Hsbc Holdings PLC increased its position in shares of O-I Glass, Inc. (NYSE:OI - Free Report) by 323.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 131,761 shares of the industrial products company's stock after purchasing an additional 100,612 shares during the quarter. Hsbc Holdings PLC owned 0.09% of O-I Glass worth $1,422,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. MetLife Investment Management LLC increased its stake in shares of O-I Glass by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 94,006 shares of the industrial products company's stock worth $1,019,000 after purchasing an additional 5,271 shares in the last quarter. Mesirow Institutional Investment Management Inc. acquired a new stake in shares of O-I Glass in the fourth quarter worth $10,885,000. Covalis Capital LLP raised its stake in shares of O-I Glass by 40.8% in the 4th quarter. Covalis Capital LLP now owns 626,894 shares of the industrial products company's stock valued at $6,796,000 after acquiring an additional 181,559 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of O-I Glass by 9.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,449,472 shares of the industrial products company's stock valued at $80,749,000 after acquiring an additional 617,460 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in O-I Glass by 640.0% during the 4th quarter. Marshall Wace LLP now owns 442,608 shares of the industrial products company's stock worth $4,798,000 after purchasing an additional 382,798 shares during the period. Institutional investors and hedge funds own 97.24% of the company's stock.
Analysts Set New Price Targets
OI has been the topic of several research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $16.00 price objective on shares of O-I Glass in a research report on Monday, March 17th. Truist Financial reissued a "buy" rating and set a $16.00 target price (up from $13.00) on shares of O-I Glass in a research report on Thursday, May 1st. Finally, Barclays lifted their target price on O-I Glass from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, O-I Glass presently has a consensus rating of "Moderate Buy" and an average price target of $15.50.
View Our Latest Stock Report on OI
O-I Glass Stock Performance
Shares of NYSE OI traded up $0.06 during trading on Thursday, reaching $12.93. The stock had a trading volume of 408,750 shares, compared to its average volume of 1,565,403. The stock has a market cap of $2.00 billion, a PE ratio of -18.21, a P/E/G ratio of 0.24 and a beta of 0.93. The firm's 50 day moving average price is $11.52 and its two-hundred day moving average price is $11.55. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.70 and a current ratio of 1.15. O-I Glass, Inc. has a one year low of $9.23 and a one year high of $14.15.
O-I Glass (NYSE:OI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.18 by $0.22. O-I Glass had a negative net margin of 1.62% and a positive return on equity of 8.27%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the business posted $0.45 EPS. The company's quarterly revenue was up .4% on a year-over-year basis. On average, research analysts forecast that O-I Glass, Inc. will post 1.33 earnings per share for the current fiscal year.
O-I Glass Profile
(
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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