Jump Financial LLC Purchases 55,941 Shares of O-I Glass, Inc. (NYSE:OI)

Jump Financial LLC boosted its position in O-I Glass, Inc. (NYSE:OI - Free Report) by 182.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,650 shares of the industrial products company's stock after buying an additional 55,941 shares during the period. Jump Financial LLC owned approximately 0.06% of O-I Glass worth $939,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Cooper Creek Partners Management LLC increased its position in shares of O-I Glass by 18.2% during the fourth quarter. Cooper Creek Partners Management LLC now owns 11,082,262 shares of the industrial products company's stock worth $120,132,000 after acquiring an additional 1,705,216 shares in the last quarter. FMR LLC raised its stake in shares of O-I Glass by 6.9% in the fourth quarter. FMR LLC now owns 10,054,398 shares of the industrial products company's stock worth $108,990,000 after purchasing an additional 647,237 shares during the last quarter. Highland Peak Capital LLC lifted its holdings in shares of O-I Glass by 87.5% in the fourth quarter. Highland Peak Capital LLC now owns 3,877,259 shares of the industrial products company's stock valued at $42,029,000 after purchasing an additional 1,809,237 shares in the last quarter. Geode Capital Management LLC grew its holdings in O-I Glass by 1.1% during the third quarter. Geode Capital Management LLC now owns 3,568,443 shares of the industrial products company's stock worth $46,827,000 after buying an additional 37,238 shares in the last quarter. Finally, Segall Bryant & Hamill LLC lifted its stake in O-I Glass by 31.5% during the 4th quarter. Segall Bryant & Hamill LLC now owns 3,242,750 shares of the industrial products company's stock valued at $35,151,000 after acquiring an additional 777,036 shares in the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on OI shares. Wells Fargo & Company cut their price target on shares of O-I Glass from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Citigroup cut their target price on O-I Glass from $12.00 to $11.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Bank of America increased their price target on O-I Glass from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Truist Financial cut their price objective on O-I Glass from $15.00 to $13.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $16.00 target price on shares of O-I Glass in a research report on Monday, March 17th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $15.00.

O-I Glass Stock Performance

Shares of OI stock remained flat at $11.93 on Friday. The stock had a trading volume of 1,412,030 shares, compared to its average volume of 1,610,872. The firm has a 50 day moving average price of $11.30 and a 200 day moving average price of $11.54. O-I Glass, Inc. has a 12 month low of $9.23 and a 12 month high of $15.72. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of -16.80, a PEG ratio of 0.24 and a beta of 0.98. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 3.78.

O-I Glass (NYSE:OI - Get Free Report) last issued its earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.02. O-I Glass had a negative net margin of 1.62% and a positive return on equity of 8.27%. On average, sell-side analysts expect that O-I Glass, Inc. will post 1.33 earnings per share for the current year.

O-I Glass Company 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.