenheim. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. Citigroup initiated the shares of GLW in report on Monday, June 20 with "Buy" rating.

Analysts See $1.01 EPS for J&J Snack Foods Corp. (JJSF)
Zacks Investment Research lowered J & J Snack Foods from a "buy" rating to a "hold" rating in a research report on Wednesday. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.02).

Investors sentiment increased to 1.25 in Q4 2017. Its up 0.09, from 0.75 in 2017Q3. Jennison Associates LLC increased its holdings in shares of Corning by 24.8% in the 4th quarter. 75 funds opened positions while 128 raised stakes. 598.30 million shares or 2.01% less from 610.60 million shares in 2017Q3 were reported. Cetera Advisors Ltd Com stated it has 0.03% of its portfolio in Halliburton Company (NYSE:HAL). Greenwood Gearhart Incorporated reported 2.08% of its portfolio in Corning Incorporated (NYSE:GLW). Stephens Inc Ar owns 74,621 shares. Liberty Mutual Group Asset Mngmt has 35,997 shares. Bluestein R H And Communication invested in 0.02% or 10,000 shares. Natl Pension holds 932,014 shares or 0.15% of its portfolio. The Connecticut-based Paloma has invested 0.15% in Corning Incorporated (NYSE:GLW). Clifford Swan Investment Counsel Limited Co stated it has 0.01% of its portfolio in Corning Incorporated (NYSE:GLW). 675.47 million shares or 0.60% less from 679.57 million shares in 2017Q3 were reported. Steinberg Glob Asset Management holds 26,121 shares or 0.18% of its portfolio. Palladium Partners invested in 0.06% or 25,007 shares. Miller Howard Invests Inc New York has invested 0.04% of its portfolio in Corning Incorporated (NYSE:GLW). Bridgeway Mgmt Inc reported 2.56M shares. The institutional investor held 37,239 shares of the building materials company at the end of 2017Q4, valued at $2.78 million, up from 29,026 at the end of the previous reported quarter.

Since October 25, 2017, it had 1 insider buy, and 5 insider sales for $8.17 million activity. The business's quarterly revenue was up 7.4% compared to the same quarter last year. equities analysts predict that Corning Inc. will post 1.68 EPS for the current year. Pambianchi Christine M sold $29,895 worth of stock or 1,000 shares. Another trade for 6,513 shares valued at $205,778 was sold by TOOKES HANSEL E II. RIEMAN DEBORAH also sold $66,979 worth of Corning Incorporated (NYSE:GLW) shares. Also, Director John A. Canning, Jr. acquired 30,000 shares of Corning stock in a transaction dated Wednesday, February 14th. Sumitomo Mitsui Hldg owns 2.75 million shares or 0.11% of their USA portfolio.

Investors sentiment decreased to 1.05 in 2017 Q4. Its down 0.19, from 0.92 in 2017Q3.

A number of equities analysts have commented on GLW shares.

Choate Investment Advisors decreased Teradata Corp (NYSE:TDC) stake by 930 shares to 5,281 valued at $203.11 million in 2017Q4. Metropolitan Life Ins Co Ny stated it has 32,181 shares or 0.06% of all its holdings. First Mercantile Tru accumulated 15,776 shares. Moreover, Schroder Investment Management Group Inc has 0% invested in Rockwell Collins, Inc. (NYSE:QEP). Royal Savings Bank Of Canada has 331,407 shares for 0% of their portfolio. Carlson Cap LP reported 2.21% stake. Rench Wealth Management Inc bought 17,178 shares as the company's stock declined 14.33% with the market. Signaturefd Ltd Liability owns 8,368 shares for 0.05% of their portfolio. Ftb holds 0.01% of its portfolio in Rockwell Collins, Inc. Cubist Systematic Strategies Limited Liability Company holds 0.01% in Southwestern Energy Company (NYSE:SWN) or 30,464 shares.

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