Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 237,319 O-I Glass, Inc. (NYSE:OI)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in O-I Glass, Inc. (NYSE:OI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 237,319 shares of the industrial products company's stock, valued at approximately $2,573,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.15% of O-I Glass at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd acquired a new position in shares of O-I Glass in the fourth quarter worth about $45,000. Sterling Capital Management LLC lifted its position in shares of O-I Glass by 807.2% in the fourth quarter. Sterling Capital Management LLC now owns 4,881 shares of the industrial products company's stock worth $53,000 after purchasing an additional 4,343 shares in the last quarter. KBC Group NV lifted its position in shares of O-I Glass by 42.5% in the fourth 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 in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of O-I Glass in the fourth quarter worth approximately $86,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of O-I Glass in the fourth quarter worth approximately $89,000. 97.24% of the stock is currently owned by institutional investors and hedge funds.

O-I Glass Stock Up 2.7%

OI traded up $0.36 during midday trading on Friday, hitting $13.61. 1,066,773 shares of the company's stock traded hands, compared to its average volume of 1,549,520. The company has a market cap of $2.11 billion, a PE ratio of -19.17, a price-to-earnings-growth ratio of 0.24 and a beta of 0.93. The stock's fifty day simple moving average is $12.25 and its 200-day simple moving average is $11.69. The company has a debt-to-equity ratio of 3.78, a current ratio of 1.15 and a quick ratio of 0.70. O-I Glass, Inc. has a one year low of $9.23 and a one year high of $14.34.

O-I Glass (NYSE:OI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.18 by $0.22. O-I Glass had a positive return on equity of 8.27% and a negative net margin of 1.62%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the company posted $0.45 earnings per share. The company's revenue for the quarter was up .4% compared to the same quarter last year. As a group, equities analysts anticipate that O-I Glass, Inc. will post 1.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Truist Financial reissued a "buy" rating and issued a $16.00 price target (up from $13.00) on shares of O-I Glass in a research report on Thursday, May 1st. Barclays increased their price target on shares of O-I Glass from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Wall Street Zen raised shares of O-I Glass from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Citigroup increased their price target on shares of O-I Glass from $11.00 to $14.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $16.00 price objective on shares of O-I Glass in a research report on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $15.88.

O-I Glass Profile

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.