Corning Incorporated (GLW) : Mizuho Securities Usa added new position in Corning Incorporated during the most recent quarter end. The investment management firm now holds 348,400 shares of Corning Incorporated which is valued at $7,542,860 , the company said in a statement filed on Jul 20, 2016 with the SEC.Corning Incorporated makes up approximately 1.37% of Mizuho Securities Usa’s portfolio.
Other Hedge Funds, Including , Farmers Trust Co sold out all of its stake in GLW during the most recent quarter. The investment firm sold 10,266 shares of GLW which is valued $222,259.James Investment Research Inc boosted its stake in GLW in the latest quarter, The investment management firm added 34,390 additional shares and now holds a total of 265,010 shares of Corning Incorporated which is valued at $5,665,914. Corning Incorporated makes up approx 0.14% of James Investment Research Inc’s portfolio.Ferguson Wellman Capital Management Inc reduced its stake in GLW by selling 500 shares or 2.78% in the most recent quarter. The Hedge Fund company now holds 17,475 shares of GLW which is valued at $373,616. Corning Incorporated makes up approx 0.02% of Ferguson Wellman Capital Management Inc’s portfolio.Gierl Augustine Investment Management Inc boosted its stake in GLW in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 596 shares of Corning Incorporated which is valued at $12,737. Corning Incorporated makes up approx 0.01% of Gierl Augustine Investment Management Inc’s portfolio.
Corning Incorporated opened for trading at $21.39 and hit $21.65 on the upside on Wednesday, eventually ending the session at $21.61, with a gain of 1.36% or 0.29 points. The heightened volatility saw the trading volume jump to 48,90,980 shares. Company has a market cap of $23,238 M.
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 Initiated by Citigroup to “Buy” on Jun 20, 2016. Corning Incorporated was Downgraded by Standpoint Research to ” Hold” on Jun 13, 2016. Corning Incorporated was Downgraded by Drexel Hamilton to ” Sell” on Jun 10, 2016.
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.