Fmr LLC Has $108.99 Million Stock Position in O-I Glass, Inc. (NYSE:OI)

FMR LLC raised its holdings in O-I Glass, Inc. (NYSE:OI - Free Report) by 6.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 10,054,398 shares of the industrial products company's stock after acquiring an additional 647,237 shares during the period. FMR LLC owned 6.50% of O-I Glass worth $108,990,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in O-I Glass in the 4th quarter worth about $45,000. KBC Group NV boosted its position in shares of O-I Glass by 42.5% in the fourth quarter. KBC Group NV now owns 7,740 shares of the industrial products company's stock worth $84,000 after acquiring an additional 2,309 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in O-I Glass in the fourth quarter valued at approximately $86,000. XTX Topco Ltd acquired a new position in O-I Glass during the third quarter worth approximately $148,000. Finally, Jones Financial Companies Lllp raised its stake in O-I Glass by 277.1% during the fourth quarter. Jones Financial Companies Lllp now owns 14,982 shares of the industrial products company's stock worth $162,000 after purchasing an additional 11,009 shares during the period. Hedge funds and other institutional investors own 97.24% of the company's stock.

O-I Glass Price Performance

Shares of NYSE OI traded up $0.11 during mid-day trading on Friday, reaching $10.93. 876,741 shares of the company traded hands, compared to its average volume of 1,607,225. The firm has a market cap of $1.69 billion, a PE ratio of -15.40, a price-to-earnings-growth 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. O-I Glass, Inc. has a fifty-two week low of $9.23 and a fifty-two week high of $15.72. The stock has a fifty day simple moving average of $11.33 and a 200-day simple moving average of $11.63.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OI. Citigroup lowered 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 research note on Monday, January 6th. Bank of America boosted their price target on 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 dropped their price objective on shares of O-I Glass from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $16.00 price target on shares of O-I Glass in a 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $15.38.

O-I Glass Company 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.