Phoenix New Media Limited (FENG) Reaches $4.25 After 8.00% Up Move; Staley Capital Advisers Lowered Corning (GLW) Stake By $336,102

April 17, 2018 - By Darrin Black

Phoenix New Media Limited (NYSE:FENG) Logo

The stock of Phoenix New Media Limited (NYSE:FENG) is a huge mover today! The stock increased 4.82% or $0.195 during the last trading session, reaching $4.245. About 107,449 shares traded. Phoenix New Media Limited (NYSE:FENG) has risen 21.91% since April 17, 2017 and is uptrending. It has outperformed by 10.36% the S&P500.The move comes after 9 months positive chart setup for the $306.34M company. It was reported on Apr, 17 by Barchart.com. We have $4.58 PT which if reached, will make NYSE:FENG worth $24.51M more.

Staley Capital Advisers Inc decreased Corning Inc. (GLW) stake by 0.74% reported in 2017Q4 SEC filing. Staley Capital Advisers Inc sold 10,842 shares as Corning Inc. (GLW)’s stock declined 14.33%. The Staley Capital Advisers Inc holds 1.46 million shares with $46.60M value, down from 1.47M last quarter. Corning Inc. now has $23.60 billion valuation. The stock increased 1.07% or $0.295 during the last trading session, reaching $27.785. About 2.00M shares traded. Corning Incorporated (NYSE:GLW) has risen 1.20% since April 17, 2017 and is uptrending. It has underperformed by 10.35% the S&P500.

Among 2 analysts covering Phoenix New Media Limited (NYSE:FENG), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Phoenix New Media Limited had 2 analyst reports since November 11, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, November 11 by Macquarie Research. The stock of Phoenix New Media Limited (NYSE:FENG) earned “Overweight” rating by JP Morgan on Wednesday, August 31.

Phoenix New Media Limited provides content on an integrated platform across Internet, mobile, and TV channels in the PeopleÂ’s Republic of China. The company has market cap of $306.34 million. It offers content and services through three channels, including ifeng.com channel, television channel, and mobile channel, as well as transmits content to TV viewers, primarily through Phoenix TV. It has a 55.86 P/E ratio. The company, through its Website, ifeng.com, provides approximately 40 Interest verticals, such as news, finance, automobiles, entertainment, fashion, military affairs, live broadcasting, we-media, sports, history, video, and PC digital reading; offers interactive services, including comments posting and user surveys; and operates third-party developed Web games on its game platform, play.ifeng.com.

Since October 25, 2017, it had 1 buy, and 5 sales for $8.17 million activity. $7.81 million worth of stock was sold by WEEKS WENDELL P on Tuesday, October 31. The insider Pambianchi Christine M sold 1,000 shares worth $29,895. Musser Eric S sold 29,949 shares worth $945,178. RIEMAN DEBORAH sold $66,979 worth of stock or 2,083 shares. On Wednesday, October 25 TOOKES HANSEL E II sold $205,778 worth of Corning Incorporated (NYSE:GLW) or 6,513 shares. The insider CANNING JOHN A JR bought 30,000 shares worth $887,931.

Among 18 analysts covering Corning Incorporated (NYSE:GLW), 5 have Buy rating, 2 Sell and 11 Hold. Therefore 28% are positive. Corning Incorporated had 46 analyst reports since July 30, 2015 according to SRatingsIntel. The company was maintained on Wednesday, October 25 by Deutsche Bank. The stock of Corning Incorporated (NYSE:GLW) has “Neutral” rating given on Thursday, January 25 by Citigroup. The firm has “Neutral” rating by Citigroup given on Friday, March 9. The firm earned “Sell” rating on Monday, June 19 by Drexel Hamilton. The firm earned “Neutral” rating on Tuesday, September 29 by Sterne Agee CRT. The rating was maintained by Jefferies on Tuesday, May 30 with “Hold”. Guggenheim maintained Corning Incorporated (NYSE:GLW) rating on Tuesday, December 12. Guggenheim has “Buy” rating and $35.0 target. The firm has “Neutral” rating by Goldman Sachs given on Friday, September 25. The stock has “Neutral” rating by Bank of America on Tuesday, January 24. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, April 13.

Staley Capital Advisers Inc increased Johnson Controls stake by 107,775 shares to 777,050 valued at $29.61M in 2017Q4. It also upped Tristate Cap stake by 17,000 shares and now owns 40,950 shares. Cisco Systems (NASDAQ:CSCO) was raised too.

Analysts await Corning Incorporated (NYSE:GLW) to report earnings on April, 24 before the open. They expect $0.30 earnings per share, down 23.08% or $0.09 from last year’s $0.39 per share. GLW’s profit will be $254.77M for 23.15 P/E if the $0.30 EPS becomes a reality. After $0.49 actual earnings per share reported by Corning Incorporated for the previous quarter, Wall Street now forecasts -38.78% negative EPS growth.

Investors sentiment increased to 0.84 in 2017 Q4. Its up 0.09, from 0.75 in 2017Q3. It improved, as 41 investors sold GLW shares while 340 reduced holdings. 86 funds opened positions while 234 raised stakes. 598.30 million shares or 2.01% less from 610.60 million shares in 2017Q3 were reported. 479,858 were accumulated by Aviva Plc. Blair William & Il stated it has 168,259 shares. Aull Monroe Inv Mgmt stated it has 61,458 shares. Denali Advsrs Ltd Liability invested 1.22% in Corning Incorporated (NYSE:GLW). Cleararc has invested 0.09% in Corning Incorporated (NYSE:GLW). Korea Investment, Korea-based fund reported 377,705 shares. Cibc National Bank & Trust Usa owns 9,550 shares. 12,475 were reported by Skba Capital Lc. Creative Planning has 0.02% invested in Corning Incorporated (NYSE:GLW). Laurion Management LP has 570,738 shares for 0.09% of their portfolio. Public Employees Retirement Association Of Colorado owns 167,430 shares. Pacad Inv Ltd holds 39,531 shares. Yacktman Asset Mngmt Limited Partnership accumulated 0.4% or 1.28 million shares. Lincluden Mgmt Limited holds 0.99% or 446,401 shares. 6,589 were reported by Legacy Capital Partners.

Corning Incorporated (NYSE:GLW) Institutional Positions Chart

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