Covalis Capital LLP grew its holdings in shares of O-I Glass, Inc. (NYSE:OI - Free Report) by 40.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 626,894 shares of the industrial products company's stock after purchasing an additional 181,559 shares during the period. Covalis Capital LLP owned approximately 0.41% of O-I Glass worth $6,796,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of OI. Dimensional Fund Advisors LP raised its stake in shares of O-I Glass by 9.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,449,472 shares of the industrial products company's stock worth $80,749,000 after buying an additional 617,460 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of O-I Glass by 640.0% during the fourth quarter. Marshall Wace LLP now owns 442,608 shares of the industrial products company's stock worth $4,798,000 after purchasing an additional 382,798 shares during the last quarter. Jump Financial LLC boosted its stake in O-I Glass by 182.2% in the 4th quarter. Jump Financial LLC now owns 86,650 shares of the industrial products company's stock worth $939,000 after buying an additional 55,941 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in shares of O-I Glass by 9.9% during the 4th quarter. Guggenheim Capital LLC now owns 22,777 shares of the industrial products company's stock worth $247,000 after acquiring an additional 2,044 shares during the period. Finally, Barclays PLC boosted its holdings in O-I Glass by 4.3% in the fourth quarter. Barclays PLC now owns 272,427 shares of the industrial products company's stock valued at $2,954,000 after acquiring an additional 11,266 shares during the last quarter. Institutional investors and hedge funds own 97.24% of the company's stock.
O-I Glass Stock Performance
Shares of OI traded up $0.56 during mid-day trading on Tuesday, reaching $11.34. 1,273,406 shares of the company's stock traded hands, compared to its average volume of 1,603,093. O-I Glass, Inc. has a 12 month low of $9.23 and a 12 month high of $15.72. The business's 50-day moving average price is $11.30 and its 200-day moving average price is $11.58. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.70 and a current ratio of 1.15. The stock has a market capitalization of $1.75 billion, a P/E ratio of -15.96, a price-to-earnings-growth ratio of 0.24 and a beta of 0.98.
O-I Glass (NYSE:OI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. O-I Glass had a positive return on equity of 8.27% and a negative net margin of 1.62%. Equities analysts predict that O-I Glass, Inc. will post 1.33 earnings per share for the current year.
Wall Street Analysts Forecast Growth
OI has been the topic of a number of research reports. Citigroup cut their target price on shares of O-I Glass from $12.00 to $11.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $16.00 target price on shares of O-I Glass in a research report on Monday, March 17th. Truist Financial decreased their price target on O-I Glass from $15.00 to $13.00 and set a "buy" rating for the company in a research note on Tuesday. Bank of America raised their price target on shares of O-I Glass from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company decreased their target price on O-I Glass from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.00.
View Our Latest Stock Analysis on OI
About O-I Glass
(
Free Report)
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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