Investors Buy Large Volume of O-I Glass Call Options (NYSE:OI)

Key Points

• Investors bought 2,354 call options on O‑I Glass—about a 3,039% increase versus the typical volume of 75 contracts, signaling unusually heavy bullish/options interest.
• O‑I Glass reported quarterly EPS of $0.20, beating estimates by $0.01, but revenue was down 1.9% year-over-year and the company has a negative net margin (-2.01%) and high leverage (debt-to-equity 3.35).
• Analyst sentiment is mixed: MarketBeat shows a consensus "Hold" with a $16.11 target, while several firms (including Zacks and Wells Fargo) have cut ratings or trimmed price targets, raising near-term downside risk.

O-I Glass, Inc. (NYSE:OI - Get Free Report) saw unusually large options trading activity on Wednesday. Investors bought 2,354 call options on the stock. This is an increase of approximately 3,039% compared to the typical volume of 75 call options.

Hedge Funds Weigh In On O-I Glass

Hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its stake in O-I Glass by 87.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 830 shares during the last quarter. Headlands Technologies LLC acquired a new position in O-I Glass during the 2nd quarter valued at about $29,000. Quarry LP acquired a new position in O-I Glass during the 4th quarter valued at about $32,000. Caitong International Asset Management Co. Ltd boosted its stake in O-I Glass by 36,533.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,198 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 2,192 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in O-I Glass by 64.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 918 shares during the last quarter. Institutional investors and hedge funds own 97.24% of the company's stock.

O-I Glass Stock Performance

NYSE OI opened at $10.59 on Thursday. The company has a fifty day simple moving average of $12.29 and a 200 day simple moving average of $13.30. O-I Glass has a 12-month low of $9.84 and a 12-month high of $16.91. The company has a current ratio of 1.25, a quick ratio of 0.77 and a debt-to-equity ratio of 3.35. The company has a market cap of $1.62 billion, a P/E ratio of -12.60, a PEG ratio of 0.91 and a beta of 0.84.

O-I Glass (NYSE:OI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. O-I Glass had a negative net margin of 2.01% and a positive return on equity of 18.07%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the firm posted ($0.05) EPS. O-I Glass's revenue was down 1.9% compared to the same quarter last year. Sell-side analysts predict that O-I Glass will post 1.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

OI has been the subject of several recent analyst reports. Royal Bank Of Canada reduced their price objective on shares of O-I Glass from $19.00 to $18.00 and set an "outperform" rating for the company in a research report on Thursday, February 26th. Weiss Ratings restated a "sell (d-)" rating on shares of O-I Glass in a research note on Thursday, January 22nd. Robert W. Baird set a $20.00 target price on O-I Glass in a research note on Thursday, February 12th. Zacks Research downgraded O-I Glass from a "hold" rating to a "strong sell" rating in a research note on Tuesday, March 3rd. Finally, Wells Fargo & Company downgraded O-I Glass from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $18.00 to $13.00 in a research note on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $16.11.

Key Stories Impacting O-I Glass

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

• Positive Sentiment: Truist cut its price target on O-I from $20 to $15 but kept a Buy rating — the firm still sees meaningful upside from current levels, which can support share demand from value/turnaround investors. Truist lowers PT to $15, maintains Buy (Benzinga)
• Neutral Sentiment: Analysts’ consensus across data services remains mixed-to-cautious (consensus “Hold” noted), implying no broad upgrade cycle to drive a sustained rally. Analysts give OI a consensus "Hold"
• Neutral Sentiment: A recent piece examines how energy costs and related pressures are shaping O‑I’s longer‑term strategy — strategic changes may help margins down the road but are not an immediate catalyst. Is O-I Glass using energy pressures to redraw strategy? (Yahoo Finance)
• Negative Sentiment: Zacks Research slashed multiple near‑term and FY estimates for O‑I (Q1/Q2 2026–2028 and FY2026–FY2027), trimmed full‑year forecasts and continues to carry a “Strong Sell” rating — these cuts increase downside risk by lowering forward earnings expectations. Zacks lowers multiple EPS estimates, maintains Strong Sell (MarketBeat)
• Negative Sentiment: Citigroup issued a pessimistic short‑term forecast for O‑I’s stock price, adding to selling pressure from institutional sentiment shifts. Citigroup issues pessimistic forecast (American Banking News)

O-I Glass Company Profile

O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.

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