Mesirow Institutional Investment Management Inc. Buys Shares of 1,004,136 O-I Glass, Inc. (NYSE:OI)

Mesirow Institutional Investment Management Inc. purchased a new stake in shares of O-I Glass, Inc. (NYSE:OI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,004,136 shares of the industrial products company's stock, valued at approximately $10,885,000. Mesirow Institutional Investment Management Inc. owned 0.65% of O-I Glass as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OI. XTX Topco Ltd bought a new position in O-I Glass in the third quarter worth about $148,000. Barclays PLC increased its holdings in O-I Glass by 349.3% in the 3rd quarter. Barclays PLC now owns 261,161 shares of the industrial products company's stock worth $3,427,000 after buying an additional 203,037 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of O-I Glass by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,568,443 shares of the industrial products company's stock valued at $46,827,000 after acquiring an additional 37,238 shares during the last quarter. Sanctuary Advisors LLC bought a new position in O-I Glass during the third quarter valued at approximately $263,000. Finally, JPMorgan Chase & Co. grew its position in O-I Glass by 18.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 619,643 shares of the industrial products company's stock worth $8,130,000 after purchasing an additional 94,671 shares during the period. 97.24% of the stock is currently owned by institutional investors.

O-I Glass Stock Performance

OI traded down $0.09 during trading on Friday, hitting $11.85. 401,681 shares of the stock were exchanged, compared to its average volume of 1,602,868. O-I Glass, Inc. has a 1-year low of $9.23 and a 1-year high of $15.72. The firm has a market capitalization of $1.83 billion, a P/E ratio of -16.66, a PEG ratio of 0.24 and a beta of 0.98. The stock has a fifty day moving average price of $11.29 and a two-hundred day moving average price of $11.58. 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 (NYSE:OI - Get Free Report) last announced its quarterly earnings results 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 negative net margin of 1.62% and a positive return on equity of 8.27%. As a group, sell-side analysts predict that O-I Glass, Inc. will post 1.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in 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 on the stock in a report on Monday, January 6th. Citigroup lowered their target price on 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. Bank of America increased their price target on O-I Glass from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Truist Financial cut their target price on shares of O-I Glass from $15.00 to $13.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $16.00 price objective on shares of O-I Glass in a research note on Monday, March 17th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $15.00.

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.