O-I Glass, Inc. (NYSE:OI) Holdings Boosted by Amundi

Amundi increased its holdings in shares of O-I Glass, Inc. (NYSE:OI - Free Report) by 212.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,302 shares of the industrial products company's stock after acquiring an additional 64,844 shares during the quarter. Amundi owned approximately 0.06% of O-I Glass worth $996,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of O-I Glass in the fourth quarter valued at approximately $45,000. KBC Group NV increased its stake in shares of O-I Glass by 38.9% in the third quarter. KBC Group NV now owns 5,431 shares of the industrial products company's stock valued at $71,000 after purchasing an additional 1,521 shares during the period. Quest Partners LLC acquired a new stake in shares of O-I Glass in the third quarter valued at approximately $77,000. XTX Topco Ltd acquired a new stake in shares of O-I Glass in the third quarter valued at approximately $148,000. Finally, Jones Financial Companies Lllp increased its stake in shares of 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 purchasing an additional 11,009 shares during the period. Institutional investors and hedge funds own 97.24% of the company's stock.

O-I Glass Price Performance

NYSE:OI traded down $0.28 during trading hours on Friday, reaching $11.99. 2,633,614 shares of the company's stock were exchanged, compared to its average volume of 1,522,670. The company has a market capitalization of $1.85 billion, a P/E ratio of -16.88, a price-to-earnings-growth ratio of 0.24 and a beta of 1.20. O-I Glass, Inc. has a 12 month low of $9.85 and a 12 month high of $17.58. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 3.78. The business's 50-day simple moving average is $11.40 and its two-hundred day simple moving average is $11.86.

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O-I Glass (NYSE:OI - Get Free Report) last issued 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 negative net margin of 1.62% and a positive return on equity of 8.27%. Sell-side analysts expect that O-I Glass, Inc. will post 1.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on OI. Wells Fargo & Company decreased their price objective on shares of O-I Glass from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Citigroup decreased their price objective on shares of O-I Glass from $12.00 to $11.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Bank of America increased their price objective on shares of O-I Glass from $14.00 to $15.00 and gave the company a "buy" rating in a report on Monday, January 6th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $16.00 price objective on shares of O-I Glass in a report on Monday, March 17th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $15.38.

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.