Jones Financial Companies Lllp Boosts Position in O-I Glass, Inc. (NYSE:OI)

Jones Financial Companies Lllp increased its holdings in shares of O-I Glass, Inc. (NYSE:OI) by 277.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,982 shares of the industrial products company’s stock after purchasing an additional 11,009 shares during the quarter. Jones Financial Companies Lllp’s holdings in O-I Glass were worth $162,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in O-I Glass by 18.0% during the third quarter. JPMorgan Chase & Co. now owns 619,643 shares of the industrial products company’s stock worth $8,130,000 after purchasing an additional 94,671 shares during the last quarter. Highland Peak Capital LLC purchased a new stake in O-I Glass during the third quarter worth approximately $27,132,000. Barclays PLC lifted its stake in O-I Glass by 349.3% during the third quarter. Barclays PLC now owns 261,161 shares of the industrial products company’s stock worth $3,427,000 after purchasing an additional 203,037 shares during the last quarter. Maverick Capital Ltd. acquired a new position in O-I Glass during the third quarter worth approximately $1,264,000. Finally, Segall Bryant & Hamill LLC acquired a new position in O-I Glass during the third quarter worth approximately $32,350,000. Hedge funds and other institutional investors own 97.24% of the company’s stock.

Wall Street Analyst Weigh In

OI has been the topic of several research analyst reports. Citigroup cut their price target on O-I Glass from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Bank of America lifted their price target 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. Finally, Wells Fargo & Company cut their price target on 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. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.38.

O-I Glass Trading Up 4.1 %

NYSE:OI opened at $11.64 on Friday. The firm has a market cap of $1.79 billion, a P/E ratio of -16.39, a PEG ratio of 0.24 and a beta of 1.20. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 3.78. The stock’s 50 day simple moving average is $11.22 and its 200-day simple moving average is $11.90. O-I Glass, Inc. has a 12-month low of $9.85 and a 12-month high of $17.58.

O-I Glass (NYSE:OI) last released its earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share (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%. Equities analysts anticipate 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.