Susquehanna Fundamental Investments LLC Buys New Position in O-I Glass, Inc. (NYSE:OI)

Susquehanna Fundamental Investments LLC bought a new position in shares of O-I Glass, Inc. (NYSE:OI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 214,350 shares of the industrial products company's stock, valued at approximately $2,324,000. Susquehanna Fundamental Investments LLC owned approximately 0.14% of O-I Glass as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Hsbc Holdings PLC raised its holdings in shares of O-I Glass by 323.0% during the 4th quarter. Hsbc Holdings PLC now owns 131,761 shares of the industrial products company's stock worth $1,422,000 after buying an additional 100,612 shares in the last quarter. MetLife Investment Management LLC increased its position in O-I Glass by 5.9% in the 4th quarter. MetLife Investment Management LLC now owns 94,006 shares of the industrial products company's stock valued at $1,019,000 after acquiring an additional 5,271 shares during the period. Mesirow Institutional Investment Management Inc. bought a new position in O-I Glass during the 4th quarter worth $10,885,000. Covalis Capital LLP lifted its stake in shares of O-I Glass by 40.8% in the fourth quarter. Covalis Capital LLP now owns 626,894 shares of the industrial products company's stock worth $6,796,000 after acquiring an additional 181,559 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of O-I Glass by 9.0% in 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 purchasing an additional 617,460 shares during the last quarter. 97.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OI. Bank of America lifted their target price on O-I Glass from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Royal Bank of Canada restated an "outperform" rating and issued a $16.00 target price on shares of O-I Glass in a report on Monday, March 17th. Barclays boosted their price objective on O-I Glass from $13.00 to $14.00 and gave the company an "equal weight" rating in a research note on Friday. Citigroup cut their price target on shares of O-I Glass from $12.00 to $11.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Finally, Truist Financial reissued a "buy" rating and set a $16.00 price objective (up previously from $13.00) on shares of O-I Glass in a report on Thursday. Three 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 presently has an average rating of "Moderate Buy" and a consensus price target of $15.50.

O-I Glass Trading Up 1.1 %

Shares of NYSE OI traded up $0.14 during midday trading on Monday, reaching $13.36. The company had a trading volume of 253,414 shares, compared to its average volume of 1,502,240. The stock has a market cap of $2.07 billion, a PE ratio of -18.82, a price-to-earnings-growth ratio of 0.24 and a beta of 0.93. O-I Glass, Inc. has a one year low of $9.23 and a one year high of $14.15. The firm's fifty day moving average price is $11.42 and its 200-day moving average price is $11.53. 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 announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.40 earnings per share 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 analysts' expectations of $1.55 billion. During the same quarter in the prior year, the company posted $0.45 EPS. The firm's revenue for the quarter was up .4% compared to the same quarter last year. On average, equities research analysts anticipate that O-I Glass, Inc. will post 1.33 earnings per share for the current year.

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.