Strategic Wealth Advisors Groupinc. adds Corning Incorporated (GLW) to its portfolio

Corning Incorporated (GLW) : Strategic Wealth Advisors Groupinc. added new position in Corning Incorporated during the most recent quarter end. The investment management firm now holds 183,294 shares of Corning Incorporated which is valued at $3.8 Million , the company said in a statement filed on May 25, 2016 with the SEC.Corning Incorporated makes up approximately 1.20% of Strategic Wealth Advisors Groupinc.’s portfolio.

Other Hedge Funds, Including , Becker Capital Management Inc reduced its stake in GLW by selling 12,192 shares or 4.84% in the most recent quarter. The Hedge Fund company now holds 239,631 shares of GLW which is valued at $4.9 Million. Corning Incorporated makes up approx 0.20% of Becker Capital Management Inc’s portfolio.Envestnet Asset Management Inc boosted its stake in GLW in the latest quarter, The investment management firm added 75,507 additional shares and now holds a total of 418,347 shares of Corning Incorporated which is valued at $8.2 Million. Corning Incorporated makes up approx 0.04% of Envestnet Asset Management Inc’s portfolio.Bridgeway Capital Management Inc boosted its stake in GLW in the latest quarter, The investment management firm added 128,900 additional shares and now holds a total of 1,522,400 shares of Corning Incorporated which is valued at $29.7 Million. Corning Incorporated makes up approx 0.50% of Bridgeway Capital Management Inc’s portfolio.Sg Americas Securities boosted its stake in GLW in the latest quarter, The investment management firm added 168,570 additional shares and now holds a total of 269,891 shares of Corning Incorporated which is valued at $5 Million. Corning Incorporated makes up approx 0.04% of Sg Americas Securities’s portfolio.Utah Retirement Systems reduced its stake in GLW by selling 12,100 shares or 5.7% in the most recent quarter. The Hedge Fund company now holds 200,054 shares of GLW which is valued at $3.7 Million. Corning Incorporated makes up approx 0.10% of Utah Retirement Systems’s portfolio.

Corning Incorporated closed down -0.12 points or -0.57% at $20.77 with 73,80,386 shares getting traded on Wednesday. Post opening the session at $20.69, the shares hit an intraday low of $20.54 and an intraday high of $20.88 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Corning Incorporated reported $0.28 EPS for the quarter, based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus estimate of $0.28. The company had revenue of $2170.00 million for the quarter, compared to analysts expectations of $2237.22 million. The company’s revenue was down -10.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on Corning Incorporated. Corning Incorporated was Upgraded by Goldman to ” Buy” on Apr 12, 2016. Company shares were Reiterated by Deutsche Bank on Apr 8, 2016 to “Buy”, Firm has raised the Price Target to $ 23 from a previous price target of $21 .

Corning Incorporated (Corning) is engaged in the manufacture of specialty glass and ceramics. The Company creates and makes keystone components that enable systems for consumer electronics mobile emissions control optical communications and life sciences. Corning operates in five segments: Display Technologies which manufactures glass substrates; Optical Communications which is engaged in providing optical solutions; Environmental Technologies which manufactures ceramic substrates and filter products; Specialty Materials which manufactures products that provide more than 150 material formulations for glass glass ceramics and fluoride crystals and Life Sciences segment which is a developer manufacturer and supplier of scientific laboratory products. The Company manufactures and processes products at approximately 90 plants in 17 countries.

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