DCF Advisers LLC Buys 5,000 Shares of O-I Glass, Inc. (NYSE:OI)

DCF Advisers LLC raised its stake in O-I Glass, Inc. (NYSE:OI) by 5.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,750 shares of the industrial products company’s stock after acquiring an additional 5,000 shares during the quarter. DCF Advisers LLC owned about 0.06% of O-I Glass worth $1,010,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of OI. Bessemer Group Inc. lifted its holdings in shares of O-I Glass by 40.2% during the first quarter. Bessemer Group Inc. now owns 4,597 shares of the industrial products company’s stock worth $76,000 after buying an additional 1,318 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in O-I Glass by 37.3% in the 4th quarter. Quadrant Capital Group LLC now owns 5,168 shares of the industrial products company’s stock valued at $85,000 after purchasing an additional 1,404 shares during the period. Comerica Bank boosted its holdings in O-I Glass by 1.8% in the 4th quarter. Comerica Bank now owns 81,833 shares of the industrial products company’s stock valued at $1,340,000 after purchasing an additional 1,411 shares during the period. Texas Permanent School Fund Corp grew its position in shares of O-I Glass by 1.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 135,154 shares of the industrial products company’s stock worth $2,242,000 after purchasing an additional 1,465 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of O-I Glass by 8.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 21,281 shares of the industrial products company’s stock worth $357,000 after purchasing an additional 1,695 shares during the period. 97.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other O-I Glass news, Director John Humphrey purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average price of $11.30 per share, with a total value of $169,500.00. Following the transaction, the director now owns 84,227 shares in the company, valued at $951,765.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.49% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on OI. StockNews.com raised O-I Glass from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. UBS Group reduced their price objective on shares of O-I Glass from $26.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Truist Financial restated a “buy” rating and issued a $16.00 target price (down from $17.00) on shares of O-I Glass in a research report on Thursday, August 1st. Robert W. Baird reduced their price target on shares of O-I Glass from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. Finally, Royal Bank of Canada decreased their price objective on shares of O-I Glass from $20.00 to $18.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.25.

O-I Glass Trading Up 3.3 %

NYSE OI opened at $13.42 on Friday. The firm has a market capitalization of $2.09 billion, a PE ratio of -8.44, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17. The business’s 50-day moving average price is $12.08 and its two-hundred day moving average price is $13.15. The company has a current ratio of 1.26, a quick ratio of 0.75 and a debt-to-equity ratio of 2.85. O-I Glass, Inc. has a 12 month low of $10.08 and a 12 month high of $18.50.

O-I Glass (NYSE:OI) last released its earnings results on Tuesday, July 30th. The industrial products company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.77 billion. O-I Glass had a positive return on equity of 15.64% and a negative net margin of 4.32%. The firm’s revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. On average, analysts expect that O-I Glass, Inc. will post 1.13 EPS for the current year.

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.