Lennar Corp. (LEN) Holder Pcj Investment Counsel LTD Upped Holding by $2.10 Million; As Corning (GLW) Valuation Rose, Shareholder Guardian Capital Advisors LP Has Decreased Its Position

November 15, 2017 - By Nellie Frank

Pcj Investment Counsel Ltd increased its stake in Lennar Corp. (LEN) by 264.07% based on its latest 2017Q2 regulatory filing with the SEC. Pcj Investment Counsel Ltd bought 39,610 shares as the company’s stock rose 12.25% with the market. The institutional investor held 54,610 shares of the homebuilding company at the end of 2017Q2, valued at $2.91M, up from 15,000 at the end of the previous reported quarter. Pcj Investment Counsel Ltd who had been investing in Lennar Corp. for a number of months, seems to be bullish on the $13.68B market cap company. The stock increased 0.57% or $0.33 during the last trading session, reaching $58.56. About 4,887 shares traded. Lennar Corporation (NYSE:LEN) has risen 19.91% since November 15, 2016 and is uptrending. It has outperformed by 3.21% the S&P500.

Guardian Capital Advisors Lp decreased its stake in Corning Inc (GLW) by 9.32% based on its latest 2017Q2 regulatory filing with the SEC. Guardian Capital Advisors Lp sold 11,445 shares as the company’s stock rose 5.06% with the market. The institutional investor held 111,405 shares of the telecommunications equipment company at the end of 2017Q2, valued at $3.43 million, down from 122,850 at the end of the previous reported quarter. Guardian Capital Advisors Lp who had been investing in Corning Inc for a number of months, seems to be less bullish one the $27.55B market cap company. The stock declined 1.42% or $0.45 reaching $31.25 per share. About 23,581 shares traded. Corning Incorporated (NYSE:GLW) has risen 53.38% since November 15, 2016 and is uptrending. It has outperformed by 36.68% the S&P500.

Guardian Capital Advisors Lp, which manages about $1.66 billion and $695.43M US Long portfolio, upped its stake in Vermilion Energy Inc (NYSE:VET) by 7,905 shares to 59,945 shares, valued at $2.38M in 2017Q2, according to the filing.

Since May 19, 2017, it had 0 insider purchases, and 4 insider sales for $10.52 million activity. The insider WEEKS WENDELL P sold 153,500 shares worth $4.54M. Shares for $3.13M were sold by Clappin James P on Wednesday, June 14. Shares for $870,000 were sold by STEVERSON LEWIS A on Friday, May 19. 56,500 shares were sold by Ferrero Lisa, worth $1.64M.

Among 18 analysts covering Corning Incorporated (NYSE:GLW), 5 have Buy rating, 2 Sell and 11 Hold. Therefore 28% are positive. Corning Incorporated had 42 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Corning Incorporated (NYSE:GLW) earned “Buy” rating by Goldman Sachs on Tuesday, April 12. The rating was maintained by Deutsche Bank on Wednesday, October 25 with “Buy”. The firm has “Sell” rating given on Monday, June 19 by Drexel Hamilton. The firm earned “Market Perform” rating on Wednesday, December 21 by Wells Fargo. The stock has “Hold” rating by Stifel Nicolaus on Friday, July 21. The stock of Corning Incorporated (NYSE:GLW) earned “Buy” rating by Guggenheim on Tuesday, October 24. The company was initiated on Tuesday, September 29 by Sterne Agee CRT. RBC Capital Markets maintained it with “Outperform” rating and $21 target in Friday, September 25 report. Jefferies maintained the stock with “Hold” rating in Tuesday, May 30 report. Citigroup maintained the shares of GLW in report on Friday, August 26 with “Buy” rating.

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 $414.35 million for 16.62 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.

More news for Corning Incorporated (NYSE:GLW) were recently published by: Nasdaq.com, which released: “Corning Incorporated (GLW) Ex-Dividend Date Scheduled for November 15, 2017” on November 14, 2017. Fool.com‘s article titled: “Corning Builds a Moat of Fiber Optic Cable” and published on November 08, 2017 is yet another important article.

Investors sentiment increased to 0.92 in 2017 Q2. Its up 0.12, from 0.8 in 2017Q1. It improved, as 42 investors sold GLW shares while 336 reduced holdings. 89 funds opened positions while 257 raised stakes. 627.26 million shares or 3.43% less from 649.52 million shares in 2017Q1 were reported. 239,918 are held by Community Financial Group Llc. Lumbard Kellner Lc has invested 2.35% in Corning Incorporated (NYSE:GLW). 255,263 were accumulated by Hartford Invest Mngmt. Holderness Investments Communications holds 0.62% in Corning Incorporated (NYSE:GLW) or 38,806 shares. Voya Mngmt Ltd Liability Corporation has invested 0.02% of its portfolio in Corning Incorporated (NYSE:GLW). Barrett Asset Mngmt Ltd Com reported 0% of its portfolio in Corning Incorporated (NYSE:GLW). Cls Invests Lc accumulated 0% or 118 shares. Deutsche Bankshares Ag invested in 2.70 million shares. American Insur Tx invested 0.42% in Corning Incorporated (NYSE:GLW). 18,468 were accumulated by U S Global. Cypress Capital Mgmt Ltd Liability Corporation (Wy) holds 0% or 1,050 shares in its portfolio. 294,785 were reported by Ontario Teachers Pension Plan Board. Meeder Asset Management Inc stated it has 165,413 shares or 0.47% of all its holdings. Pub Sector Pension Invest Board, Quebec – Canada-based fund reported 104,866 shares. 165,052 are held by Wellington Management Gru Ltd Liability Partnership.

Pcj Investment Counsel Ltd, which manages about $1.55 billion US Long portfolio, decreased its stake in Franco (NYSE:FNV) by 46,340 shares to 291,319 shares, valued at $20.99 million in 2017Q2, according to the filing. It also reduced its holding in Open Text Corp. (NASDAQ:OTEX) by 94,460 shares in the quarter, leaving it with 903,876 shares, and cut its stake in Suncor Energy Inc. (NYSE:SU).

Among 24 analysts covering Lennar (NYSE:LEN), 15 have Buy rating, 0 Sell and 9 Hold. Therefore 63% are positive. Lennar had 54 analyst reports since September 22, 2015 according to SRatingsIntel. The stock of Lennar Corporation (NYSE:LEN) earned “Outperform” rating by RBC Capital Markets on Wednesday, September 21. The firm has “Hold” rating by KeyBanc Capital Markets given on Tuesday, August 22. The rating was maintained by Credit Suisse on Monday, February 8 with “Neutral”. The stock of Lennar Corporation (NYSE:LEN) has “Buy” rating given on Wednesday, October 4 by Bank of America. Wells Fargo initiated Lennar Corporation (NYSE:LEN) on Thursday, September 29 with “Market Perform” rating. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, July 13 report. The firm has “Overweight” rating by Barclays Capital given on Thursday, April 7. The stock has “Hold” rating by Deutsche Bank on Wednesday, March 30. Keefe Bruyette & Woods maintained it with “Buy” rating and $65.0 target in Thursday, October 19 report. The firm has “Outperform” rating given on Wednesday, September 21 by Keefe Bruyette & Woods.

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