Assenagon Asset Management S.A. Grows Position in O-I Glass, Inc. (NYSE:OI)

Assenagon Asset Management S.A. increased its position in O-I Glass, Inc. (NYSE:OI - Free Report) by 111.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,401,400 shares of the industrial products company's stock after buying an additional 737,123 shares during the period. Assenagon Asset Management S.A. owned about 0.91% of O-I Glass worth $15,191,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Everence Capital Management Inc. grew its stake in O-I Glass by 6.1% during the third quarter. Everence Capital Management Inc. now owns 15,550 shares of the industrial products company's stock valued at $204,000 after acquiring an additional 890 shares in the last quarter. Diversified Trust Co grew its position in shares of O-I Glass by 2.0% during the third quarter. Diversified Trust Co now owns 49,596 shares of the industrial products company's stock valued at $651,000 after purchasing an additional 965 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of O-I Glass by 28.4% in the third quarter. Nisa Investment Advisors LLC now owns 5,136 shares of the industrial products company's stock worth $67,000 after purchasing an additional 1,136 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of O-I Glass by 6.1% in the second quarter. Mackenzie Financial Corp now owns 20,091 shares of the industrial products company's stock worth $224,000 after buying an additional 1,162 shares in the last quarter. Finally, KBC Group NV boosted its stake in O-I Glass by 38.9% during the third quarter. KBC Group NV now owns 5,431 shares of the industrial products company's stock valued at $71,000 after buying an additional 1,521 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company's stock.

O-I Glass Trading Up 0.8 %

O-I Glass stock traded up $0.09 during midday trading on Friday, reaching $10.43. The stock had a trading volume of 736,181 shares, compared to its average volume of 1,433,179. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 3.18. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of -3.78 and a beta of 1.21. O-I Glass, Inc. has a 52-week low of $9.85 and a 52-week high of $17.58. The company has a fifty day moving average of $11.45 and a 200 day moving average of $11.93.

O-I Glass (NYSE:OI - Get Free Report) last issued its quarterly 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 business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.76 billion. O-I Glass had a positive return on equity of 9.16% and a negative net margin of 6.34%. O-I Glass's revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. On average, analysts anticipate that O-I Glass, Inc. will post 0.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on OI. Bank of America upped their price objective on O-I Glass from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Citigroup decreased their price target on shares of O-I Glass from $12.00 to $11.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Barclays dropped their price objective on shares of O-I Glass from $14.00 to $13.00 and set an "equal weight" rating for the company in a research note on Thursday, October 31st. Royal Bank of Canada decreased their target price on shares of O-I Glass from $18.00 to $16.00 and set an "outperform" rating on the stock 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 report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $15.38.

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.