O-I Glass, Inc. (NYSE:OI) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its position in O-I Glass, Inc. (NYSE:OI) by 1.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 64,264 shares of the industrial products company’s stock after selling 971 shares during the period. Yousif Capital Management LLC’s holdings in O-I Glass were worth $737,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OI. Sterling Capital Management LLC boosted its holdings in shares of O-I Glass by 807.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,881 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 4,343 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in O-I Glass during the fourth quarter worth approximately $86,000. Point72 Asset Management L.P. acquired a new position in O-I Glass during the fourth quarter worth $89,000. Point72 Hong Kong Ltd acquired a new position in O-I Glass during the fourth quarter worth $106,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in O-I Glass in the 4th quarter valued at $107,000. Institutional investors and hedge funds own 97.24% of the company’s stock.

O-I Glass Trading Down 0.6%

NYSE OI opened at $13.52 on Friday. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.24 and a quick ratio of 0.73. The stock has a market capitalization of $2.09 billion, a P/E ratio of -10.73, a PEG ratio of 0.28 and a beta of 0.96. The firm’s 50-day moving average is $12.82 and its two-hundred day moving average is $11.75. O-I Glass, Inc. has a 12 month low of $9.23 and a 12 month high of $14.34.

O-I Glass (NYSE:OI) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.22. O-I Glass had a negative net margin of 2.98% and a positive return on equity of 8.48%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the firm earned $0.45 EPS. The business’s revenue was up .4% on a year-over-year basis. On average, sell-side analysts anticipate that O-I Glass, Inc. will post 1.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OI. 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. Truist Financial restated a “buy” rating and set a $16.00 price objective (up from $13.00) on shares of O-I Glass in a research report on Thursday, May 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $16.00 target price on shares of O-I Glass in a research note on Monday, March 17th. Wall Street Zen raised shares of O-I Glass from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. Finally, Citigroup raised their price target on shares of O-I Glass from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.88.

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.