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Corning (GLW) Holder Hendley & Co Cut Position; Adirondack Research & Management Holding in Callaway Golf Co (ELY) Decreased as Stock Price Rose

Adirondack Research & Management Inc decreased its stake in Callaway Golf Co (ELY) by 30.48% based on its latest 2017Q3 regulatory filing with the SEC. Adirondack Research & Management Inc sold 149,300 shares as the company’s stock rose 22.71% with the market. The institutional investor held 340,472 shares of the recreational products and toys company at the end of 2017Q3, valued at $4.91 million, down from 489,772 at the end of the previous reported quarter. Adirondack Research & Management Inc who had been investing in Callaway Golf Co for a number of months, seems to be less bullish one the $1.47 billion market cap company. The stock increased 0.58% or $0.09 during the last trading session, reaching $15.56. About 822,007 shares traded. Callaway Golf Company (NYSE:ELY) has risen 39.56% since February 24, 2017 and is uptrending. It has outperformed by 22.86% the S&P500.

Hendley & Co Inc decreased its stake in Corning Incorporated (GLW) by 14.77% based on its latest 2017Q3 regulatory filing with the SEC. Hendley & Co Inc sold 20,876 shares as the company’s stock rose 5.06% with the market. The institutional investor held 120,427 shares of the telecommunications equipment company at the end of 2017Q3, valued at $3.60 million, down from 141,303 at the end of the previous reported quarter. Hendley & Co Inc who had been investing in Corning Incorporated for a number of months, seems to be less bullish one the $25.12 billion market cap company. The stock increased 0.31% or $0.09 during the last trading session, reaching $29.3. About 9.05M shares traded or 34.05% up from the average. Corning Incorporated (NYSE:GLW) has risen 53.38% since February 24, 2017 and is uptrending. It has outperformed by 36.68% the S&P500.

Among 16 analysts covering Callaway Golf (NYSE:ELY), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. Callaway Golf had 43 analyst reports since August 23, 2015 according to SRatingsIntel. FBR Capital maintained Callaway Golf Company (NYSE:ELY) rating on Thursday, February 8. FBR Capital has “Buy” rating and $18.0 target. On Tuesday, June 6 the stock rating was maintained by Jefferies with “Buy”. The company was maintained on Wednesday, January 24 by KeyBanc Capital Markets. The stock of Callaway Golf Company (NYSE:ELY) earned “Outperform” rating by FBR Capital on Thursday, June 30. The stock has “Buy” rating by Suntrust Robinson on Friday, May 13. The firm earned “Overweight” rating on Thursday, August 31 by KeyBanc Capital Markets. The stock has “Buy” rating by KeyBanc Capital Markets on Wednesday, November 22. The stock of Callaway Golf Company (NYSE:ELY) has “Hold” rating given on Monday, October 23 by Cowen & Co. On Wednesday, January 24 the stock rating was maintained by FBR Capital with “Buy”. The rating was initiated by Compass Point with “Neutral” on Friday, September 9.

Analysts await Callaway Golf Company (NYSE:ELY) to report earnings on May, 3. They expect $0.49 EPS, up 63.33% or $0.19 from last year’s $0.3 per share. ELY’s profit will be $46.32M for 7.94 P/E if the $0.49 EPS becomes a reality. After $-0.15 actual EPS reported by Callaway Golf Company for the previous quarter, Wall Street now forecasts -426.67% EPS growth.

Investors sentiment decreased to 1.19 in 2017 Q3. Its down 0.25, from 1.44 in 2017Q2. It turned negative, as 20 investors sold ELY shares while 64 reduced holdings. 28 funds opened positions while 72 raised stakes. 82.05 million shares or 4.77% more from 78.32 million shares in 2017Q2 were reported. Rhumbline Advisers stated it has 0.01% of its portfolio in Callaway Golf Company (NYSE:ELY). New York-based Engineers Gate Manager LP has invested 0.13% in Callaway Golf Company (NYSE:ELY). Ameriprise Financial holds 506,911 shares. 86,598 were accumulated by Hsbc Pcl. Federated Pa holds 0% or 3,982 shares in its portfolio. Moreover, Guggenheim Limited Co has 0% invested in Callaway Golf Company (NYSE:ELY) for 11,160 shares. Profund Advsrs Ltd Liability Corp stated it has 0.01% of its portfolio in Callaway Golf Company (NYSE:ELY). Thrivent For Lutherans accumulated 0.01% or 270,444 shares. Oppenheimer reported 66,000 shares stake. Thomson Horstmann & Bryant has 749,062 shares. Tower Research Limited Liability Company (Trc), a New York-based fund reported 9,524 shares. Atria Investments Ltd Company reported 19,933 shares stake. Bank & Trust Of Montreal Can has invested 0% of its portfolio in Callaway Golf Company (NYSE:ELY). Natixis holds 0% or 13,841 shares. Sector Pension Inv Board holds 59,776 shares.

Adirondack Research & Management Inc, which manages about $287.86M and $255.90 million US Long portfolio, upped its stake in Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 74,000 shares to 180,250 shares, valued at $3.09M in 2017Q3, according to the filing. It also increased its holding in Triumph Group Inc New (NYSE:TGI) by 17,617 shares in the quarter, for a total of 127,263 shares, and has risen its stake in Owens & Minor Inc New (NYSE:OMI).

Since August 29, 2017, it had 0 insider purchases, and 8 selling transactions for $3.10 million activity. 25,911 shares valued at $384,519 were sold by Lynch Brian P. on Friday, February 9. Leposky Mark F sold $443,674 worth of stock. Hocknell Alan sold $125,535 worth of stock or 8,369 shares. 68,824 shares were sold by Howie Neil, worth $1.08 million.

Hendley & Co Inc, which manages about $216.47M and $182.91 million US Long portfolio, upped its stake in Visa Inc. (NYSE:V) by 10,244 shares to 85,759 shares, valued at $9.03 million in 2017Q3, according to the filing.

Analysts await Corning Incorporated (NYSE:GLW) to report earnings on April, 24. They expect $0.30 EPS, down 23.08% or $0.09 from last year’s $0.39 per share. GLW’s profit will be $257.23 million for 24.42 P/E if the $0.30 EPS becomes a reality. After $0.49 actual EPS reported by Corning Incorporated for the previous quarter, Wall Street now forecasts -38.78% negative 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 45 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Corning Incorporated (NYSE:GLW) earned “Hold” rating by Drexel Hamilton on Friday, October 9. The firm has “Sell” rating by Drexel Hamilton given on Monday, June 19. Citigroup maintained Corning Incorporated (NYSE:GLW) rating on Wednesday, October 25. Citigroup has “Neutral” rating and $32 target. The firm has “Hold” rating given on Friday, September 8 by Stifel Nicolaus. Jefferies maintained Corning Incorporated (NYSE:GLW) rating on Wednesday, October 4. Jefferies has “Hold” rating and $29.5 target. The firm has “Buy” rating by Deutsche Bank given on Wednesday, October 25. The company was maintained on Thursday, January 25 by Citigroup. Guggenheim maintained the shares of GLW in report on Monday, July 17 with “Buy” rating. The company was initiated on Wednesday, January 4 by Guggenheim. Citigroup initiated the shares of GLW in report on Monday, June 20 with “Buy” rating.

Since August 24, 2017, it had 1 buy, and 6 insider sales for $10.46 million activity. $887,931 worth of Corning Incorporated (NYSE:GLW) was bought by CANNING JOHN A JR. Musser Eric S sold $945,178 worth of stock. Pambianchi Christine M had sold 33,000 shares worth $942,619 on Tuesday, August 29. The insider McRae Lawrence D sold 48,125 shares worth $1.38 million. Shares for $7.81M were sold by WEEKS WENDELL P on Tuesday, October 31. 6,513 shares valued at $205,778 were sold by TOOKES HANSEL E II on Wednesday, October 25.

Investors sentiment decreased to 0.75 in Q3 2017. Its down 0.17, from 0.92 in 2017Q2. It is negative, 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. Financial Advantage Inc accumulated 300 shares or 0.01% of the stock. United Bancorporation Incorporated holds 0.29% or 24,448 shares. Moreover, Tiaa Cref Investment Mgmt has 0.06% invested in Corning Incorporated (NYSE:GLW) for 2.97 million shares. Menlo Advsrs Limited holds 138,125 shares or 3.14% of its portfolio. Iat Reinsurance holds 312,550 shares or 1.44% of its portfolio. Susquehanna Intll Gp Llp has invested 0.01% in Corning Incorporated (NYSE:GLW). Strategy Asset Managers Limited Liability holds 2.6% or 423,888 shares. Kings Point Capital Mgmt has 1,725 shares for 0.01% of their portfolio. First Personal Fincl holds 606 shares. Fred Alger invested in 0% or 1,312 shares. Moreover, Reilly Financial Advisors Ltd Liability Corp has 0.02% invested in Corning Incorporated (NYSE:GLW) for 3,465 shares. 6,804 are owned by Hm Payson Company. Corda Invest Management Ltd reported 0.18% of its portfolio in Corning Incorporated (NYSE:GLW). Braun Stacey Associate has invested 0.95% in Corning Incorporated (NYSE:GLW). Massachusetts-based Srb Corporation has invested 0.02% in Corning Incorporated (NYSE:GLW).

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