Charles Schwab Investment Management Inc. Has $20.04 Million Position in O-I Glass, Inc. (NYSE:OI)

Charles Schwab Investment Management Inc. grew its holdings in O-I Glass, Inc. (NYSE:OI - Free Report) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,848,857 shares of the industrial products company's stock after purchasing an additional 25,719 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.20% of O-I Glass worth $20,042,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd purchased a new stake in shares of O-I Glass in the fourth quarter valued at $45,000. KBC Group NV lifted its holdings in shares of O-I Glass by 38.9% in the third quarter. KBC Group NV now owns 5,431 shares of the industrial products company's stock valued at $71,000 after purchasing an additional 1,521 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of O-I Glass during the third quarter worth $77,000. XTX Topco Ltd purchased a new stake in shares of O-I Glass during the third quarter worth $148,000. Finally, Jones Financial Companies Lllp raised its holdings 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 acquiring an additional 11,009 shares in the last quarter. Hedge funds and other institutional investors own 97.24% of the company's stock.

Analyst Ratings Changes

OI has been the subject of several recent research reports. Wells Fargo & Company cut their price objective on O-I Glass from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Citigroup cut their price objective on O-I Glass from $12.00 to $11.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Bank of America increased their price objective on O-I Glass from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $16.00 price objective on shares of O-I Glass in a report on Monday, March 17th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, O-I Glass has a consensus rating of "Moderate Buy" and a consensus price target of $15.38.

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O-I Glass Stock Down 2.2 %

O-I Glass stock traded down $0.28 during mid-day trading on Friday, hitting $11.99. 2,633,614 shares of the company's stock were exchanged, compared to its average volume of 1,522,670. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 3.78. The stock has a market cap of $1.85 billion, a P/E ratio of -16.88, a P/E/G ratio of 0.24 and a beta of 1.20. O-I Glass, Inc. has a 1-year low of $9.85 and a 1-year high of $17.58. The stock has a 50 day moving average of $11.40 and a two-hundred day moving average of $11.86.

O-I Glass (NYSE:OI - Get Free Report) last posted its earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) EPS for the quarter, topping the consensus estimate 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, analysts anticipate that O-I Glass, Inc. will post 1.33 EPS for the current fiscal year.

O-I Glass Company 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.