SG Americas Securities LLC Boosts Stake in O-I Glass, Inc. (NYSE:OI)

SG Americas Securities LLC boosted its stake in shares of O-I Glass, Inc. (NYSE:OI) by 27.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,023 shares of the industrial products company’s stock after buying an additional 4,528 shares during the period. SG Americas Securities LLC’s holdings in O-I Glass were worth $228,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new stake in shares of O-I Glass in the third quarter worth approximately $27,000. GAMMA Investing LLC lifted its holdings in O-I Glass by 371.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,402 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 1,892 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in O-I Glass by 28.4% during the third quarter. Nisa Investment Advisors LLC now owns 5,136 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 1,136 shares in the last quarter. KBC Group NV lifted its position in shares of O-I Glass by 38.9% in the third quarter. KBC Group NV now owns 5,431 shares of the industrial products company’s stock worth $71,000 after buying an additional 1,521 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in O-I Glass in the third quarter worth $77,000. Institutional investors own 97.24% of the company’s stock.

O-I Glass Stock Performance

Shares of O-I Glass stock opened at $11.52 on Friday. The firm has a market capitalization of $1.78 billion, a P/E ratio of -4.17 and a beta of 1.22. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 3.18. O-I Glass, Inc. has a 52 week low of $9.85 and a 52 week high of $17.58. The company has a 50 day moving average price of $11.08 and a 200 day moving average price of $11.96.

O-I Glass (NYSE:OI) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. O-I Glass had a negative net margin of 6.34% and a positive return on equity of 9.16%. Sell-side analysts expect that O-I Glass, Inc. will post 0.75 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on OI shares. Citigroup dropped their target price on O-I Glass from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Royal Bank of Canada decreased their target price on O-I Glass from $18.00 to $16.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Barclays dropped their price target on O-I Glass from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Bank of America increased their target price on O-I Glass from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, StockNews.com raised O-I Glass from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.38.

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.