O-I Glass, Inc. (NYSE:OI) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its holdings in O-I Glass, Inc. (NYSE:OI - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 584,261 shares of the industrial products company's stock after selling 24,192 shares during the quarter. Leeward Investments LLC MA owned 0.38% of O-I Glass worth $6,701,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in O-I Glass by 2.3% in the first quarter. Principal Financial Group Inc. now owns 767,260 shares of the industrial products company's stock worth $8,800,000 after acquiring an additional 17,254 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in O-I Glass in the first quarter worth approximately $259,000. Allspring Global Investments Holdings LLC lifted its stake in O-I Glass by 53.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 40,037 shares of the industrial products company's stock worth $466,000 after acquiring an additional 13,983 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in O-I Glass by 44.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,444 shares of the industrial products company's stock worth $189,000 after acquiring an additional 5,053 shares during the last quarter. Finally, SummerHaven Investment Management LLC lifted its stake in O-I Glass by 1.6% in the first quarter. SummerHaven Investment Management LLC now owns 75,226 shares of the industrial products company's stock worth $863,000 after acquiring an additional 1,204 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company's stock.

O-I Glass Stock Performance

Shares of O-I Glass stock traded up $0.08 during trading on Tuesday, reaching $15.80. The company's stock had a trading volume of 1,333,070 shares, compared to its average volume of 1,525,077. The company has a 50-day moving average price of $13.84 and a two-hundred day moving average price of $12.10. The firm has a market cap of $2.44 billion, a PE ratio of -12.54, a P/E/G ratio of 0.32 and a beta of 0.97. O-I Glass, Inc. has a fifty-two week low of $9.23 and a fifty-two week high of $16.04. The company has a current ratio of 1.24, a quick ratio of 0.73 and a debt-to-equity ratio of 3.83.

O-I Glass (NYSE:OI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.22. The business had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.55 billion. O-I Glass had a negative net margin of 2.98% and a positive return on equity of 8.48%. The company's quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. On average, analysts forecast that O-I Glass, Inc. will post 1.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of O-I Glass from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Citigroup raised their price objective on shares of O-I Glass from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Barclays raised their price objective on shares of O-I Glass from $13.00 to $14.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. BNP Paribas set a $18.00 price objective on shares of O-I Glass in a report on Wednesday, June 25th. Finally, BNP Paribas Exane assumed coverage on shares of O-I Glass in a report on Wednesday, June 25th. They set an "outperform" rating and a $18.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, O-I Glass currently has an average rating of "Moderate Buy" and an average price target of $16.50.

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.