Baker Avenue Asset Management LP Has Decreased Corning Com (GLW) Position By $365,376; Last Week Pool (POOL) Coverage

June 19, 2017 - By Maria Brooks

Baker Avenue Asset Management Lp decreased Corning Inc Com (GLW) stake by 10.03% reported in 2016Q4 SEC filing. Baker Avenue Asset Management Lp sold 15,224 shares as Corning Inc Com (GLW)’s stock rose 5.06%. The Baker Avenue Asset Management Lp holds 136,535 shares with $3.31 million value, down from 151,759 last quarter. Corning Inc Com now has $27.41B valuation. The stock rose 1.21% or $0.35 reaching $29.76. About 3.51 million shares traded. Corning Incorporated (NYSE:GLW) has risen 53.38% since June 19, 2016 and is uptrending. It has outperformed by 36.68% the S&P500.

Among 7 analysts covering Pool Corporation (NASDAQ:POOL), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. Pool Corporation had 10 analyst reports since July 28, 2015 according to SRatingsIntel. Sidoti downgraded Pool Corporation (NASDAQ:POOL) on Monday, October 12 to “Neutral” rating. The stock has “Accumulate” rating by Johnson Rice on Friday, July 15. KeyBanc Capital Markets upgraded the shares of POOL in report on Tuesday, September 8 to “Overweight” rating. Wedbush maintained it with “Outperform” rating and $120 target in Tuesday, February 14 report. The rating was upgraded by William Blair on Tuesday, July 28 to “Outperform”. The firm has “Outperform” rating given on Monday, February 27 by Wedbush. The stock of Pool Corporation (NASDAQ:POOL) earned “Outperform” rating by Robert W. Baird on Friday, February 17. The stock of Pool Corporation (NASDAQ:POOL) earned “Sell” rating by Zacks on Monday, September 21. See Pool Corporation (NASDAQ:POOL) latest ratings:

27/02/2017 Broker: Wedbush Rating: Outperform Old Target: $120 New Target: $128 Maintain
17/02/2017 Broker: Robert W. Baird Old Rating: Neutral New Rating: Outperform Old Target: $103 New Target: $130 Upgrade
14/02/2017 Broker: Wedbush Rating: Outperform Old Target: $109 New Target: $120 Maintain

About 67,259 shares traded. Pool Corporation (NASDAQ:POOL) has risen 35.85% since June 19, 2016 and is uptrending. It has outperformed by 19.15% the S&P500.

Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The company has market cap of $5.06 billion. The Firm is a distributor of irrigation and landscape products in the United States. It has a 34.23 P/E ratio. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors , Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).

Since February 21, 2017, it had 2 insider purchases, and 9 sales for $17.94 million activity. Another trade for 600 shares valued at $70,415 was made by Joslin Mark W on Tuesday, February 21. On Tuesday, May 9 PEREZ DE LA MESA MANUEL J sold $1.51 million worth of Pool Corporation (NASDAQ:POOL) or 12,372 shares. Shares for $359 were bought by WHALEN DAVID G on Thursday, March 30. Shares for $1.54 million were sold by COOK ARTHUR D on Monday, March 13. SEXTON WILSON B sold $5.95 million worth of Pool Corporation (NASDAQ:POOL) on Monday, March 27.

Investors sentiment decreased to 0.89 in 2016 Q4. Its down 0.21, from 1.1 in 2016Q3. It turned negative, as 35 investors sold Pool Corporation shares while 99 reduced holdings. 39 funds opened positions while 80 raised stakes. 36.93 million shares or 0.02% more from 36.92 million shares in 2016Q3 were reported. Foundry Prtnrs reported 2,150 shares. Putnam Limited Liability Com reported 53,990 shares. Glenmede Na holds 2,115 shares. Parametric Port Associate Ltd Liability Com has 0.02% invested in Pool Corporation (NASDAQ:POOL). 13,002 were accumulated by Stifel Fin. Hanseatic Mngmt Ser Inc holds 0.83% of its portfolio in Pool Corporation (NASDAQ:POOL) for 14,213 shares. 2,820 were reported by Bremer Natl Association. Gotham Asset owns 76,024 shares or 0.1% of their US portfolio. Moreover, Alliancebernstein Lp has 0.03% invested in Pool Corporation (NASDAQ:POOL) for 338,499 shares. Pub Employees Retirement Association Of Colorado invested in 0.31% or 368,940 shares. Cornerstone owns 6 shares. Louisiana State Employees Retirement System has invested 0.05% in Pool Corporation (NASDAQ:POOL). Moreover, Advsr Asset Inc has 0% invested in Pool Corporation (NASDAQ:POOL). Mufg Americas Hldg stated it has 0.04% in Pool Corporation (NASDAQ:POOL). Schwab Charles Investment Management stated it has 194,194 shares or 0.02% of all its holdings.

Baker Avenue Asset Management Lp increased Dow Chem Co Com (NYSE:DOW) stake by 28,542 shares to 98,369 valued at $5.63M in 2016Q4. It also upped Vanguard Ftse Developed Markets Etf (VEA) stake by 363,991 shares and now owns 435,850 shares. Chevron Corp New Com (NYSE:CVX) was raised too.

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. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, September 25 report. Drexel Hamilton maintained the shares of GLW in report on Tuesday, January 26 with “Hold” rating. On Friday, September 25 the stock rating was reinitiated by Goldman Sachs with “Neutral”. JP Morgan downgraded the shares of GLW in report on Thursday, December 17 to “Neutral” rating. As per Thursday, April 13, the company rating was maintained by Stifel Nicolaus. RBC Capital Markets maintained Corning Incorporated (NYSE:GLW) on Wednesday, October 28 with “Outperform” rating. Citigroup initiated the stock with “Buy” rating in Monday, June 20 report. The firm has “Neutral” rating by Sterne Agee CRT given on Tuesday, September 29. The firm has “Neutral” rating given on Monday, April 3 by Citigroup. The firm has “Buy” rating by Guggenheim given on Wednesday, January 4.

Analysts await Corning Incorporated (NYSE:GLW) to report earnings on July, 26. They expect $0.40 EPS, up 8.11% or $0.03 from last year’s $0.37 per share. GLW’s profit will be $368.41 million for 18.60 P/E if the $0.40 EPS becomes a reality. After $0.39 actual EPS reported by Corning Incorporated for the previous quarter, Wall Street now forecasts 2.56% EPS growth.

Since January 24, 2017, it had 0 insider purchases, and 28 insider sales for $39.44 million activity. $480,989 worth of Corning Incorporated (NYSE:GLW) shares were sold by ROGUS MARK S. Ferrero Lisa had sold 56,500 shares worth $1.64M. The insider STEVERSON LEWIS A sold 30,000 shares worth $870,000. Shares for $962,348 were sold by Curran Martin J. The insider Schlesinger Edward A sold 5,747 shares worth $161,976. Morse David L had sold 128,103 shares worth $3.42 million on Wednesday, January 25. 50,000 Corning Incorporated (NYSE:GLW) shares with value of $1.38M were sold by McRae Lawrence D.

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