Jump Financial LLC Purchases 55,941 Shares of O-I Glass, Inc. (NYSE:OI)

Jump Financial LLC lifted its position in shares of O-I Glass, Inc. (NYSE:OI - Free Report) by 182.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 86,650 shares of the industrial products company's stock after acquiring an additional 55,941 shares during the period. Jump Financial LLC owned approximately 0.06% of O-I Glass worth $939,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd acquired a new position in O-I Glass during the fourth quarter worth about $45,000. Sterling Capital Management LLC increased its position in O-I Glass by 807.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,881 shares of the industrial products company's stock worth $53,000 after purchasing an additional 4,343 shares in the last quarter. KBC Group NV lifted its stake in O-I Glass by 42.5% in 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 acquired a new stake in O-I Glass in the fourth quarter valued at approximately $86,000. Finally, Jones Financial Companies Lllp grew its stake in shares of 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 buying an additional 11,009 shares during the last quarter. Institutional investors own 97.24% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Bank of America raised their price objective on O-I Glass from $14.00 to $15.00 and gave the company a "buy" rating in a report on Monday, January 6th. Citigroup reduced 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. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $16.00 price objective on shares of O-I Glass in a research note on Monday, March 17th. Finally, Wells Fargo & Company reduced their target price on shares of O-I Glass from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $15.38.

O-I Glass Price Performance

OI stock opened at $10.79 on Tuesday. 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 firm has a market cap of $1.67 billion, a price-to-earnings ratio of -15.20, a PEG ratio of 0.24 and a beta of 0.98. The company's fifty day simple moving average is $11.30 and its 200 day simple moving average is $11.58. O-I Glass, Inc. has a 12-month low of $9.23 and a 12-month high of $15.72.

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 (EPS) for the quarter, beating analysts' consensus estimates 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%. On average, analysts expect that O-I Glass, Inc. will post 1.33 earnings per share 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.

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