Corning INC (GLW) Shareholder Quaker Capital Investments LLC Decreased Its Stake by $176.50 Million

Corning Incorporated (NYSE:GLW) Corporate LogoDuring Q3 2018 the big money sentiment increased to 0.82. That’s change of 0.12, from 2018Q2’s 0.7. 34 investors sold all, 312 reduced holdings as GLW ratio increased. 177 rose positions while 105 funds acquired positions. Funds hold 536.85 million shares thus 3.23% less from 2018Q2’s 554.76 million shares. Wedgewood Investors Pa accumulated 10,400 shs. Freestone Limited Liability Corporation has 0% invested in Corning Incorporated (NYSE:GLW). Arrow Fincl Corporation, New York-based fund reported 2,200 shs. Tcw Inc holds 1.34% or 4.64M shs. Mirador Prns Lp owns 7,795 shs for 0.13% of their capital. Chemung Canal Tru Company accumulated 277,588 shs. Bridgewater Associate Lp reported 0.02% of its capital in Corning Incorporated (NYSE:GLW). 129,243 are held by Rampart Mngmt Ltd Liability Com. Raymond James Na holds 0.1% or 44,068 shs in its capital. 21,425 are held by Winfield Assocs. Associated Banc stated it has 56,243 shs or 0.11% of all its holdings. Carroll Financial Associate holds 5,810 shs or 0.02% of its capital. Boston Private Wealth Ltd Liability Com holds 0.11% or 85,445 shs in its capital. Neuberger Berman Grp Limited owns 0.12% invested in Corning Incorporated (NYSE:GLW) for 3.09 million shs. 10,368 were accumulated by King Luther Cap.

GLW had 10 insider sales and 0 insider purchases since August 27, 2018. This’s net activity of $5.42 million. STEVERSON LEWIS A sold $395,851 worth of stock. Morse David L sold $1.20M worth of stock or 35,701 shs. Another trade for 30,667 shs valued at $1.11M was made by McRae Lawrence D on Thursday, September 20. On Thursday, August 30 a trade for 1,000 shs valued at $33,655 was made by Pambianchi Christine M. Musser Eric S sold $609,626 worth of Corning Incorporated (NYSE:GLW) on Monday, August 27.

Quaker Capital Investments Llc’s stake in Corning Inc (GLW) is decreased by 0.78% based on its latest 2018Q3 regulatory filing with the SEC. 5,000 shares were sold by Quaker Capital Investments Llc as the company’s stock declined 6.51% with the market. At the end of 2018Q3, the institutional investor held 639,060 shares of the telecommunications equipment company, priced at $22.56B, down from 644,060 at the end of the previous reported quarter. $26.67 billion is Corning Inc’s MC. The stock decreased 0.56% or $0.19 during the last trading session, touching $33.85.Corning Incorporated has volume of 1.36M shares. Since February 14, 2018 GLW has risen 0.09% and is uptrending. GLW outperformed the S&P500 by 0.09%.

For a total of 400,211 shares it increased its holding in Echostar Corp (NASDAQ:SATS) by 32,500 shares in the quarter, and has risen its stake in Berkshire Hathaway Inc Del (BRKA).

For more Corning Incorporated (NYSE:GLW) news brought out recently go to: Finance.Yahoo.com, Globenewswire.com, Fool.com, Benzinga.com or Seekingalpha.com. The titles are as follows: “Barron’s Picks And Pans: Corning, Merck, Microsoft And More – Yahoo! Finance News” brought out on February 02, 2019, “Consolidated Research: 2019 Summary Expectations for Corning, Windstream, Deckers Outdoor, Haemonetics, The Descartes Systems Group, and CSG Systems International — Fundamental Analysis, Key Performance Indications – GlobeNewswire” on February 14, 2019, “Corning Brushes Off Macro Concerns With Another Fantastic Quarter – The Motley Fool” with a publish date: January 30, 2019, “Corning Incorporated (NYSE:GLW) – Will Foxconn Follow Through With Wisconsin Factory? – Benzinga” and the last “Corning Inc. (GLW) CEO Wendell Weeks on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” with publication date: January 29, 2019.

Corning Incorporated (NYSE:GLW) Ratings Coverage

In total 2 analysts cover Corning (NYSE:GLW). “Buy” rating has 1, “Sell” are 0, while 1 are “Hold”. 50% are bullish. 3 are the (NYSE:GLW)’s analyst reports since September 14, 2018 according to StockzIntelligence Inc. In Wednesday, October 24 report Citigroup maintained it with “Buy” rating and $38 target. On Friday, September 14 Citigroup upgraded the shares of GLW in report to “Buy” rating. On Wednesday, October 24 the stock has “Neutral” rating by UBS.

Corning Incorporated (NYSE:GLW) Institutional Investors Chart

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