DCF Advisers LLC Acquires 5,000 Shares of O-I Glass, Inc. (NYSE:OI)

DCF Advisers LLC lifted its holdings in shares of O-I Glass, Inc. (NYSE:OI) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,750 shares of the industrial products company’s stock after purchasing an additional 5,000 shares during the period. DCF Advisers LLC’s holdings in O-I Glass were worth $1,010,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OI. Fidelis Capital Partners LLC purchased a new position in O-I Glass in the first quarter valued at approximately $33,000. TFO Wealth Partners LLC raised its stake in shares of O-I Glass by 24,311.1% in the fourth quarter. TFO Wealth Partners LLC now owns 2,197 shares of the industrial products company’s stock valued at $36,000 after buying an additional 2,188 shares during the period. FinTrust Capital Advisors LLC purchased a new position in shares of O-I Glass during the 1st quarter valued at $38,000. Headlands Technologies LLC bought a new position in shares of O-I Glass during the 1st quarter worth $39,000. Finally, Bessemer Group Inc. increased its holdings in O-I Glass by 40.2% in the 1st quarter. Bessemer Group Inc. now owns 4,597 shares of the industrial products company’s stock worth $76,000 after acquiring an additional 1,318 shares during the last quarter. 97.24% of the stock is owned by hedge funds and other institutional investors.

O-I Glass Stock Performance

NYSE OI opened at $13.42 on Friday. The company’s 50 day simple moving average is $12.08 and its two-hundred day simple moving average is $13.15. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.26 and a quick ratio of 0.75. O-I Glass, Inc. has a 1 year low of $10.08 and a 1 year high of $18.50. The stock has a market capitalization of $2.09 billion, a PE ratio of -8.44, a P/E/G ratio of 1.72 and a beta of 1.17.

O-I Glass (NYSE:OI) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the business posted $0.88 earnings per share. The firm’s revenue was down 8.5% compared to the same quarter last year. Analysts predict that O-I Glass, Inc. will post 1.13 earnings per share for the current fiscal year.

Insider Activity

In related news, Director John Humphrey purchased 15,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was acquired at an average price of $11.30 per share, with a total value of $169,500.00. Following the purchase, the director now directly owns 84,227 shares in the company, valued at $951,765.10. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.49% of the company’s stock.

Wall Street Analysts Forecast Growth

OI has been the topic of several recent research reports. UBS Group dropped their price objective on shares of O-I Glass from $26.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Robert W. Baird dropped their price target on shares of O-I Glass from $22.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Wells Fargo & Company cut their price objective on shares of O-I Glass from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th. Citigroup lowered their target price on shares of O-I Glass from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, July 8th. Finally, Truist Financial restated a “buy” rating and set a $16.00 target price (down previously from $17.00) on shares of O-I Glass in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.25.

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.