IPG Investment Advisors LLC Boosts Stock Holdings in O-I Glass, Inc. (NYSE:OI)

IPG Investment Advisors LLC boosted its stake in shares of O-I Glass, Inc. (NYSE:OI - Free Report) by 33.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,840,668 shares of the industrial products company's stock after acquiring an additional 462,040 shares during the period. O-I Glass accounts for about 4.5% of IPG Investment Advisors LLC's portfolio, making the stock its 5th biggest position. IPG Investment Advisors LLC owned about 1.19% of O-I Glass worth $19,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OI. Arrowstreet Capital Limited Partnership boosted its position in shares of O-I Glass by 253.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 197,220 shares of the industrial products company's stock worth $2,138,000 after acquiring an additional 141,474 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of O-I Glass in the 4th quarter valued at $86,000. JPMorgan Chase & Co. increased its stake in shares of O-I Glass by 34.5% in the 4th quarter. JPMorgan Chase & Co. now owns 833,620 shares of the industrial products company's stock valued at $9,036,000 after purchasing an additional 213,977 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of O-I Glass during the 4th quarter worth $192,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of O-I Glass by 2.2% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 42,900 shares of the industrial products company's stock worth $465,000 after buying an additional 916 shares during the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.

O-I Glass Trading Down 2.2 %

NYSE OI traded down $0.26 on Thursday, hitting $11.50. The company's stock had a trading volume of 745,632 shares, compared to its average volume of 1,590,404. The firm has a market cap of $1.77 billion, a PE ratio of -16.20, a PEG ratio of 0.24 and a beta of 0.98. The company's 50-day moving average is $11.61 and its 200 day moving average is $11.84. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 3.78. O-I Glass, Inc. has a 1-year low of $9.85 and a 1-year high of $17.58.

O-I Glass (NYSE:OI - Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, topping 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%. As a group, analysts predict that O-I Glass, Inc. will post 1.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on OI shares. Wells Fargo & Company lowered their target price 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. Bank of America upped their price objective 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. Citigroup cut 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 research report on Monday, January 6th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $16.00 target price on shares of O-I Glass in a research note on Monday, March 17th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.38.

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.