O-I Glass, Inc. (NYSE:OI) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd trimmed its holdings in shares of O-I Glass, Inc. (NYSE:OI) by 8.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,140 shares of the industrial products company’s stock after selling 1,850 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in O-I Glass were worth $251,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in O-I Glass by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 116,440 shares of the industrial products company’s stock worth $1,932,000 after buying an additional 5,504 shares in the last quarter. Comerica Bank grew its stake in O-I Glass by 13.6% during the 1st quarter. Comerica Bank now owns 92,953 shares of the industrial products company’s stock worth $1,542,000 after purchasing an additional 11,120 shares in the last quarter. Boston Partners acquired a new position in shares of O-I Glass during the first quarter worth about $713,000. SG Americas Securities LLC increased its position in shares of O-I Glass by 112.8% in the 2nd quarter. SG Americas Securities LLC now owns 41,623 shares of the industrial products company’s stock valued at $463,000 after purchasing an additional 22,061 shares during the last quarter. Finally, Foguth Wealth Management LLC. acquired a new stake in O-I Glass in the second quarter valued at $138,000. 97.24% of the stock is owned by institutional investors and hedge funds.

O-I Glass Stock Performance

O-I Glass stock opened at $12.60 on Monday. The stock has a fifty day moving average of $12.69 and a two-hundred day moving average of $12.20. O-I Glass, Inc. has a fifty-two week low of $10.08 and a fifty-two week high of $17.58. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of -4.57 and a beta of 1.20. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.77 and a current ratio of 1.23.

O-I Glass (NYSE:OI) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.08). The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.76 billion. O-I Glass had a positive return on equity of 9.16% and a negative net margin of 6.34%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 earnings per share. On average, analysts anticipate that O-I Glass, Inc. will post 0.76 EPS for the current fiscal year.

Analysts Set New Price Targets

OI has been the subject of several recent analyst reports. Citigroup boosted their price objective on shares of O-I Glass from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. StockNews.com upgraded O-I Glass from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Barclays dropped their price target on shares of O-I Glass from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. Bank of America raised O-I Glass from a “neutral” rating to a “buy” rating and raised their price target for the company from $14.00 to $16.00 in a report on Thursday, October 17th. Finally, Royal Bank of Canada lowered their price target on shares of O-I Glass from $18.00 to $16.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.25.

O-I Glass Company 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.