BNP Paribas Financial Markets Takes $1.20 Million Position in O-I Glass, Inc. (NYSE:OI)

BNP Paribas Financial Markets bought a new stake in O-I Glass, Inc. (NYSE:OI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 110,566 shares of the industrial products company’s stock, valued at approximately $1,199,000. BNP Paribas Financial Markets owned 0.07% of O-I Glass at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cooper Creek Partners Management LLC grew its stake in O-I Glass by 18.2% during the 4th quarter. Cooper Creek Partners Management LLC now owns 11,082,262 shares of the industrial products company’s stock worth $120,132,000 after purchasing an additional 1,705,216 shares in the last quarter. FMR LLC lifted its holdings in O-I Glass by 6.9% during the 4th quarter. FMR LLC now owns 10,054,398 shares of the industrial products company’s stock worth $108,990,000 after buying an additional 647,237 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in O-I Glass by 9.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,449,472 shares of the industrial products company’s stock worth $80,749,000 after buying an additional 617,460 shares during the last quarter. Highland Peak Capital LLC lifted its holdings in O-I Glass by 87.5% during the 4th quarter. Highland Peak Capital LLC now owns 3,877,259 shares of the industrial products company’s stock worth $42,029,000 after buying an additional 1,809,237 shares during the last quarter. Finally, Segall Bryant & Hamill LLC lifted its holdings in O-I Glass by 31.5% during the 4th quarter. Segall Bryant & Hamill LLC now owns 3,242,750 shares of the industrial products company’s stock worth $35,151,000 after buying an additional 777,036 shares during the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on OI shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $16.00 price target on shares of O-I Glass in a report on Monday, March 17th. Truist Financial reaffirmed a “buy” rating and set a $16.00 price target (up from $13.00) on shares of O-I Glass in a report on Thursday, May 1st. Citigroup lifted their price target on O-I Glass from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, May 9th. Finally, Barclays lifted their price target on O-I Glass from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.88.

O-I Glass Stock Up 2.0%

O-I Glass stock opened at $13.54 on Tuesday. O-I Glass, Inc. has a fifty-two week low of $9.23 and a fifty-two week high of $14.34. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.70 and a current ratio of 1.15. The company has a market capitalization of $2.09 billion, a P/E ratio of -19.07, a PEG ratio of 0.24 and a beta of 0.93. The stock has a 50-day simple moving average of $11.86 and a 200-day simple moving average of $11.62.

O-I Glass (NYSE:OI) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.22. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.55 billion. O-I Glass had a positive return on equity of 8.27% and a negative net margin of 1.62%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS. Equities research analysts expect that O-I Glass, Inc. will post 1.33 earnings per share for the current year.

About O-I Glass

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.