Dana Investment Advisors Inc. lessened its holdings in O-I Glass, Inc. (NYSE:OI - Free Report) by 11.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 280,348 shares of the industrial products company's stock after selling 36,671 shares during the period. Dana Investment Advisors Inc. owned about 0.18% of O-I Glass worth $3,039,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in OI. Victory Capital Management Inc. raised its position in O-I Glass by 57.1% in the 4th quarter. Victory Capital Management Inc. now owns 139,302 shares of the industrial products company's stock valued at $1,510,000 after buying an additional 50,641 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of O-I Glass by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,848,857 shares of the industrial products company's stock worth $20,042,000 after acquiring an additional 25,719 shares in the last quarter. Jones Financial Companies Lllp raised its holdings 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 last quarter. Illinois Municipal Retirement Fund lifted its position in shares of O-I Glass by 3.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 89,224 shares of the industrial products company's stock valued at $967,000 after purchasing an additional 3,207 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in O-I Glass by 2.2% during the fourth quarter. Principal Financial Group Inc. now owns 750,006 shares of the industrial products company's stock worth $8,130,000 after purchasing an additional 15,964 shares during the last quarter. Institutional investors and hedge funds own 97.24% of the company's stock.
O-I Glass Stock Performance
Shares of NYSE OI traded up $0.09 during trading on Tuesday, reaching $11.42. 1,769,639 shares of the stock traded hands, compared to its average volume of 1,453,097. 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 stock has a market capitalization of $1.76 billion, a P/E ratio of -16.09, a price-to-earnings-growth ratio of 0.24 and a beta of 1.20. O-I Glass, Inc. has a 52-week low of $9.85 and a 52-week high of $17.58. The company has a 50-day moving average of $11.18 and a 200-day moving average of $11.92.
O-I Glass (NYSE:OI - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported ($0.05) EPS 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%. Analysts forecast that O-I Glass, Inc. will post 1.33 EPS for the current fiscal year.
Analysts Set New Price Targets
OI has been the subject of several analyst reports. StockNews.com upgraded shares of O-I Glass from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Bank of America increased their price target on O-I Glass from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Citigroup dropped their price target on O-I Glass from $12.00 to $11.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Finally, Wells Fargo & Company reduced their price objective on O-I Glass from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $15.38.
Get Our Latest Stock Report on OI
O-I Glass Company Profile
(
Free Report)
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.
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