O-I Glass, Inc. (NYSE:OI) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in O-I Glass, Inc. (NYSE:OI) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,848,857 shares of the industrial products company’s stock after buying an additional 25,719 shares during the period. Charles Schwab Investment Management Inc. owned about 1.20% of O-I Glass worth $20,042,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of OI. Segall Bryant & Hamill LLC purchased a new position in shares of O-I Glass during the third quarter worth about $32,350,000. Highland Peak Capital LLC acquired a new stake in shares of O-I Glass during the 3rd quarter valued at approximately $27,132,000. Assenagon Asset Management S.A. lifted its position in shares of O-I Glass by 111.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,401,400 shares of the industrial products company’s stock valued at $15,191,000 after acquiring an additional 737,123 shares during the period. Portolan Capital Management LLC acquired a new stake in shares of O-I Glass during the 3rd quarter valued at approximately $4,634,000. Finally, Barclays PLC lifted its position in shares of O-I Glass by 349.3% during the 3rd quarter. Barclays PLC now owns 261,161 shares of the industrial products company’s stock valued at $3,427,000 after acquiring an additional 203,037 shares during the period. 97.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OI. Citigroup reduced their price target 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. Wells Fargo & Company cut their price objective on 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. Royal Bank of Canada restated an “outperform” rating and set a $16.00 price objective on shares of O-I Glass in a research report on Monday. Finally, Bank of America lifted their price objective on O-I Glass from $14.00 to $15.00 and gave the stock a “buy” rating in a research report 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.38.

O-I Glass Stock Down 0.1 %

OI stock opened at $12.18 on Thursday. The stock has a market capitalization of $1.88 billion, a P/E ratio of -17.16, a PEG ratio of 0.24 and a beta of 1.20. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.70 and a current ratio of 1.15. O-I Glass, Inc. has a one year low of $9.85 and a one year high of $17.58. The company has a 50 day moving average price of $11.29 and a two-hundred day moving average price of $11.87.

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, topping the consensus estimate of ($0.07) by $0.02. O-I Glass had a negative net margin of 1.62% and a positive return on equity of 8.27%. As a group, sell-side analysts expect that O-I Glass, Inc. will post 1.33 EPS for the current year.

About O-I Glass

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.