O-I Glass, Inc. (NYSE:OI) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of O-I Glass, Inc. (NYSE:OI) by 193.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,798 shares of the industrial products company’s stock after purchasing an additional 57,867 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in O-I Glass were worth $1,438,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Covestor Ltd boosted its position in shares of O-I Glass by 259.7% in the third quarter. Covestor Ltd now owns 1,669 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 1,205 shares during the last quarter. Diversified Trust Co boosted its position in shares of O-I Glass by 4.9% in the fourth quarter. Diversified Trust Co now owns 39,752 shares of the industrial products company’s stock worth $651,000 after acquiring an additional 1,846 shares during the last quarter. National Bank of Canada FI boosted its position in shares of O-I Glass by 23.8% in the third quarter. National Bank of Canada FI now owns 10,405 shares of the industrial products company’s stock worth $171,000 after acquiring an additional 2,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of O-I Glass by 3.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,946 shares of the industrial products company’s stock worth $1,146,000 after acquiring an additional 2,289 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of O-I Glass by 29.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 10,289 shares of the industrial products company’s stock worth $172,000 after acquiring an additional 2,365 shares during the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.

O-I Glass Trading Down 0.3 %

OI opened at $14.85 on Friday. The firm has a market capitalization of $2.31 billion, a P/E ratio of -19.80, a P/E/G ratio of 1.04 and a beta of 1.35. The firm’s 50 day moving average is $16.06 and its 200-day moving average is $15.62. O-I Glass, Inc. has a 52-week low of $13.56 and a 52-week high of $23.57. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 2.69.

O-I Glass (NYSE:OI) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. O-I Glass had a negative net margin of 1.45% and a positive return on equity of 24.90%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 earnings per share. Analysts expect that O-I Glass, Inc. will post 2.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on OI. Truist Financial reissued a “buy” rating and issued a $20.00 target price on shares of O-I Glass in a research report on Monday, March 25th. UBS Group initiated coverage on shares of O-I Glass in a report on Tuesday, January 16th. They issued a “buy” rating and a $26.00 price target on the stock. StockNews.com lowered shares of O-I Glass from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Bank of America restated a “neutral” rating and issued a $16.00 price target (down previously from $21.00) on shares of O-I Glass in a report on Friday, April 19th. Finally, Barclays raised their price target on shares of O-I Glass from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Tuesday, February 13th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, O-I Glass has an average rating of “Hold” and an average target price of $22.67.

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.