Wilsey Asset Management Inc Lowers stake in Corning Incorporated (GLW)

Corning Incorporated (GLW) : Wilsey Asset Management Inc reduced its stake in Corning Incorporated by 1.19% during the most recent quarter end. The investment management company now holds a total of 260,470 shares of Corning Incorporated which is valued at $6,201,791 after selling 3,126 shares in Corning Incorporated , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Corning Incorporated makes up approximately 4.73% of Wilsey Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Thompson Rubinstein Investment Management Inc Or reduced its stake in GLW by selling 1,500 shares or 1.93% in the most recent quarter. The Hedge Fund company now holds 76,371 shares of GLW which is valued at $1,818,394. Corning Incorporated makes up approx 0.69% of Thompson Rubinstein Investment Management Inc Or’s portfolio.Central Bank Trust Co reduced its stake in GLW by selling 225 shares or 26.1% in the most recent quarter. The Hedge Fund company now holds 637 shares of GLW which is valued at $15,148. Simplex Trading added GLW to its portfolio by purchasing 46,499 company shares during the most recent quarter which is valued at $1,105,746. Corning Incorporated makes up approx 0.14% of Simplex Trading’s portfolio.Foundation Resource Management Inc reduced its stake in GLW by selling 2,675 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 1,021,208 shares of GLW which is valued at $24,304,750. Corning Incorporated makes up approx 4.38% of Foundation Resource Management Inc’s portfolio.

Corning Incorporated closed down -0.17 points or -0.71% at $23.64 with 59,39,106 shares getting traded on Tuesday. Post opening the session at $23.72, the shares hit an intraday low of $23.56 and an intraday high of $23.805 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Corning Incorporated reported $0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.32. The company had revenue of $2360.00 million for the quarter, compared to analysts expectations of $2377.57 million. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

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.

Leave a Reply

Corning Incorporated - Is it time to Sell?

Top Brokerage Firms are advising their investors on Corning Incorporated. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.