O-I Glass, Inc. (NYSE:OI) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in O-I Glass, Inc. (NYSE:OI) by 60.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 16,495 shares of the industrial products company’s stock after selling 25,128 shares during the quarter. SG Americas Securities LLC’s holdings in O-I Glass were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Newbridge Financial Services Group Inc. boosted its holdings in shares of O-I Glass by 1,337.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 2,875 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 2,675 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of O-I Glass in the first quarter valued at approximately $33,000. FinTrust Capital Advisors LLC acquired a new stake in shares of O-I Glass in the first quarter valued at approximately $38,000. Headlands Technologies LLC acquired a new stake in shares of O-I Glass in the first quarter valued at approximately $39,000. Finally, Bessemer Group Inc. boosted its holdings in shares of O-I Glass by 40.2% in the first quarter. Bessemer Group Inc. now owns 4,597 shares of the industrial products company’s stock valued at $76,000 after acquiring an additional 1,318 shares during the period. 97.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director John Humphrey purchased 15,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average price of $11.30 per share, for a total transaction of $169,500.00. Following the completion of the transaction, the director now directly owns 84,227 shares in the company, valued at $951,765.10. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. StockNews.com raised O-I Glass from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Citigroup increased their price target on O-I Glass from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Royal Bank of Canada decreased their price target on O-I Glass from $20.00 to $18.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Bank of America raised O-I Glass from a “neutral” rating to a “buy” rating and increased their price target for the stock from $14.00 to $16.00 in a report on Thursday, October 17th. Finally, Truist Financial reaffirmed a “buy” rating and set a $16.00 price target (down from $17.00) on shares of O-I Glass in a report on Thursday, August 1st. Three research 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.63.

O-I Glass Trading Down 2.9 %

O-I Glass stock opened at $12.16 on Wednesday. O-I Glass, Inc. has a one year low of $10.08 and a one year high of $17.58. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.26 and a quick ratio of 0.75. The business has a fifty day moving average of $12.70 and a two-hundred day moving average of $12.60.

O-I Glass (NYSE:OI) last released its earnings results on Tuesday, July 30th. The industrial products company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. O-I Glass had a positive return on equity of 15.64% and a negative net margin of 4.32%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the company earned $0.88 earnings per share. O-I Glass’s quarterly revenue was down 8.5% compared to the same quarter last year. Research analysts forecast that O-I Glass, Inc. will post 1.11 EPS for the current fiscal 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.