Jag Capital Management LLC Stake in Corning INC (GLW) Has Boosted as Stock Price Rose

June 19, 2017 - By Kurt Siggers

Investors sentiment decreased to 0.74 in 2016 Q4. Its down 0.01, from 0.75 in 2016Q3. It dived, as 44 investors sold GLW shares while 345 reduced holdings. 99 funds opened positions while 190 raised stakes. 664.60 million shares or 5.71% less from 704.83 million shares in 2016Q3 were reported. Ronald Blue Ltd Liability Corporation reported 10,352 shares. 12 were reported by Sun Life. 203 were reported by Oakworth Cap Inc. Integral Derivatives Ltd stated it has 62,041 shares or 0.03% of all its holdings. Signaturefd Limited Liability Co holds 0.05% or 12,643 shares. Credit Agricole S A, a France-based fund reported 333,130 shares. British Columbia Inv Mngmt Corporation invested in 0.14% or 680,089 shares. Smithfield holds 0.01% or 1,310 shares in its portfolio. Menlo Limited Liability holds 2.85% or 146,040 shares. Korea holds 1.87M shares. Armstrong Henry H Assoc stated it has 8,450 shares or 0.04% of all its holdings. Eqis Cap Management Inc owns 33,577 shares. Meeder Asset Management holds 0.07% or 28,395 shares in its portfolio. Virginia-based Union Bank & Trust has invested 1.09% in Corning Incorporated (NYSE:GLW). Gemmer Asset Mngmt Lc holds 0.01% in Corning Incorporated (NYSE:GLW) or 1,045 shares.

Since January 24, 2017, it had 0 buys, and 28 insider sales for $39.44 million activity. WEEKS WENDELL P also sold $4.30M worth of Corning Incorporated (NYSE:GLW) on Thursday, March 2. Ferrero Lisa sold $1.64M worth of Corning Incorporated (NYSE:GLW) on Monday, May 22. ROGUS MARK S also sold $506,515 worth of Corning Incorporated (NYSE:GLW) shares. $991,773 worth of Corning Incorporated (NYSE:GLW) was sold by Musser Eric S. Evenson Jeffrey W also sold $1.60M worth of Corning Incorporated (NYSE:GLW) shares. The insider McRae Lawrence D sold $1.38 million. The insider Clappin James P sold 64,500 shares worth $1.78 million.

Jag Capital Management Llc increased its stake in Corning Inc. (GLW) by 63.64% based on its latest 2016Q4 regulatory filing with the SEC. Jag Capital Management Llc bought 211,777 shares as the company’s stock rose 5.06% with the market. The institutional investor held 544,567 shares of the telecommunications equipment company at the end of 2016Q4, valued at $14.97 million, up from 332,790 at the end of the previous reported quarter. Jag Capital Management Llc who had been investing in Corning Inc. for a number of months, seems to be bullish on the $27.08B market cap company. It closed at $29.41 lastly. It is down 53.38% since June 19, 2016 and is uptrending. It has outperformed by 36.68% the S&P500.

Jag Capital Management Llc, which manages about $1.15 billion and $493.66 million US Long portfolio, decreased its stake in Intuitive Surgical Inc (NASDAQ:ISRG) by 13,694 shares to 8,230 shares, valued at $5.87M in 2016Q4, according to the filing. It also reduced its holding in Fortinet Inc (NASDAQ:FTNT) by 217,965 shares in the quarter, leaving it with 30,000 shares, and cut its stake in Facebook Inc Class A (NASDAQ:FB).

More recent Corning Incorporated (NYSE:GLW) news were published by: Nasdaq.com which released: “Corning Incorporated (GLW) Ex-Dividend Date Scheduled for May 26, 2017” on May 25, 2017. Also Seekingalpha.com published the news titled: “Corning: Continuous Innovation, Consistent Dividend” on June 09, 2017. Fool.com‘s news article titled: “How Corning Incorporated Makes Most of Its Money” with publication date: June 02, 2017 was also an interesting one.

Corning Incorporated (NYSE:GLW) Ratings Coverage

Among 16 analysts covering Corning Incorporated (NYSE:GLW), 4 have Buy rating, 1 Sell and 11 Hold. Therefore 25% are positive. Corning Incorporated had 29 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Corning Incorporated (NYSE:GLW) has “Neutral” rating given on Monday, April 3 by Citigroup. The rating was maintained by Drexel Hamilton with “Hold” on Tuesday, January 26. The stock of Corning Incorporated (NYSE:GLW) earned “Buy” rating by Goldman Sachs on Tuesday, April 12. The stock has “Neutral” rating by Goldman Sachs on Tuesday, March 14. The firm earned “Sell” rating on Friday, June 10 by Drexel Hamilton. UBS maintained Corning Incorporated (NYSE:GLW) rating on Wednesday, October 28. UBS has “Neutral” rating and $19 target. The stock has “Market Perform” rating by Wells Fargo on Wednesday, December 21. Jefferies maintained the shares of GLW in report on Tuesday, May 30 with “Hold” rating. The company was maintained on Wednesday, October 26 by Deutsche Bank. JP Morgan downgraded Corning Incorporated (NYSE:GLW) on Thursday, December 17 to “Neutral” rating.

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