Natixis Advisors LLC Raises Stake in O-I Glass, Inc. (NYSE:OI)

Natixis Advisors LLC boosted its holdings in O-I Glass, Inc. (NYSE:OI) by 55.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,812 shares of the industrial products company’s stock after purchasing an additional 9,175 shares during the quarter. Natixis Advisors 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 have also recently bought and sold shares of the stock. R Squared Ltd purchased a new stake in shares of O-I Glass during the 4th quarter worth $45,000. Quest Partners LLC acquired a new stake in shares of O-I Glass during the 3rd quarter worth $77,000. KBC Group NV increased its position in O-I Glass by 42.5% during the 4th quarter. KBC Group NV now owns 7,740 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 2,309 shares in the last quarter. XTX Topco Ltd purchased a new position in O-I Glass in the third quarter valued at about $148,000. Finally, Jones Financial Companies Lllp grew its position in O-I Glass by 277.1% in the fourth quarter. Jones Financial Companies Lllp now owns 14,982 shares of the industrial products company’s stock valued at $162,000 after acquiring an additional 11,009 shares in the last quarter. 97.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OI. Bank of America raised their price objective on O-I Glass from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Wells Fargo & Company reduced 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 note on Monday, January 6th. Citigroup decreased their target price 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $16.00 target price on shares of O-I Glass in a report on Monday, March 17th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, O-I Glass currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.38.

O-I Glass Stock Down 4.0 %

O-I Glass stock opened at $11.54 on Friday. The firm has a market cap of $1.78 billion, a PE ratio of -16.25, a P/E/G ratio of 0.24 and a beta of 1.20. O-I Glass, Inc. has a twelve month low of $9.85 and a twelve month high of $17.58. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.70 and a current ratio of 1.15. The firm’s 50 day moving average price is $11.55 and its two-hundred day moving average price is $11.85.

O-I Glass (NYSE:OI) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, beating 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%. On average, research analysts predict that O-I Glass, Inc. will post 1.33 EPS for the current fiscal 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.