Charles Schwab Investment Management Inc. Has $22.86 Million Stock Holdings in O-I Glass, Inc. $OI

Key Points

• Charles Schwab Investment Management Inc. increased its stake in O-I Glass, Inc. by 7.8%, owning approximately 1.29% of the company, valued at about $22.86 million as of the latest SEC filing.
• Several institutional investors have significantly boosted their positions in O-I Glass, including a 79.3% increase by GAMMA Investing LLC and an 807.2% increase by Sterling Capital Management LLC.
• O-I Glass reported quarterly earnings of $0.53 per share, exceeding analysts' expectations, and the company provided FY 2025 earnings guidance of $1.30-$1.55 per share.

Charles Schwab Investment Management Inc. lifted its stake in O-I Glass, Inc. (NYSE:OI - Free Report) by 7.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,992,887 shares of the industrial products company's stock after purchasing an additional 144,030 shares during the period. Charles Schwab Investment Management Inc. owned about 1.29% of O-I Glass worth $22,858,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in O-I Glass by 79.3% during the 1st quarter. GAMMA Investing LLC now owns 2,583 shares of the industrial products company's stock worth $30,000 after acquiring an additional 1,142 shares in the last quarter. Sterling Capital Management LLC grew its holdings in O-I Glass by 807.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,881 shares of the industrial products company's stock worth $53,000 after acquiring an additional 4,343 shares in the last quarter. Point72 Asset Management L.P. bought a new position in O-I Glass during the 4th quarter worth about $89,000. CWM LLC boosted its holdings in shares of O-I Glass by 623.9% in the 1st quarter. CWM LLC now owns 8,390 shares of the industrial products company's stock valued at $96,000 after buying an additional 7,231 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of O-I Glass in the 4th quarter valued at about $106,000. 97.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OI has been the topic of a number of recent analyst reports. Bank of America restated a "neutral" rating and issued a $17.00 price target (up from $15.00) on shares of O-I Glass in a report on Wednesday, July 9th. UBS Group reissued a "buy" rating and set a $19.00 price target (up from $17.00) on shares of O-I Glass in a research report on Wednesday, July 9th. BNP Paribas set a $18.00 target price on shares of O-I Glass in a report on Wednesday, June 25th. Wells Fargo & Company reaffirmed a "mixed" rating on shares of O-I Glass in a report on Monday, August 4th. Finally, Barclays lifted their target price on shares of O-I Glass from $13.00 to $14.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, O-I Glass has an average rating of "Moderate Buy" and an average price target of $17.00.

Insider Buying and Selling

In other news, SVP Darrow A. Abrahams bought 3,828 shares of the stock in a transaction dated Tuesday, August 5th. The shares were bought at an average price of $13.05 per share, for a total transaction of $49,955.40. Following the completion of the purchase, the senior vice president owned 184,447 shares in the company, valued at approximately $2,407,033.35. This trade represents a 2.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gordon Hardie bought 8,000 shares of the stock in a transaction dated Tuesday, August 5th. The shares were purchased at an average price of $13.10 per share, for a total transaction of $104,800.00. Following the purchase, the chief executive officer owned 515,817 shares of the company's stock, valued at $6,757,202.70. This trade represents a 1.58% increase in their position. The disclosure for this purchase can be found here. 1.49% of the stock is currently owned by company insiders.

O-I Glass Stock Performance

NYSE:OI traded down $0.06 on Wednesday, hitting $13.20. The company's stock had a trading volume of 60,449 shares, compared to its average volume of 1,535,239. The company has a current ratio of 1.24, a quick ratio of 0.77 and a debt-to-equity ratio of 3.58. The stock has a fifty day moving average of $14.18 and a two-hundred day moving average of $12.83. The firm has a market capitalization of $2.03 billion, a P/E ratio of -8.01, a price-to-earnings-growth ratio of 0.26 and a beta of 0.92. O-I Glass, Inc. has a one year low of $9.23 and a one year high of $16.04.

O-I Glass (NYSE:OI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The industrial products company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.12. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.70 billion. O-I Glass had a positive return on equity of 13.70% and a negative net margin of 3.95%.The firm's quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 earnings per share. O-I Glass has set its FY 2025 guidance at 1.300-1.55 EPS. Research analysts predict that O-I Glass, Inc. will post 1.33 earnings per share for the current year.

O-I Glass Company 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.