Heartland Advisors Inc decreased its stake in Now Inc (DNOW) by 4.76% based on its latest 2017Q3 regulatory filing with the SEC. Heartland Advisors Inc sold 25,695 shares as the company’s stock declined 12.97% while stock markets rallied. The institutional investor held 513,728 shares of the metal fabrications company at the end of 2017Q3, valued at $7.10 million, down from 539,423 at the end of the previous reported quarter. Heartland Advisors Inc who had been investing in Now Inc for a number of months, seems to be less bullish one the $1.19 billion market cap company. The stock increased 0.46% or $0.05 during the last trading session, reaching $11.03. About 1.15M shares traded. NOW Inc. (NYSE:DNOW) has risen 9.86% since December 30, 2016 and is uptrending. It has underperformed by 6.84% the S&P500.
Wealthtrust Axiom Llc decreased its stake in Corning Inc (GLW) by 17.49% based on its latest 2017Q3 regulatory filing with the SEC. Wealthtrust Axiom Llc sold 39,345 shares as the company’s stock rose 5.06% with the market. The institutional investor held 185,643 shares of the telecommunications equipment company at the end of 2017Q3, valued at $5.55 million, down from 224,988 at the end of the previous reported quarter. Wealthtrust Axiom Llc who had been investing in Corning Inc for a number of months, seems to be less bullish one the $27.80 billion market cap company. The stock decreased 0.96% or $0.31 during the last trading session, reaching $31.99. About 3.14 million shares traded. Corning Incorporated (NYSE:GLW) has risen 53.38% since December 30, 2016 and is uptrending. It has outperformed by 36.68% the S&P500.
Since August 24, 2017, it had 0 buys, and 7 insider sales for $12.68 million activity. $1.38M worth of Corning Incorporated (NYSE:GLW) shares were sold by McRae Lawrence D. Musser Eric S had sold 29,949 shares worth $945,178 on Wednesday, October 25. Another trade for 6,513 shares valued at $205,778 was sold by TOOKES HANSEL E II. WEEKS WENDELL P sold $7.81M worth of stock. The insider Kinlin Clark S sold $1.33M. RIEMAN DEBORAH sold $66,979 worth of stock or 2,083 shares.
Investors sentiment decreased to 0.75 in 2017 Q3. Its down 0.17, from 0.92 in 2017Q2. It worsened, as 64 investors sold GLW shares while 339 reduced holdings. 66 funds opened positions while 235 raised stakes. 610.60 million shares or 2.66% less from 627.26 million shares in 2017Q2 were reported. Bbva Compass Financial Bank owns 0.03% invested in Corning Incorporated (NYSE:GLW) for 13,232 shares. Silvercrest Asset Management Grp Ltd Liability Corp has invested 0.01% in Corning Incorporated (NYSE:GLW). Magnetar Limited Co stated it has 16,801 shares. Tower Cap Ltd Liability (Trc) reported 0.01% stake. State Farm Mutual Automobile Insur holds 0.72% in Corning Incorporated (NYSE:GLW) or 18.03 million shares. First Manhattan Co stated it has 0% in Corning Incorporated (NYSE:GLW). Conning holds 0.02% of its portfolio in Corning Incorporated (NYSE:GLW) for 23,411 shares. Nationwide Fund invested in 0.06% or 504,841 shares. 396,990 are owned by Blb&B Advsrs. Mairs And Pwr owns 2.46 million shares. Lord Abbett & Limited Liability Co invested 0.17% in Corning Incorporated (NYSE:GLW). Auxier Asset Mgmt accumulated 1.38% or 226,451 shares. Moreover, Bluestein R H And Communications has 0.02% invested in Corning Incorporated (NYSE:GLW). Parkside Bank & Trust holds 0.14% or 11,741 shares in its portfolio. Cognios Limited Liability Com invested in 9,513 shares.
Analysts await Corning Incorporated (NYSE:GLW) to report earnings on January, 23. They expect $0.47 EPS, down 6.00% or $0.03 from last year’s $0.5 per share. GLW’s profit will be $408.45M for 17.02 P/E if the $0.47 EPS becomes a reality. After $0.43 actual EPS reported by Corning Incorporated for the previous quarter, Wall Street now forecasts 9.30% EPS growth.
Among 18 analysts covering Corning Incorporated (NYSE:GLW), 5 have Buy rating, 2 Sell and 11 Hold. Therefore 28% are positive. Corning Incorporated had 43 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, September 8 by Stifel Nicolaus. The firm has “Buy” rating by Guggenheim given on Tuesday, October 24. The stock of Corning Incorporated (NYSE:GLW) has “Hold” rating given on Tuesday, January 26 by Drexel Hamilton. The rating was maintained by Goldman Sachs with “Buy” on Wednesday, November 2. Bernstein downgraded Corning Incorporated (NYSE:GLW) on Wednesday, February 1 to “Mkt Perform” rating. The company was maintained on Monday, June 19 by Drexel Hamilton. The stock of Corning Incorporated (NYSE:GLW) earned “Neutral” rating by Citigroup on Monday, April 3. The stock of Corning Incorporated (NYSE:GLW) has “Buy” rating given on Wednesday, January 4 by Guggenheim. The firm has “Sell” rating given on Friday, June 10 by Drexel Hamilton. The stock of Corning Incorporated (NYSE:GLW) has “Hold” rating given on Friday, October 9 by Drexel Hamilton.
Investors sentiment increased to 1.22 in 2017 Q3. Its up 0.09, from 1.13 in 2017Q2. It increased, as 35 investors sold DNOW shares while 62 reduced holdings. 31 funds opened positions while 87 raised stakes. 109.72 million shares or 3.22% more from 106.30 million shares in 2017Q2 were reported. Credit Suisse Ag, Switzerland-based fund reported 160,679 shares. Bank Of America Corporation De invested 0% of its portfolio in NOW Inc. (NYSE:DNOW). Cambridge Invest Research Incorporated has 0% invested in NOW Inc. (NYSE:DNOW). Retirement Systems Of Alabama invested in 0.01% or 138,921 shares. Qs Invsts Ltd Liability Co accumulated 108 shares. Baillie Gifford And reported 0.23% in NOW Inc. (NYSE:DNOW). Boston Prtnrs accumulated 0% or 171,823 shares. Bartlett Co Ltd Liability Corporation owns 150 shares or 0% of their US portfolio. Deutsche Natl Bank Ag holds 0% in NOW Inc. (NYSE:DNOW) or 446,298 shares. Mitsubishi Ufj & Banking Corp accumulated 0.03% or 1.27M shares. Shapiro Cap Management Lc has 2.21 million shares. Massachusetts-based Liberty Mutual Group Inc Asset Management has invested 0.02% in NOW Inc. (NYSE:DNOW). Zacks Mgmt invested in 12,497 shares. Tarbox Family Office reported 0% of its portfolio in NOW Inc. (NYSE:DNOW). Moreover, Winslow Evans & Crocker has 0% invested in NOW Inc. (NYSE:DNOW).
Heartland Advisors Inc, which manages about $6.06 billion and $1.55B US Long portfolio, upped its stake in Oclaro Inc (NASDAQ:OCLR) by 50,000 shares to 150,000 shares, valued at $1.30M in 2017Q3, according to the filing. It also increased its holding in Powell Inds Inc (NASDAQ:POWL) by 79,884 shares in the quarter, for a total of 379,385 shares, and has risen its stake in Usa Technologies Inc (NASDAQ:USAT).
The post As Now (DNOW) Stock Price Declined, Heartland Advisors Has Lowered Stake; Corning (GLW) Holder Wealthtrust Axiom Has Trimmed Its Stake as Share Price Rose appeared first on Stock Market News | HillCountryTimes | Get it Today.
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