Allspring Global Investments Holdings LLC Has $280,000 Stake in O-I Glass, Inc. (NYSE:OI)

Allspring Global Investments Holdings LLC decreased its holdings in O-I Glass, Inc. (NYSE:OI) by 84.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,054 shares of the industrial products company’s stock after selling 146,511 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in O-I Glass were worth $280,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of OI. Geode Capital Management LLC raised its holdings in O-I Glass by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,568,443 shares of the industrial products company’s stock worth $46,827,000 after buying an additional 37,238 shares during the period. Private Management Group Inc. lifted its position in O-I Glass by 20.8% in the 3rd quarter. Private Management Group Inc. now owns 3,025,731 shares of the industrial products company’s stock valued at $39,698,000 after acquiring an additional 520,452 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in O-I Glass in the 3rd quarter valued at $32,350,000. Highland Peak Capital LLC acquired a new position in O-I Glass in the 3rd quarter worth $27,132,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in O-I Glass by 7.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,823,138 shares of the industrial products company’s stock worth $23,920,000 after purchasing an additional 130,422 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

Analyst Ratings Changes

OI has been the topic of a number of analyst reports. Royal Bank of Canada dropped their price objective on 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. Wells Fargo & Company dropped their price target on shares of O-I Glass from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Citigroup decreased their price objective on shares of O-I Glass from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Barclays dropped their target price on shares of O-I Glass from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Finally, Bank of America raised their target price on shares of O-I Glass from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, O-I Glass currently has an average rating of “Moderate Buy” and an average target price of $15.38.

O-I Glass Stock Up 0.8 %

OI stock opened at $11.44 on Wednesday. O-I Glass, Inc. has a twelve month low of $9.85 and a twelve month high of $17.58. The firm has a market capitalization of $1.76 billion, a PE ratio of -16.11, a PEG ratio of 0.24 and a beta of 1.22. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 3.78. The stock has a 50-day simple moving average of $10.98 and a two-hundred day simple moving average of $11.96.

O-I Glass (NYSE:OI) last released its earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. O-I Glass had a positive return on equity of 8.27% and a negative net margin of 1.62%. On average, equities analysts predict that O-I Glass, Inc. will post 1.33 EPS for the current fiscal year.

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.