SG Americas Securities LLC Has $525,000 Stock Position in O-I Glass, Inc. (NYSE:OI)

SG Americas Securities LLC raised its position in shares of O-I Glass, Inc. (NYSE:OI - Free Report) by 117.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,766 shares of the industrial products company's stock after purchasing an additional 24,743 shares during the quarter. SG Americas Securities LLC's holdings in O-I Glass were worth $525,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of O-I Glass by 79.3% in the 1st quarter. GAMMA Investing LLC now owns 2,583 shares of the industrial products company's stock worth $30,000 after purchasing an additional 1,142 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in O-I Glass by 807.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,881 shares of the industrial products company's stock worth $53,000 after buying an additional 4,343 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in O-I Glass during the fourth quarter worth approximately $86,000. Point72 Asset Management L.P. acquired a new position in O-I Glass in the fourth quarter worth approximately $89,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of O-I Glass in the fourth quarter valued at $106,000. 97.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Truist Financial reissued a "buy" rating and set a $16.00 price objective (up from $13.00) on shares of O-I Glass in a research note on Thursday, May 1st. BNP Paribas Exane began coverage on O-I Glass in a report on Wednesday. They set an "outperform" rating and a $18.00 target price for the company. Wall Street Zen lowered O-I Glass from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Royal Bank Of Canada reissued an "outperform" rating and issued a $16.00 price target on shares of O-I Glass in a research note on Monday, March 17th. Finally, BNP Paribas set a $18.00 price objective on shares of O-I Glass in a research note on Wednesday. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, O-I Glass has a consensus rating of "Moderate Buy" and an average price target of $16.30.

O-I Glass Stock Up 2.1%

NYSE:OI traded up $0.32 during trading hours on Thursday, reaching $15.51. The company's stock had a trading volume of 2,260,928 shares, compared to its average volume of 1,546,379. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.24 and a quick ratio of 0.73. The company has a market cap of $2.40 billion, a price-to-earnings ratio of -12.31, a price-to-earnings-growth ratio of 0.31 and a beta of 0.96. O-I Glass, Inc. has a one year low of $9.23 and a one year high of $15.63. The business's 50-day moving average is $13.21 and its 200-day moving average is $11.85.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.22. The company had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.55 billion. O-I Glass had a positive return on equity of 8.48% and a negative net margin of 2.98%. The business's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. Equities research analysts predict that O-I Glass, Inc. will post 1.33 EPS 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.