Leeward Investments LLC MA reduced its position in O-I Glass, Inc. (NYSE:OI - Free Report) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 584,261 shares of the industrial products company's stock after selling 24,192 shares during the period. Leeward Investments LLC MA owned approximately 0.38% of O-I Glass worth $6,701,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Highland Peak Capital LLC lifted its stake in O-I Glass by 87.5% during the 4th quarter. Highland Peak Capital LLC now owns 3,877,259 shares of the industrial products company's stock valued at $42,029,000 after acquiring an additional 1,809,237 shares in the last quarter. Cooper Creek Partners Management LLC lifted its stake in O-I Glass by 18.2% during the 4th quarter. Cooper Creek Partners Management LLC now owns 11,082,262 shares of the industrial products company's stock valued at $120,132,000 after acquiring an additional 1,705,216 shares in the last quarter. Millennium Management LLC lifted its stake in O-I Glass by 251.7% during the 4th quarter. Millennium Management LLC now owns 1,458,102 shares of the industrial products company's stock valued at $15,806,000 after acquiring an additional 1,043,570 shares in the last quarter. Mesirow Institutional Investment Management Inc. bought a new position in O-I Glass during the 4th quarter valued at $10,885,000. Finally, Boothbay Fund Management LLC lifted its stake in O-I Glass by 213.3% during the 4th quarter. Boothbay Fund Management LLC now owns 1,218,593 shares of the industrial products company's stock valued at $13,210,000 after acquiring an additional 829,662 shares in the last quarter. 97.24% of the stock is currently owned by institutional investors.
O-I Glass Stock Performance
OI traded up $0.10 during trading hours on Friday, hitting $15.67. The stock had a trading volume of 711,002 shares, compared to its average volume of 1,526,351. The company's fifty day simple moving average is $13.69 and its 200 day simple moving average is $12.03. O-I Glass, Inc. has a 1 year low of $9.23 and a 1 year high of $15.77. The stock has a market cap of $2.42 billion, a PE ratio of -12.44, a price-to-earnings-growth ratio of 0.32 and a beta of 0.97. The company has a quick ratio of 0.73, a current ratio of 1.24 and a debt-to-equity ratio of 3.83.
O-I Glass (NYSE:OI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.22. O-I Glass had a positive return on equity of 8.48% and a negative net margin of 2.98%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the firm posted $0.45 EPS. The firm's revenue for the quarter was up .4% on a year-over-year basis. Equities analysts anticipate that O-I Glass, Inc. will post 1.33 earnings per share for the current year.
Analyst Upgrades and Downgrades
OI has been the topic of several recent analyst reports. BNP Paribas Exane initiated coverage on O-I Glass in a research note on Wednesday, June 25th. They set an "outperform" rating and a $18.00 price objective on the stock. Wall Street Zen upgraded O-I Glass from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Citigroup lifted their target price on O-I Glass from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday. BNP Paribas set a $18.00 target price on O-I Glass in a research note on Wednesday, June 25th. Finally, Truist Financial reiterated a "buy" rating and set a $16.00 target price (up from $13.00) on shares of O-I Glass in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $16.50.
View Our Latest Analysis on O-I Glass
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.
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