Corning (GLW) Position Lifted by Todd Asset Management Llc; Alliance Res Prtn (ARLP) Stake Boosted by First Manhattan Company

January 14, 2018 - By Darrin Black

First Manhattan Company increased its stake in Alliance Res Prtn (ARLP) by 5.67% based on its latest 2017Q3 regulatory filing with the SEC. First Manhattan Company bought 20,000 shares as the company’s stock declined 8.23% while stock markets rallied. The hedge fund held 372,639 shares of the energy company at the end of 2017Q3, valued at $7.21M, up from 352,639 at the end of the previous reported quarter. First Manhattan Company who had been investing in Alliance Res Prtn for a number of months, seems to be bullish on the $2.72B market cap company. The stock decreased 1.42% or $0.3 during the last trading session, reaching $20.8. About 494,879 shares traded or 56.74% up from the average. Alliance Resource Partners, L.P. (NASDAQ:ARLP) has risen 50.47% since January 14, 2017 and is uptrending. It has outperformed by 33.77% the S&P500.

Todd Asset Management Llc increased its stake in Corning Inc (GLW) by 26.8% based on its latest 2017Q3 regulatory filing with the SEC. Todd Asset Management Llc bought 102,291 shares as the company’s stock rose 5.06% with the market. The institutional investor held 483,903 shares of the telecommunications equipment company at the end of 2017Q3, valued at $14.48M, up from 381,612 at the end of the previous reported quarter. Todd Asset Management Llc who had been investing in Corning Inc for a number of months, seems to be bullish on the $30.12 billion market cap company. The stock increased 2.67% or $0.9 during the last trading session, reaching $34.66. About 6.59 million shares traded or 23.76% up from the average. Corning Incorporated (NYSE:GLW) has risen 53.38% since January 14, 2017 and is uptrending. It has outperformed by 36.68% the S&P500.

Todd Asset Management Llc, which manages about $3.59 billion and $3.61 billion US Long portfolio, decreased its stake in Fujifilm Holdings Corp (FUJIY) by 116,458 shares to 414,876 shares, valued at $16.10M in 2017Q3, according to the filing. It also reduced its holding in Best Buy Inc Com (NYSE:BBY) by 46,744 shares in the quarter, leaving it with 249,321 shares, and cut its stake in Delta Airlines (NYSE:DAL).

Since August 24, 2017, it had 0 insider buys, and 7 insider sales for $12.68 million activity. Shares for $942,619 were sold by Pambianchi Christine M on Tuesday, August 29. 248,857 Corning Incorporated (NYSE:GLW) shares with value of $7.81M were sold by WEEKS WENDELL P. McRae Lawrence D also sold $1.38 million worth of Corning Incorporated (NYSE:GLW) on Wednesday, August 30. TOOKES HANSEL E II had sold 6,513 shares worth $205,778. Kinlin Clark S had sold 46,763 shares worth $1.33 million. The insider Musser Eric S sold $945,178.

Investors sentiment decreased to 0.75 in Q3 2017. Its down 0.17, from 0.92 in 2017Q2. It dropped, 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. Inv Counsel invested 0.7% of its portfolio in Corning Incorporated (NYSE:GLW). Chesapeake Asset Mngmt Ltd Liability Company stated it has 0.54% in Corning Incorporated (NYSE:GLW). St Johns Inv Mngmt Company Lc stated it has 23,192 shares or 0.51% of all its holdings. Dana Inv Advsr Incorporated has invested 1.08% of its portfolio in Corning Incorporated (NYSE:GLW). Amalgamated Bank & Trust owns 0.1% invested in Corning Incorporated (NYSE:GLW) for 102,628 shares. Tower Bridge reported 47,548 shares. Hgk Asset Management has invested 0.07% in Corning Incorporated (NYSE:GLW). Liberty Mutual Asset, a Massachusetts-based fund reported 38,445 shares. Century holds 0.02% in Corning Incorporated (NYSE:GLW) or 509,895 shares. St Germain D J Com Incorporated reported 161,183 shares. Jacobs Co Ca reported 172,631 shares. Hartford Inv, Connecticut-based fund reported 246,812 shares. Rand Wealth Limited Liability Corp reported 11,400 shares. Fincl Advantage Inc has invested 0.01% of its portfolio in Corning Incorporated (NYSE:GLW). Canandaigua Retail Bank & holds 0.25% in Corning Incorporated (NYSE:GLW) or 44,473 shares.

Among 18 analysts covering Corning Incorporated (NYSE:GLW), 5 have Buy rating, 2 Sell and 11 Hold. Therefore 28% are positive. Corning Incorporated had 44 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Drexel Hamilton on Tuesday, January 26 with “Hold”. The firm earned “Hold” rating on Friday, July 21 by Stifel Nicolaus. The rating was upgraded by Citigroup on Monday, April 3 to “Neutral”. On Thursday, December 17 the stock rating was downgraded by JP Morgan to “Neutral”. The firm earned “Sell” rating on Wednesday, July 26 by Drexel Hamilton. As per Friday, October 9, the company rating was initiated by Drexel Hamilton. The rating was maintained by Citigroup on Friday, August 26 with “Buy”. Drexel Hamilton downgraded the shares of GLW in report on Friday, June 10 to “Sell” rating. Guggenheim maintained the shares of GLW in report on Tuesday, October 24 with “Buy” rating. The firm earned “Buy” rating on Tuesday, September 15 by Deutsche Bank.

First Manhattan Company, which manages about $20.51B and $17.46B US Long portfolio, decreased its stake in Yum Brands Inc (NYSE:YUM) by 6,903 shares to 430,710 shares, valued at $31.70 million in 2017Q3, according to the filing. It also reduced its holding in Pnc Finl Svcs Grp (NYSE:PNC) by 3,560 shares in the quarter, leaving it with 89,777 shares, and cut its stake in Grace W R & Co Del (NYSE:GRA).

Among 7 analysts covering Alliance Resource Partners (NASDAQ:ARLP), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Alliance Resource Partners had 19 analyst reports since July 22, 2015 according to SRatingsIntel. Seaport Global Securities initiated it with “Buy” rating and $29 target in Monday, October 31 report. The firm has “Outperform” rating by FBR Capital given on Friday, September 18. Deutsche Bank maintained the shares of ARLP in report on Monday, October 5 with “Buy” rating. As per Tuesday, November 1, the company rating was maintained by FBR Capital. Stifel Nicolaus maintained Alliance Resource Partners, L.P. (NASDAQ:ARLP) rating on Wednesday, November 15. Stifel Nicolaus has “Hold” rating and $21 target. The rating was maintained by Cowen & Co on Thursday, July 30 with “Outperform”. On Thursday, August 6 the stock rating was upgraded by Zacks to “Strong Sell”. The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) earned “Neutral” rating by M Partners on Tuesday, December 20. Stifel Nicolaus maintained Alliance Resource Partners, L.P. (NASDAQ:ARLP) rating on Thursday, September 7. Stifel Nicolaus has “Hold” rating and $22.0 target. FBR Capital maintained Alliance Resource Partners, L.P. (NASDAQ:ARLP) rating on Thursday, October 13. FBR Capital has “Outperform” rating and $24 target.

Investors sentiment decreased to 0.72 in Q3 2017. Its down 0.51, from 1.23 in 2017Q2. It fall, as 12 investors sold ARLP shares while 31 reduced holdings. 13 funds opened positions while 18 raised stakes. 17.59 million shares or 2.43% less from 18.03 million shares in 2017Q2 were reported. Bank Of America De has 0% invested in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Riverpoint Capital Mngmt Ltd Liability Corporation holds 0.06% or 46,400 shares in its portfolio. Creative Planning stated it has 0% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Barclays Public Ltd Llc holds 23,368 shares. Parallax Volatility Advisers Lp stated it has 26,309 shares. Hsbc Public Limited has 15,903 shares. Sei Invs invested in 2,673 shares. Manufacturers Life Insur The reported 2,417 shares. Renaissance Ltd reported 179,190 shares or 0% of all its holdings. Focused Wealth Management Inc owns 200 shares. Benjamin F Edwards And invested in 0% or 900 shares. Tci Wealth Advsr Incorporated reported 4,000 shares or 0.04% of all its holdings. Raymond James & Assoc reported 0% in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Balyasny Asset Mngmt Lc stated it has 22,886 shares. Glenmede Trust Na has 15,073 shares for 0% of their portfolio.

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