Segall Bryant & Hamill LLC Has $36.48 Million Holdings in O-I Glass, Inc. (NYSE:OI)

Segall Bryant & Hamill LLC reduced its holdings in O-I Glass, Inc. (NYSE:OI - Free Report) by 1.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,180,029 shares of the industrial products company's stock after selling 62,721 shares during the period. Segall Bryant & Hamill LLC owned 2.06% of O-I Glass worth $36,475,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of O-I Glass by 79.3% in the first quarter. GAMMA Investing LLC now owns 2,583 shares of the industrial products company's stock valued at $30,000 after buying an additional 1,142 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of O-I Glass by 807.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,881 shares of the industrial products company's stock worth $53,000 after purchasing an additional 4,343 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in O-I Glass in the 4th quarter valued at about $86,000. Point72 Asset Management L.P. bought a new position in O-I Glass during the fourth quarter worth about $89,000. Finally, CWM LLC increased its position in O-I Glass by 623.9% during the first quarter. CWM LLC now owns 8,390 shares of the industrial products company's stock worth $96,000 after buying an additional 7,231 shares during the last quarter. 97.24% of the stock is owned by institutional investors.

O-I Glass Price Performance

OI stock traded up $0.11 during midday trading on Thursday, reaching $14.55. 667,769 shares of the stock were exchanged, compared to its average volume of 1,520,628. 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 stock has a market capitalization of $2.25 billion, a PE ratio of -11.55, a P/E/G ratio of 0.29 and a beta of 0.97. O-I Glass, Inc. has a 52 week low of $9.23 and a 52 week high of $16.04. The company has a fifty day moving average price of $14.09 and a 200 day moving average price of $12.29.

O-I Glass (NYSE:OI - Get Free Report) last posted its 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 firm had revenue of $1.57 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. As a group, analysts expect that O-I Glass, Inc. will post 1.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on OI. Barclays raised their target price on shares of O-I Glass from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Citigroup upped their target price on O-I Glass from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Wall Street Zen raised O-I Glass from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. BNP Paribas set a $18.00 price objective on O-I Glass in a report on Wednesday, June 25th. Finally, BNP Paribas Exane initiated coverage on O-I Glass in a research report on Wednesday, June 25th. They set an "outperform" rating and a $18.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.30.

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.