O-I Glass, Inc. (NYSE:OI) Stock Position Raised by Boothbay Fund Management LLC

Boothbay Fund Management LLC grew its holdings in O-I Glass, Inc. (NYSE:OI - Free Report) by 213.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,218,593 shares of the industrial products company's stock after acquiring an additional 829,662 shares during the period. Boothbay Fund Management LLC owned about 0.79% of O-I Glass worth $13,210,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in OI. Cooper Creek Partners Management LLC increased its stake in O-I Glass by 18.2% during the 4th quarter. Cooper Creek Partners Management LLC now owns 11,082,262 shares of the industrial products company's stock worth $120,132,000 after buying an additional 1,705,216 shares during the period. FMR LLC increased its stake in O-I Glass by 6.9% during the 4th quarter. FMR LLC now owns 10,054,398 shares of the industrial products company's stock worth $108,990,000 after buying an additional 647,237 shares during the period. Dimensional Fund Advisors LP increased its stake in 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 worth $80,749,000 after buying an additional 617,460 shares during the period. Highland Peak Capital LLC increased its position in shares of O-I Glass by 87.5% in the 4th quarter. Highland Peak Capital LLC now owns 3,877,259 shares of the industrial products company's stock worth $42,029,000 after purchasing an additional 1,809,237 shares during the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in shares of O-I Glass by 31.5% in the 4th quarter. Segall Bryant & Hamill LLC now owns 3,242,750 shares of the industrial products company's stock worth $35,151,000 after purchasing an additional 777,036 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company's stock.

Wall Street Analyst Weigh In

OI has been the subject of several research analyst reports. Wells Fargo & Company dropped their target price on shares of O-I Glass from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Royal Bank of Canada reissued an "outperform" rating and issued a $16.00 target price on shares of O-I Glass in a research report on Monday, March 17th. Citigroup dropped their target price on shares of O-I Glass from $12.00 to $11.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Truist Financial reissued a "buy" rating and issued a $16.00 target price (up previously from $13.00) on shares of O-I Glass in a research report on Thursday. Finally, Bank of America lifted their price target on shares of O-I Glass from $14.00 to $15.00 and gave the company a "buy" rating in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $15.38.

O-I Glass Price Performance

NYSE OI traded up $0.18 on Thursday, reaching $12.84. 538,500 shares of the stock traded hands, compared to its average volume of 1,502,849. The firm's fifty day simple moving average is $11.35 and its 200 day simple moving average is $11.54. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 3.78. The company has a market cap of $1.99 billion, a price-to-earnings ratio of -18.08, a P/E/G ratio of 0.24 and a beta of 0.98. O-I Glass, Inc. has a 12 month low of $9.23 and a 12 month high of $14.15.

O-I Glass (NYSE:OI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.22. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.55 billion. O-I Glass had a positive return on equity of 8.27% and a negative net margin of 1.62%. The firm's quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. As a group, research analysts predict that O-I Glass, Inc. will post 1.33 EPS for the current fiscal year.

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.