Stifel Financial Corp Has $2.32 Million Stake in O-I Glass, Inc. (NYSE:OI)

Stifel Financial Corp reduced its position in O-I Glass, Inc. (NYSE:OI - Free Report) by 14.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,719 shares of the industrial products company's stock after selling 37,005 shares during the period. Stifel Financial Corp owned about 0.14% of O-I Glass worth $2,317,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in OI. Cooper Creek Partners Management LLC lifted its holdings in shares of 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 acquiring an additional 1,705,216 shares during the period. FMR LLC lifted 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 acquiring an additional 647,237 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 buying an additional 617,460 shares during the last quarter. Highland Peak Capital LLC grew its holdings in O-I Glass by 87.5% during 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 acquiring an additional 1,809,237 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its holdings in O-I Glass by 31.5% in the fourth quarter. Segall Bryant & Hamill LLC now owns 3,242,750 shares of the industrial products company's stock valued at $35,151,000 after buying an additional 777,036 shares during the last quarter. Institutional investors and hedge funds own 97.24% of the company's stock.

O-I Glass Price Performance

OI stock traded down $0.29 on Wednesday, hitting $12.86. 1,209,084 shares of the company's stock traded hands, compared to its average volume of 1,569,947. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 3.78. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of -18.11, a P/E/G ratio of 0.24 and a beta of 0.93. O-I Glass, Inc. has a 1-year low of $9.23 and a 1-year high of $14.15. The stock has a fifty day moving average of $11.52 and a 200-day moving average of $11.55.

O-I Glass (NYSE:OI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.22. The company had revenue of $1.57 billion for 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%. O-I Glass's revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 earnings per share. On average, analysts forecast that O-I Glass, Inc. will post 1.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OI. Truist Financial reaffirmed a "buy" rating and set a $16.00 target price (up from $13.00) on shares of O-I Glass in a report on Thursday, May 1st. Royal Bank of Canada restated an "outperform" rating and issued a $16.00 target price on shares of O-I Glass in a research report on Monday, March 17th. Finally, Barclays lifted their target price on O-I Glass from $13.00 to $14.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $15.50.

About O-I Glass

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.