Thompson Investment Management Inc. Purchases 24,304 Shares of O-I Glass, Inc. (NYSE:OI)

Thompson Investment Management Inc. boosted its stake in shares of O-I Glass, Inc. (NYSE:OI - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 731,838 shares of the industrial products company's stock after purchasing an additional 24,304 shares during the quarter. O-I Glass makes up 1.1% of Thompson Investment Management Inc.'s investment portfolio, making the stock its 26th biggest holding. Thompson Investment Management Inc. owned approximately 0.47% of O-I Glass worth $7,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings 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 valued at $8,130,000 after purchasing an additional 94,671 shares in the last quarter. Highland Peak Capital LLC acquired a new stake in shares of O-I Glass during the third quarter valued at $27,132,000. Barclays PLC raised its position in shares of O-I Glass by 349.3% in the third quarter. Barclays PLC now owns 261,161 shares of the industrial products company's stock valued at $3,427,000 after buying an additional 203,037 shares during the last quarter. Maverick Capital Ltd. purchased a new position in shares of O-I Glass during the 3rd quarter worth $1,264,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in O-I Glass in the 3rd quarter worth about $32,350,000. 97.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on OI shares. Royal Bank of Canada dropped their target price on shares of O-I Glass from $18.00 to $16.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. StockNews.com upgraded shares of O-I Glass from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Wells Fargo & Company decreased 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. Finally, Bank of America boosted 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. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $15.38.

O-I Glass Trading Down 1.0 %

Shares of OI stock traded down $0.12 during trading hours on Wednesday, reaching $11.52. The company had a trading volume of 903,247 shares, compared to its average volume of 1,467,109. The company has a 50 day moving average of $10.98 and a 200 day moving average of $11.97. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of -16.23, a P/E/G ratio of 0.23 and a beta of 1.22. The company has a debt-to-equity ratio of 3.78, a current ratio of 1.15 and a quick ratio of 0.77. O-I Glass, Inc. has a 1-year low of $9.85 and a 1-year high of $17.58.

O-I Glass (NYSE:OI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported ($0.05) EPS 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%. On average, equities research analysts anticipate that O-I Glass, Inc. will post 1.36 EPS for the current 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.