XTX Topco Ltd Takes $554,000 Position in O-I Glass, Inc. (NYSE:OI)

XTX Topco Ltd purchased a new position in shares of O-I Glass, Inc. (NYSE:OI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 48,330 shares of the industrial products company's stock, valued at approximately $554,000.

A number of other hedge funds have also made changes to their positions in the stock. Private Management Group Inc. boosted its holdings in shares of O-I Glass by 1.1% during the first quarter. Private Management Group Inc. now owns 2,868,100 shares of the industrial products company's stock valued at $32,897,000 after acquiring an additional 29,827 shares during the period. Cetera Investment Advisers purchased a new position in O-I Glass during the 1st quarter valued at about $211,000. Advisors Preferred LLC purchased a new position in O-I Glass during the 1st quarter valued at about $2,775,000. Allianz Asset Management GmbH raised its stake in shares of O-I Glass by 16.0% in the first quarter. Allianz Asset Management GmbH now owns 132,222 shares of the industrial products company's stock valued at $1,517,000 after purchasing an additional 18,268 shares in the last quarter. Finally, Markel Group Inc. raised its stake in shares of O-I Glass by 6.1% in the first quarter. Markel Group Inc. now owns 874,100 shares of the industrial products company's stock valued at $10,026,000 after purchasing an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company's stock.

O-I Glass Price Performance

NYSE OI traded up $0.06 during midday trading on Friday, hitting $13.42. The company had a trading volume of 1,251,910 shares, compared to its average volume of 1,929,549. The company has a market capitalization of $2.07 billion, a PE ratio of -8.13, a P/E/G ratio of 0.26 and a beta of 0.92. The company has a current ratio of 1.24, a quick ratio of 0.77 and a debt-to-equity ratio of 3.58. The firm has a 50-day moving average price of $14.24 and a 200-day moving average price of $12.69. O-I Glass, Inc. has a twelve month low of $9.23 and a twelve month high of $16.04.

O-I Glass (NYSE:OI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The industrial products company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.41 by $0.12. O-I Glass had a positive return on equity of 13.70% and a negative net margin of 3.95%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the company earned $0.44 EPS. The firm's revenue for the quarter was down 1.3% compared to the same quarter last year. As a group, analysts anticipate that O-I Glass, Inc. will post 1.33 earnings per share for the current fiscal year.

Insider Activity

In other O-I Glass news, CEO Gordon Hardie purchased 8,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was bought at an average cost of $13.10 per share, with a total value of $104,800.00. Following the completion of the transaction, the chief executive officer owned 515,817 shares of the company's stock, valued at $6,757,202.70. The trade was a 1.58% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Darrow A. Abrahams purchased 3,828 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were purchased at an average cost of $13.05 per share, for a total transaction of $49,955.40. Following the transaction, the senior vice president directly owned 184,447 shares in the company, valued at approximately $2,407,033.35. The trade was a 2.12% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.93% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on OI shares. Wall Street Zen upgraded O-I Glass from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Bank of America reiterated a "neutral" rating and set a $17.00 price objective (up from $15.00) on shares of O-I Glass in a report on Wednesday, July 9th. Barclays increased their price objective on 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 Exane assumed coverage on O-I Glass in a research note on Wednesday, June 25th. They set an "outperform" rating and a $18.00 target price for the company. Finally, Citigroup lifted their price target on O-I Glass from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.

O-I Glass 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.