Mariner Investment Group LLC Acquires 20,000 Shares of Corning Incorporated $GLW

Key Points

• Mariner Investment Group LLC increased its holdings in Corning Incorporated by 33.3%, acquiring an additional 20,000 shares to total 80,000, representing 1.5% of its portfolio.
• Several institutional investors bolstered their stakes in Corning, with notable increases including a 165.9% rise from Investment Management Corp VA ADV in the first quarter.
• Corning reported quarterly earnings that exceeded analyst expectations, with a net margin of 5.77% and guidance for Q3 2025 set at $0.630-0.670 EPS.

Mariner Investment Group LLC boosted its holdings in shares of Corning Incorporated (NYSE:GLW - Free Report) by 33.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,000 shares of the electronics maker's stock after buying an additional 20,000 shares during the quarter. Corning comprises 1.5% of Mariner Investment Group LLC's portfolio, making the stock its 9th biggest holding. Mariner Investment Group LLC's holdings in Corning were worth $4,207,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Investment Management Corp VA ADV increased its stake in shares of Corning by 165.9% in the first quarter. Investment Management Corp VA ADV now owns 742 shares of the electronics maker's stock worth $34,000 after purchasing an additional 463 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Corning by 90.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 745 shares of the electronics maker's stock worth $34,000 after purchasing an additional 353 shares during the period. Banque Transatlantique SA bought a new position in shares of Corning in the first quarter worth about $34,000. Resources Management Corp CT ADV increased its stake in shares of Corning by 66.7% in the first quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker's stock worth $34,000 after purchasing an additional 300 shares during the period. Finally, Gen Wealth Partners Inc increased its stake in shares of Corning by 151.7% in the first quarter. Gen Wealth Partners Inc now owns 755 shares of the electronics maker's stock worth $35,000 after purchasing an additional 455 shares during the period. 69.80% of the stock is currently owned by institutional investors.

Insider Activity

In other Corning news, EVP Lewis A. Steverson sold 16,646 shares of the firm's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $62.22, for a total transaction of $1,035,714.12. Following the completion of the transaction, the executive vice president owned 39,759 shares in the company, valued at $2,473,804.98. This trade represents a 29.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael Paul O'day sold 14,879 shares of Corning stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $62.36, for a total transaction of $927,854.44. Following the completion of the transaction, the senior vice president owned 35,743 shares of the company's stock, valued at $2,228,933.48. This trade represents a 29.39% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 181,671 shares of company stock valued at $11,816,899. 0.40% of the stock is owned by company insiders.

Corning Stock Up 0.3%

Shares of GLW opened at $79.33 on Friday. The stock has a market cap of $67.96 billion, a price-to-earnings ratio of 84.39, a P/E/G ratio of 1.77 and a beta of 1.09. The company has a quick ratio of 0.93, a current ratio of 1.50 and a debt-to-equity ratio of 0.58. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $81.58. The company has a 50-day moving average price of $68.01 and a two-hundred day moving average price of $54.67.

Corning (NYSE:GLW - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The electronics maker reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.03. The firm had revenue of $3.86 billion during the quarter, compared to analysts' expectations of $3.84 billion. Corning had a net margin of 5.77% and a return on equity of 17.27%. During the same quarter last year, the company earned $0.47 earnings per share. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. Equities analysts predict that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GLW. Citigroup lifted their price objective on Corning from $72.00 to $93.00 and gave the stock a "buy" rating in a research note on Wednesday. Wolfe Research began coverage on shares of Corning in a research note on Tuesday, July 8th. They issued an "outperform" rating for the company. Argus reiterated a "buy" rating and issued a $68.00 target price on shares of Corning in a research note on Wednesday, July 30th. Oppenheimer reiterated an "outperform" rating and issued a $72.00 target price (up previously from $55.00) on shares of Corning in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of Corning from $62.00 to $65.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $70.08.

Corning Company Profile

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.

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