Mutual of America Capital Management LLC Sells 2,174 Shares of O-I Glass, Inc. (NYSE:OI)

Mutual of America Capital Management LLC decreased its position in shares of O-I Glass, Inc. (NYSE:OI) by 8.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,422 shares of the industrial products company’s stock after selling 2,174 shares during the quarter. Mutual of America Capital Management LLC’s holdings in O-I Glass were worth $307,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of O-I Glass by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 116,440 shares of the industrial products company’s stock worth $1,932,000 after acquiring an additional 5,504 shares in the last quarter. Comerica Bank raised its holdings in O-I Glass by 13.6% during the 1st quarter. Comerica Bank now owns 92,953 shares of the industrial products company’s stock worth $1,542,000 after buying an additional 11,120 shares during the period. Boston Partners bought a new position in O-I Glass in the first quarter valued at approximately $713,000. Thompson Investment Management Inc. boosted its holdings in shares of O-I Glass by 56.1% in the second quarter. Thompson Investment Management Inc. now owns 614,846 shares of the industrial products company’s stock valued at $6,843,000 after buying an additional 220,963 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of O-I Glass by 112.8% during the second quarter. SG Americas Securities LLC now owns 41,623 shares of the industrial products company’s stock worth $463,000 after acquiring an additional 22,061 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Robert W. Baird reduced their target price on shares of O-I Glass from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. Truist Financial reaffirmed a “buy” rating and set a $16.00 price objective (down from $17.00) on shares of O-I Glass in a research report on Thursday, August 1st. Barclays dropped their target price 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. Royal Bank of Canada reduced their price target 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. Finally, StockNews.com raised shares of O-I Glass from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $16.25.

O-I Glass Trading Up 0.7 %

NYSE OI opened at $12.69 on Friday. O-I Glass, Inc. has a 12 month low of $10.08 and a 12 month high of $17.58. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 3.18. The stock has a 50 day moving average of $12.71 and a 200-day moving average of $12.22. The company has a market cap of $1.96 billion, a PE ratio of -4.60 and a beta of 1.20.

O-I Glass (NYSE:OI) last issued its earnings results on Tuesday, October 29th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.08). The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.76 billion. O-I Glass had a negative net margin of 6.34% and a positive return on equity of 9.16%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 earnings per share. On average, equities research analysts anticipate that O-I Glass, Inc. will post 0.76 EPS for the current fiscal year.

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.