Assenagon Asset Management S.A. Purchases 806,059 Shares of O-I Glass, Inc. $OI

Assenagon Asset Management S.A. boosted its position in shares of O-I Glass, Inc. (NYSE:OI) by 181.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,249,473 shares of the industrial products company’s stock after purchasing an additional 806,059 shares during the quarter. Assenagon Asset Management S.A. owned 0.81% of O-I Glass worth $16,206,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cetera Investment Advisers bought a new position in shares of O-I Glass during the first quarter worth $211,000. Charles Schwab Investment Management Inc. raised its stake in O-I Glass by 7.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,992,887 shares of the industrial products company’s stock worth $22,858,000 after buying an additional 144,030 shares during the period. Nuveen LLC acquired a new stake in O-I Glass during the 1st quarter worth $10,738,000. Russell Investments Group Ltd. lifted its holdings in O-I Glass by 1.5% during the first quarter. Russell Investments Group Ltd. now owns 70,572 shares of the industrial products company’s stock worth $809,000 after acquiring an additional 1,074 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in O-I Glass by 11.0% in the first quarter. American Century Companies Inc. now owns 326,153 shares of the industrial products company’s stock valued at $3,741,000 after acquiring an additional 32,339 shares during the period. Institutional investors own 97.24% of the company’s stock.

Key Stores Impacting O-I Glass

Here are the key news stories impacting O-I Glass this week:

• Positive Sentiment: Zacks raised multiple quarterly and annual EPS forecasts (examples: Q4 2025 to $0.19 from $0.17; Q2 2026 to $0.55 from $0.53; Q3 2026 to $0.59 from $0.56; FY2026 to $1.89 from $1.84; FY2027 to $2.35 from $2.34), suggesting modestly improved earnings visibility over the next 1–2 years. MarketBeat OI coverage
• Neutral Sentiment: Zacks maintained a “Hold” rating despite the estimate changes, and the consensus for the current full year remains lower than Zacks’ longer‑term projections (consensus shown at ~$1.33). The firm’s incremental revisions may reflect fine‑tuning rather than a material change in outlook. MarketBeat OI coverage
• Negative Sentiment: Zacks trimmed its Q3 2027 estimate slightly (to $0.67 from $0.68). Although small, this downgrade — combined with the Hold rating — can weigh on near‑term sentiment. MarketBeat OI coverage

O-I Glass Stock Down 2.3%

OI opened at $14.65 on Friday. The stock’s fifty day simple moving average is $13.12 and its 200 day simple moving average is $13.45. O-I Glass, Inc. has a 1-year low of $9.23 and a 1-year high of $16.04. The stock has a market cap of $2.25 billion, a PE ratio of -15.58, a price-to-earnings-growth ratio of 0.23 and a beta of 0.78. The company has a current ratio of 1.33, a quick ratio of 0.84 and a debt-to-equity ratio of 3.36.

O-I Glass (NYSE:OI) last released its quarterly earnings data on Wednesday, March 1st. The industrial products company reported $0.36 EPS for the quarter. O-I Glass had a negative net margin of 2.26% and a positive return on equity of 16.02%. The firm had revenue of $1.59 billion for the quarter. As a group, research analysts expect that O-I Glass, Inc. will post 1.33 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on OI shares. Zacks Research lowered O-I Glass from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 25th. Wall Street Zen raised O-I Glass from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Wells Fargo & Company lifted their price target on shares of O-I Glass from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. Bank of America upgraded shares of O-I Glass from a “neutral” rating to a “buy” rating and upped their price target for the company from $14.00 to $17.00 in a report on Monday, November 17th. Finally, Truist Financial dropped their price objective on shares of O-I Glass from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.67.

O-I Glass Company Profile

O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.