Mirae Asset Global Investments Co. Ltd. Has $1.15 Million Stake in O-I Glass, Inc. (NYSE:OI)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in O-I Glass, Inc. (NYSE:OI) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,946 shares of the industrial products company’s stock after acquiring an additional 2,289 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in O-I Glass were worth $1,146,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of OI. International Assets Investment Management LLC lifted its stake in shares of O-I Glass by 1,538.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,095 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 3,845 shares during the period. Total Clarity Wealth Management Inc. bought a new position in shares of O-I Glass during the 4th quarter valued at about $186,000. Camelot Portfolios LLC acquired a new position in shares of O-I Glass in the 4th quarter valued at approximately $213,000. Assenagon Asset Management S.A. increased its stake in O-I Glass by 132.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,002,867 shares of the industrial products company’s stock worth $32,807,000 after purchasing an additional 1,141,680 shares in the last quarter. Finally, Thompson Investment Management Inc. lifted its stake in O-I Glass by 38.1% in the fourth quarter. Thompson Investment Management Inc. now owns 213,790 shares of the industrial products company’s stock valued at $3,502,000 after buying an additional 58,983 shares in the last quarter. 97.24% of the stock is currently owned by institutional investors.

O-I Glass Trading Up 1.6 %

OI stock opened at $14.81 on Tuesday. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of -19.75, a price-to-earnings-growth ratio of 1.02 and a beta of 1.35. The company has a fifty day moving average price of $16.16 and a two-hundred day moving average price of $15.64. O-I Glass, Inc. has a one year low of $13.56 and a one year high of $23.57. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.23 and a quick ratio of 0.77.

O-I Glass (NYSE:OI) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.03 by $0.09. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. O-I Glass had a negative net margin of 1.45% and a positive return on equity of 24.90%. O-I Glass’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 EPS. Equities analysts anticipate that O-I Glass, Inc. will post 2.33 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. UBS Group began coverage on O-I Glass in a report on Tuesday, January 16th. They issued a “buy” rating and a $26.00 price target on the stock. Citigroup lowered O-I Glass from a “buy” rating to a “neutral” rating and upped their target price for the stock from $17.00 to $18.00 in a report on Wednesday, January 3rd. TheStreet downgraded O-I Glass from a “b-” rating to a “c-” rating in a research note on Tuesday, February 6th. StockNews.com cut O-I Glass from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Finally, Truist Financial reissued a “buy” rating and issued a $20.00 target price on shares of O-I Glass in a research note on Monday, March 25th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $22.67.

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.