Edmond DE Rothschild Holding S.A. Boosts Holdings in O-I Glass, Inc. (NYSE:OI)

Edmond DE Rothschild Holding S.A. boosted its holdings in O-I Glass, Inc. (NYSE:OI - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,520,015 shares of the industrial products company's stock after purchasing an additional 95,000 shares during the quarter. Edmond DE Rothschild Holding S.A. owned about 0.98% of O-I Glass worth $16,477,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. R Squared Ltd acquired a new position in shares of O-I Glass during the fourth quarter valued at about $45,000. KBC Group NV boosted its stake in O-I Glass by 42.5% during the 4th quarter. KBC Group NV now owns 7,740 shares of the industrial products company's stock valued at $84,000 after purchasing an additional 2,309 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in O-I Glass during the 4th quarter worth approximately $86,000. XTX Topco Ltd purchased a new stake in shares of O-I Glass in the third quarter worth approximately $148,000. Finally, Jones Financial Companies Lllp lifted 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 in the last quarter. Institutional investors and hedge funds own 97.24% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on OI. Citigroup dropped 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 report on Monday, January 6th. Wells Fargo & Company cut their price objective 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. Bank of America lifted their target price on O-I Glass from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $16.00 price objective on shares of O-I Glass in a research report on Monday, March 17th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, O-I Glass currently has an average rating of "Moderate Buy" and a consensus price target of $15.38.

O-I Glass Trading Down 8.4 %

Shares of O-I Glass stock traded down $0.95 on Friday, hitting $10.26. The stock had a trading volume of 952,415 shares, compared to its average volume of 1,447,813. The stock's 50-day simple moving average is $11.61 and its two-hundred day simple moving average is $11.83. O-I Glass, Inc. has a one year low of $9.85 and a one year high of $16.19. 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 stock has a market cap of $1.58 billion, a price-to-earnings ratio of -14.42, a PEG ratio of 0.24 and a beta of 0.98.

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) earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts predict 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.