Nuveen Asset Management LLC Has $13.85 Million Stake in O-I Glass, Inc. (NYSE:OI)

Nuveen Asset Management LLC increased its stake in shares of O-I Glass, Inc. (NYSE:OI - Free Report) by 15.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,277,425 shares of the industrial products company's stock after purchasing an additional 171,096 shares during the period. Nuveen Asset Management LLC owned approximately 0.83% of O-I Glass worth $13,847,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Millennium Management LLC boosted its position in shares of O-I Glass by 251.7% during the fourth quarter. Millennium Management LLC now owns 1,458,102 shares of the industrial products company's stock worth $15,806,000 after acquiring an additional 1,043,570 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in O-I Glass by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 88,096 shares of the industrial products company's stock worth $955,000 after acquiring an additional 3,016 shares in the last quarter. Lighthouse Investment Partners LLC grew its holdings in O-I Glass by 3.2% during the 4th quarter. Lighthouse Investment Partners LLC now owns 161,548 shares of the industrial products company's stock worth $1,751,000 after acquiring an additional 5,083 shares in the last quarter. Crestline Management LP bought a new stake in shares of O-I Glass in the 4th quarter valued at about $492,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of O-I Glass in the 4th quarter valued at about $107,000. 97.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OI has been the subject of a number of recent research reports. Citigroup raised 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. Truist Financial reaffirmed a "buy" rating and set a $16.00 target price (up previously from $13.00) on shares of O-I Glass in a research note on Thursday, May 1st. Barclays boosted their price target on shares of O-I Glass from $13.00 to $14.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Wall Street Zen upgraded shares of O-I Glass from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $16.00 price objective on shares of O-I Glass in a report on Monday, March 17th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.88.

O-I Glass Stock Down 0.3%

OI stock traded down $0.04 during midday trading on Friday, reaching $13.13. The company had a trading volume of 1,302,537 shares, compared to its average volume of 1,554,330. O-I Glass, Inc. has a 1 year low of $9.23 and a 1 year high of $14.34. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 3.78. The company has a market capitalization of $2.03 billion, a P/E ratio of -18.49, a PEG ratio of 0.24 and a beta of 0.93. The company has a 50 day moving average of $12.11 and a two-hundred day moving average of $11.67.

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

About O-I Glass

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.