Mitsubishi UFJ Trust & Banking Corp Sells 22,152 Shares of O-I Glass, Inc. (NYSE:OI)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of O-I Glass, Inc. (NYSE:OIGet Rating) by 56.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,829 shares of the industrial products company’s stock after selling 22,152 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in O-I Glass were worth $236,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Victory Capital Management Inc. increased its holdings in O-I Glass by 4,760.5% in the second quarter. Victory Capital Management Inc. now owns 2,624,316 shares of the industrial products company’s stock worth $36,740,000 after purchasing an additional 2,570,323 shares in the last quarter. Leeward Investments LLC MA purchased a new stake in O-I Glass in the 1st quarter worth approximately $15,921,000. Vanguard Group Inc. grew its position in O-I Glass by 2.0% in the first quarter. Vanguard Group Inc. now owns 19,347,616 shares of the industrial products company’s stock worth $255,003,000 after acquiring an additional 376,759 shares in the last quarter. Renaissance Technologies LLC increased its holdings in O-I Glass by 58.1% during the 1st quarter. Renaissance Technologies LLC now owns 950,900 shares of the industrial products company’s stock valued at $12,533,000 after purchasing an additional 349,451 shares during the period. Finally, Monarch Partners Asset Management LLC bought a new position in O-I Glass in the second quarter worth about $3,686,000. Institutional investors own 93.44% of the company’s stock.

O-I Glass Price Performance

OI opened at $16.73 on Thursday. The firm has a market capitalization of $2.60 billion, a PE ratio of 4.33, a price-to-earnings-growth ratio of 2.46 and a beta of 1.42. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 0.78. The business’s 50-day moving average is $15.18 and its two-hundred day moving average is $14.60. O-I Glass, Inc. has a 1 year low of $10.64 and a 1 year high of $17.94.

Analyst Ratings Changes

Several brokerages have recently issued reports on OI. StockNews.com downgraded shares of O-I Glass from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 5th. Bank of America dropped their price target on O-I Glass from $18.00 to $17.00 in a research note on Thursday, October 13th. Citigroup lifted their price target on shares of O-I Glass from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 11th. Royal Bank of Canada upped their price objective on O-I Glass from $15.00 to $16.00 and gave the company a “sector perform” rating in a research report on Thursday, November 3rd. Finally, Barclays raised their price objective on O-I Glass from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Monday, November 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $15.86.

About O-I Glass

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O-I Glass, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in the Americas, Europe, and the Asia Pacific. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals.

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Institutional Ownership by Quarter for O-I Glass (NYSE:OI)

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