42,896 Shares in O-I Glass, Inc. (NYSE:OI) Purchased by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in O-I Glass, Inc. (NYSE:OI - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 42,896 shares of the industrial products company's stock, valued at approximately $563,000.

A number of other large investors have also recently bought and sold shares of the business. Segall Bryant & Hamill LLC purchased a new stake in shares of O-I Glass during the third quarter worth approximately $32,350,000. Levin Capital Strategies L.P. lifted its stake in shares of O-I Glass by 25.0% in the 2nd quarter. Levin Capital Strategies L.P. now owns 3,511,413 shares of the industrial products company's stock worth $39,082,000 after acquiring an additional 703,308 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of O-I Glass by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 7,093,723 shares of the industrial products company's stock valued at $78,952,000 after acquiring an additional 573,300 shares in the last quarter. Private Management Group Inc. increased its stake in shares of O-I Glass by 20.8% during the third quarter. Private Management Group Inc. now owns 3,025,731 shares of the industrial products company's stock worth $39,698,000 after acquiring an additional 520,452 shares during the period. Finally, Millennium Management LLC raised its holdings in O-I Glass by 27.5% during the second quarter. Millennium Management LLC now owns 1,965,426 shares of the industrial products company's stock worth $21,875,000 after purchasing an additional 424,102 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Royal Bank of Canada cut their price objective on O-I Glass from $18.00 to $16.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. StockNews.com raised shares of O-I Glass from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. Bank of America raised shares of O-I Glass from a "neutral" rating to a "buy" rating and increased their target price for the company from $14.00 to $16.00 in a report on Thursday, October 17th. Barclays decreased their price target on O-I Glass from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 31st. Finally, Citigroup raised their price objective on O-I Glass from $14.00 to $15.00 and gave the company a "neutral" rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, O-I Glass presently has a consensus rating of "Moderate Buy" and an average target price of $16.25.

O-I Glass Trading Up 1.1 %

Shares of OI stock traded up $0.13 during trading hours on Monday, hitting $12.74. 1,128,100 shares of the company were exchanged, compared to its average volume of 1,667,688. O-I Glass, Inc. has a 1 year low of $10.08 and a 1 year high of $17.58. The firm has a fifty day moving average of $12.69 and a 200 day moving average of $12.20. The firm has a market cap of $1.97 billion, a PE ratio of -4.53 and a beta of 1.20. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 3.18.

O-I Glass (NYSE:OI - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.08). The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.76 billion. O-I Glass had a negative net margin of 6.34% and a positive return on equity of 9.16%. The business's revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 earnings per share. Analysts expect that O-I Glass, Inc. will post 0.76 earnings per share for the current year.

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.