Lee Danner & Bass Inc. Purchases Shares of 126,145 O-I Glass, Inc. (NYSE:OI)

Lee Danner & Bass Inc. acquired a new position in shares of O-I Glass, Inc. (NYSE:OI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 126,145 shares of the industrial products company's stock, valued at approximately $1,404,000. Lee Danner & Bass Inc. owned approximately 0.08% of O-I Glass at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Thompson Investment Management Inc. raised its stake in shares of O-I Glass by 84.2% in the 1st quarter. Thompson Investment Management Inc. now owns 393,883 shares of the industrial products company's stock valued at $6,535,000 after buying an additional 180,093 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of O-I Glass during the 1st quarter worth about $1,021,000. Duality Advisers LP bought a new position in O-I Glass during the 1st quarter valued at about $1,554,000. Norges Bank acquired a new position in O-I Glass in the fourth quarter valued at about $27,562,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of O-I Glass by 8.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,474,863 shares of the industrial products company's stock worth $24,158,000 after buying an additional 115,728 shares in the last quarter. 97.24% of the stock is currently owned by institutional investors and hedge funds.

O-I Glass Trading Down 0.8 %

Shares of NYSE:OI traded down $0.10 during mid-day trading on Friday, reaching $12.69. The stock had a trading volume of 1,011,607 shares, compared to its average volume of 1,760,388. The firm has a 50 day simple moving average of $11.58 and a two-hundred day simple moving average of $13.56. O-I Glass, Inc. has a twelve month low of $10.08 and a twelve month high of $20.29. The firm has a market cap of $1.98 billion, a PE ratio of -7.98, a price-to-earnings-growth ratio of 1.77 and a beta of 1.24. The company has a current ratio of 1.26, a quick ratio of 0.75 and a debt-to-equity ratio of 2.85.

O-I Glass (NYSE:OI - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $1.73 billion for the quarter, compared to analysts' expectations of $1.77 billion. O-I Glass had a positive return on equity of 15.64% and a negative net margin of 4.32%. O-I Glass's revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 EPS. On average, research analysts predict that O-I Glass, Inc. will post 1.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

OI has been the topic of a number of research analyst reports. Barclays decreased their price target on O-I Glass from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 1st. StockNews.com raised O-I Glass from a "sell" rating to a "hold" rating in a report on Thursday, August 1st. Royal Bank of Canada lowered their price objective on shares of O-I Glass from $20.00 to $18.00 and set an "outperform" rating for the company in a research report on Monday, August 5th. Truist Financial reiterated a "buy" rating and set a $16.00 target price (down from $17.00) on shares of O-I Glass in a research report on Thursday, August 1st. Finally, Robert W. Baird decreased their price target on O-I Glass from $22.00 to $18.00 and set an "outperform" rating on the stock in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, O-I Glass presently has an average rating of "Moderate Buy" and an average target price of $16.89.

Insider Buying and Selling

In other O-I Glass news, Director John Humphrey bought 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average price of $11.30 per share, with a total value of $169,500.00. Following the completion of the transaction, the director now owns 84,227 shares in the company, valued at $951,765.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.49% of the company's stock.

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.

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