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

SG Americas Securities LLC lifted its position in shares of O-I Glass, Inc. (NYSE:OIFree Report) by 10.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 94,055 shares of the industrial products company’s stock after buying an additional 8,870 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of O-I Glass worth $1,541,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its stake in O-I Glass by 0.7% in the 2nd quarter. BlackRock Inc. now owns 24,032,359 shares of the industrial products company’s stock valued at $512,610,000 after purchasing an additional 168,807 shares during the last quarter. Vanguard Group Inc. raised its stake in O-I Glass by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 19,597,610 shares of the industrial products company’s stock valued at $253,789,000 after purchasing an additional 291,640 shares during the last quarter. State Street Corp raised its stake in O-I Glass by 0.9% in the 3rd quarter. State Street Corp now owns 5,841,163 shares of the industrial products company’s stock valued at $75,643,000 after purchasing an additional 54,511 shares during the last quarter. Morgan Stanley raised its stake in O-I Glass by 34.1% in the 3rd quarter. Morgan Stanley now owns 3,005,557 shares of the industrial products company’s stock valued at $50,283,000 after purchasing an additional 764,896 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in O-I Glass by 4.3% in the 2nd quarter. Geode Capital Management LLC now owns 2,989,346 shares of the industrial products company’s stock valued at $63,763,000 after purchasing an additional 123,142 shares during the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on OI shares. Barclays boosted their target price on shares of O-I Glass from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 13th. StockNews.com downgraded shares of O-I Glass from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. TheStreet downgraded shares of O-I Glass from a “b-” rating to a “c-” rating in a research note on Tuesday, February 6th. Citigroup downgraded shares of O-I Glass from a “buy” rating to a “neutral” rating and upped their price objective for the company from $17.00 to $18.00 in a research note on Wednesday, January 3rd. Finally, Truist Financial reaffirmed a “buy” rating and set a $20.00 price objective on shares of O-I Glass in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Read Our Latest Stock Report on OI

O-I Glass Stock Up 2.5 %

Shares of NYSE:OI opened at $16.59 on Friday. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.77 and a current ratio of 1.23. O-I Glass, Inc. has a 1 year low of $13.56 and a 1 year high of $23.57. The stock has a market capitalization of $2.55 billion, a P/E ratio of -22.12, a PEG ratio of 1.07 and a beta of 1.35. The stock has a 50-day simple moving average of $15.92 and a 200-day simple moving average of $15.84.

O-I Glass (NYSE:OIGet Free Report) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. O-I Glass had a positive return on equity of 24.90% and a negative net margin of 1.45%. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the business earned $0.38 EPS. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. Equities analysts forecast that O-I Glass, Inc. will post 2.38 earnings per share for the current year.

O-I Glass Company Profile

(Free Report)

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.

See Also

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

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