2 weeks Ago By ABMN Staff
Invesco Ltd. lifted its position in O-I Glass, Inc. ( NYSE:OI – Free Report ) by 21.
3% during the 4th quarter, HoldingsChannel reports. The firm owned 1,260,478 shares of the industrial products company’s stock after acquiring an additional 221,368 shares during the quarter. Invesco Ltd.
’s holdings in O-I Glass were worth $13,664,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in O-I Glass during the fourth quarter valued at $45,000.
KBC Group NV boosted its stake in shares of O-I Glass by 42.5% during the 4th quarter. KBC Group NV now owns 7,740 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 2,309 shares during the period.
New Age Alpha Advisors LLC bought a new position in O-I Glass during the 4th quarter valued at about $86,000. Jones Financial Companies Lllp lifted its stake in O-I Glass by 277.1% in the fourth quarter.
Jones Financial Companies Lllp now owns 14,982 shares of the industrial products company’s stock worth $162,000 after purchasing an additional 11,009 shares during the last quarter. Finally, Corient Private Wealth LLC grew its stake in shares of O-I Glass by 13.4% during the fourth quarter.
Corient Private Wealth LLC now owns 16,544 shares of the industrial products company’s stock valued at $179,000 after buying an additional 1,954 shares during the last quarter. 97.24% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades Several equities analysts have commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of O-I Glass in a research report on Monday, March 17th.
Citigroup reduced their price target on shares of O-I Glass from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th.
Bank of America upped their target price on shares of O-I Glass from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, January 6th.
Finally, Wells Fargo & Company lowered their price target on O-I Glass from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, January 6th.
Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.
38. O-I Glass Price Performance Shares of NYSE OI opened at $10.79 on Tuesday.
The firm has a fifty day moving average of $11.30 and a 200 day moving average of $11.58.
O-I Glass, Inc. has a one year low of $9.23 and a one year high of $15.
72. The firm has a market cap of $1.67 billion, a PE ratio of -15.
20, a PEG ratio of 0.24 and a beta of 0.98.
The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.70 and a current ratio of 1.
15. O-I Glass ( NYSE:OI – Get Free Report ) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported ($0.
05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02.
O-I Glass had a positive return on equity of 8.27% and a negative net margin of 1.62%.
As a group, research analysts predict that O-I Glass, Inc. will post 1.33 EPS for the current fiscal year.
About O-I Glass ( Free Report ) O-I Glass, Inc, through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. Read More Want to see what other hedge funds are holding OI? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for O-I Glass, Inc. ( NYSE:OI – Free Report ). Receive News & Ratings for O-I Glass Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O-I Glass and related companies with MarketBeat.
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