Rhumbline Advisers Has $5.27 Million Stock Holdings in O-I Glass, Inc. (NYSE:OI)

Rhumbline Advisers boosted its position in shares of O-I Glass, Inc. (NYSE:OI) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 485,732 shares of the industrial products company’s stock after acquiring an additional 3,980 shares during the period. Rhumbline Advisers owned approximately 0.31% of O-I Glass worth $5,265,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OI. Creative Planning raised its stake in shares of O-I Glass by 74.2% in the third quarter. Creative Planning now owns 74,322 shares of the industrial products company’s stock valued at $975,000 after acquiring an additional 31,653 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in O-I Glass by 28.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,136 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 1,136 shares during the last quarter. Private Management Group Inc. increased its position in shares of 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 buying an additional 520,452 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of O-I Glass during the 3rd quarter valued at about $27,000. Finally, Markel Group Inc. lifted its position in O-I Glass by 20.8% in the 3rd quarter. Markel Group Inc. now owns 814,100 shares of the industrial products company’s stock valued at $10,681,000 after acquiring an additional 140,000 shares in the last quarter. 97.24% of the stock is owned by institutional investors.

O-I Glass Stock Down 1.3 %

OI stock opened at $11.31 on Friday. The firm has a market capitalization of $1.74 billion, a PE ratio of -15.93, a P/E/G 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. O-I Glass, Inc. has a twelve month low of $9.85 and a twelve month high of $17.58. The stock’s 50 day moving average is $11.00 and its 200-day moving average is $11.95.

O-I Glass (NYSE:OI) last announced its earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share for the quarter, topping 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%. Sell-side analysts expect that O-I Glass, Inc. will post 1.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Citigroup decreased their price objective 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. Barclays decreased 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 research report on Thursday, October 31st. Wells Fargo & Company dropped their target price on shares of O-I Glass from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Bank of America lifted 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 report on Tuesday, November 12th. 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.38.

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.