Marshall Wace LLP Has $4.80 Million Stock Position in O-I Glass, Inc. (NYSE:OI)

Marshall Wace LLP raised its stake in O-I Glass, Inc. (NYSE:OI - Free Report) by 640.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 442,608 shares of the industrial products company's stock after purchasing an additional 382,798 shares during the period. Marshall Wace LLP owned approximately 0.29% of O-I Glass worth $4,798,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of OI. Highland Peak Capital LLC lifted its position in O-I Glass by 87.5% in the fourth quarter. Highland Peak Capital LLC now owns 3,877,259 shares of the industrial products company's stock worth $42,029,000 after purchasing an additional 1,809,237 shares during the period. Cooper Creek Partners Management LLC lifted its holdings in shares of O-I Glass by 18.2% during the 4th quarter. Cooper Creek Partners Management LLC now owns 11,082,262 shares of the industrial products company's stock worth $120,132,000 after acquiring an additional 1,705,216 shares during the period. Segall Bryant & Hamill LLC boosted its position in shares of O-I Glass by 31.5% during the 4th quarter. Segall Bryant & Hamill LLC now owns 3,242,750 shares of the industrial products company's stock valued at $35,151,000 after acquiring an additional 777,036 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of O-I Glass by 111.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,401,400 shares of the industrial products company's stock valued at $15,191,000 after acquiring an additional 737,123 shares in the last quarter. Finally, FMR LLC increased its stake in O-I Glass by 6.9% in the fourth quarter. FMR LLC now owns 10,054,398 shares of the industrial products company's stock valued at $108,990,000 after acquiring an additional 647,237 shares during the period. 97.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on OI shares. Citigroup decreased their price objective 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. Wells Fargo & Company decreased their price target on 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. Royal Bank of Canada reiterated an "outperform" rating and set a $16.00 price objective on shares of O-I Glass in a research note on Monday, March 17th. Truist Financial cut their price objective on O-I Glass from $15.00 to $13.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Bank of America upped their target price on shares of O-I Glass from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $15.00.

O-I Glass Price Performance

Shares of O-I Glass stock traded up $0.03 during trading on Monday, reaching $11.96. The company's stock had a trading volume of 1,010,180 shares, compared to its average volume of 1,608,469. The stock has a 50-day moving average price of $11.30 and a two-hundred day moving average price of $11.54. The stock has a market capitalization of $1.85 billion, a P/E ratio of -16.85, a price-to-earnings-growth ratio of 0.24 and a beta of 0.98. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 3.78. O-I Glass, Inc. has a one year low of $9.23 and a one year high of $15.72.

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 for the quarter, topping 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 anticipate that O-I Glass, Inc. will post 1.33 EPS for the current fiscal 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.