Bryce Point Capital LLC Acquires New Stake in O-I Glass, Inc. (NYSE:OI)

Bryce Point Capital LLC bought a new stake in shares of O-I Glass, Inc. (NYSE:OI - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 132,103 shares of the industrial products company's stock, valued at approximately $1,432,000. Bryce Point Capital LLC owned approximately 0.09% of O-I Glass at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OI. Highland Peak Capital LLC increased its stake in shares of O-I Glass by 87.5% during the 4th quarter. Highland Peak Capital LLC now owns 3,877,259 shares of the industrial products company's stock worth $42,029,000 after purchasing an additional 1,809,237 shares in the last quarter. Segall Bryant & Hamill LLC increased its position in O-I Glass by 31.5% during the fourth quarter. Segall Bryant & Hamill LLC now owns 3,242,750 shares of the industrial products company's stock worth $35,151,000 after buying an additional 777,036 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of O-I Glass by 111.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,401,400 shares of the industrial products company's stock worth $15,191,000 after acquiring an additional 737,123 shares during the last quarter. IPG Investment Advisors LLC lifted its position in shares of O-I Glass by 33.5% in the fourth quarter. IPG Investment Advisors LLC now owns 1,840,668 shares of the industrial products company's stock valued at $19,953,000 after acquiring an additional 462,040 shares in the last quarter. Finally, Portolan Capital Management LLC acquired a new stake in shares of O-I Glass during the third quarter valued at $4,634,000. Institutional investors and hedge funds own 97.24% of the company's stock.

O-I Glass Stock Performance

Shares of NYSE OI traded down $0.38 during mid-day trading on Monday, hitting $10.15. The company had a trading volume of 887,541 shares, compared to its average volume of 1,470,045. O-I Glass, Inc. has a 12 month low of $9.78 and a 12 month high of $16.19. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of -14.27, a PEG ratio of 0.24 and a beta of 0.98. The company has a debt-to-equity ratio of 3.78, a current ratio of 1.15 and a quick ratio of 0.70. The firm's 50 day simple moving average is $11.60 and its two-hundred day simple moving average is $11.80.

O-I Glass (NYSE:OI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share 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%. As a group, equities research analysts forecast that O-I Glass, Inc. will post 1.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on OI shares. Citigroup reduced their target price on shares of O-I Glass from $12.00 to $11.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Bank of America raised their target price on shares of O-I Glass from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Wells Fargo & Company cut their price target on O-I Glass from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $16.00 price target on shares of O-I Glass in a research note on Monday, March 17th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock 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.