42,896 Shares in O-I Glass, Inc. (NYSE:OI) Purchased by Intech Investment Management LLC

Intech Investment Management LLC acquired a new position in shares of O-I Glass, Inc. (NYSE:OI) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 42,896 shares of the industrial products company’s stock, valued at approximately $563,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Segall Bryant & Hamill LLC bought a new stake in shares of O-I Glass during the third quarter valued at approximately $32,350,000. Allspring Global Investments Holdings LLC raised its stake in O-I Glass by 33.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 172,565 shares of the industrial products company’s stock valued at $2,264,000 after acquiring an additional 43,724 shares in the last quarter. Private Management Group Inc. raised its stake in O-I Glass by 21.3% during the 2nd quarter. Private Management Group Inc. now owns 2,505,279 shares of the industrial products company’s stock valued at $27,884,000 after acquiring an additional 439,838 shares in the last quarter. Markel Group Inc. boosted its position in O-I Glass by 20.8% during the 3rd quarter. Markel Group Inc. now owns 814,100 shares of the industrial products company’s stock worth $10,681,000 after acquiring an additional 140,000 shares during the period. Finally, Huber Capital Management LLC grew its stake in shares of O-I Glass by 200.5% in the second quarter. Huber Capital Management LLC now owns 193,215 shares of the industrial products company’s stock worth $2,150,000 after purchasing an additional 128,915 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

O-I Glass Stock Down 0.7 %

Shares of OI opened at $12.60 on Monday. O-I Glass, Inc. has a 12 month low of $10.08 and a 12 month high of $17.58. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of -4.57 and a beta of 1.20. The company has a 50-day moving average price of $12.69 and a two-hundred day moving average price of $12.20. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 3.18.

O-I Glass (NYSE:OI) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.08). The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.76 billion. O-I Glass had a positive return on equity of 9.16% and a negative net margin of 6.34%. O-I Glass’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 earnings per share. Equities analysts predict that O-I Glass, Inc. will post 0.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on OI. Citigroup increased their price objective on shares of O-I Glass from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Royal Bank of Canada lowered their price target on O-I Glass from $18.00 to $16.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Bank of America upgraded O-I Glass from a “neutral” rating to a “buy” rating and upped their price objective for the company from $14.00 to $16.00 in a report on Thursday, October 17th. StockNews.com raised O-I Glass from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Barclays reduced their price objective on shares of O-I Glass from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, O-I Glass presently has an average rating of “Moderate Buy” and an average price target of $16.25.

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.