O-I Glass, Inc. $OI Stock: Private Management Group Inc. Raises Holdings

Key Points

• Private Management Group increased its O-I Glass stake 33.8% in the third quarter, adding about 1.04 million shares to hold 4.13 million shares, or roughly 2.68% of the company.
• O-I Glass reported a quarterly loss of $0.09 per share, missing the $0.16 analyst consensus; revenue of $1.62 billion also fell short of estimates and declined 1.8% year over year.
• The company faces a securities-fraud lawsuit alleging it misled investors about business conditions and European energy costs; the allegations have not been proven. Analysts’ consensus rating is “Hold,” with an average price target of $8.81.

Private Management Group Inc. raised its position in shares of O-I Glass, Inc. (NYSE:OI - Free Report) by 33.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,125,555 shares of the industrial products company's stock after acquiring an additional 1,041,862 shares during the period. Private Management Group Inc. owned approximately 2.68% of O-I Glass worth $23,309,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of O-I Glass during the second quarter worth approximately $225,727,000. Dimensional Fund Advisors LP boosted its stake in O-I Glass by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,238,635 shares of the industrial products company's stock valued at $97,094,000 after purchasing an additional 729,191 shares during the period. Cooper Creek Partners Management LLC grew its holdings in O-I Glass by 73.8% in the 1st quarter. Cooper Creek Partners Management LLC now owns 7,006,293 shares of the industrial products company's stock valued at $73,636,000 after buying an additional 2,975,181 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in O-I Glass by 32.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,246,337 shares of the industrial products company's stock valued at $44,629,000 after buying an additional 1,030,705 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in O-I Glass by 15.6% in the 1st quarter. Bank of America Corp DE now owns 3,563,497 shares of the industrial products company's stock valued at $37,452,000 after buying an additional 479,608 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company's stock.

Key Headlines Impacting O-I Glass

Here are the key news stories impacting O-I Glass this week:

• Neutral Sentiment: Investors who bought O-I Glass securities between March 14, 2025, and July 28, 2026, may seek appointment as lead plaintiff by December 28, 2026. Article: Deadline Alert
• Negative Sentiment: The lawsuit alleges O-I Glass misled investors about business conditions and European energy costs. One notice says the complaint focuses on management describing a $150 million 2026 energy reset as “one and done,” while European pressures allegedly continued. The claims have not been established in court; the litigation headlines may weigh on investor sentiment. Article: OI Shareholder Alert

O-I Glass Price Performance

Shares of NYSE:OI opened at $5.24 on Tuesday. The firm has a 50 day moving average of $6.03 and a 200-day moving average of $9.23. The stock has a market capitalization of $805.88 million, a PE ratio of 21.92, a PEG ratio of 13.09 and a beta of 0.75. The company has a current ratio of 1.28, a quick ratio of 0.80 and a debt-to-equity ratio of 8.84. O-I Glass, Inc. has a 12 month low of $4.84 and a 12 month high of $16.91.

O-I Glass (NYSE:OI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The industrial products company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.25). The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.64 billion. O-I Glass had a positive return on equity of 3.74% and a negative net margin of 18.89%. The business's revenue was down 1.8% on a year-over-year basis. During the same period last year, the company posted $0.48 EPS. On average, equities research analysts predict that O-I Glass, Inc. will post 0.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OI. Wells Fargo & Company dropped their target price on O-I Glass from $12.00 to $10.00 and set an "overweight" rating for the company in a report on Monday, October 19th. BNP Paribas Exane lowered shares of O-I Glass from an "outperform" rating to a "neutral" rating and set a $8.50 price target on the stock. in a research report on Thursday, July 30th. Weiss Ratings cut shares of O-I Glass from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Wednesday, October 21st. Royal Bank Of Canada cut their price objective on shares of O-I Glass from $8.00 to $7.00 and set a "sector perform" rating for the company in a report on Tuesday, October 13th. Finally, Zacks Research raised shares of O-I Glass from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, O-I Glass presently has a consensus rating of "Hold" and an average price target of $8.81.

About O-I Glass

O-I Glass, Inc is a global manufacturer of glass packaging products. The company produces glass bottles and jars primarily for the food, beverage, beer, wine, spirits, and pharmaceutical industries, serving brand owners and consumer-products companies.

Its products are designed to provide packaging, preservation, and presentation for a range of consumer goods. O-I also offers glass packaging in various shapes, sizes, and colors, including custom solutions developed for individual brands.

The company traces its history to the Owens Bottle Company, founded in 1903, and the Illinois Glass Company.

Want to see what other hedge funds are holding OI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O-I Glass, Inc. (NYSE:OI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.