O-I Glass, Inc. (NYSE:OI) Shares Acquired by Highland Peak Capital LLC

Highland Peak Capital LLC lifted its position in shares of O-I Glass, Inc. (NYSE:OI - Free Report) by 87.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,877,259 shares of the industrial products company's stock after acquiring an additional 1,809,237 shares during the period. O-I Glass comprises approximately 23.0% of Highland Peak Capital LLC's holdings, making the stock its largest holding. Highland Peak Capital LLC owned about 2.51% of O-I Glass worth $42,029,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in OI. R Squared Ltd acquired a new position in O-I Glass in the fourth quarter valued at approximately $45,000. KBC Group NV lifted its holdings in shares of O-I Glass by 38.9% in the 3rd quarter. KBC Group NV now owns 5,431 shares of the industrial products company's stock worth $71,000 after purchasing an additional 1,521 shares during the last quarter. Quest Partners LLC bought a new stake in shares of O-I Glass in the 3rd quarter worth approximately $77,000. XTX Topco Ltd bought a new position in O-I Glass during the 3rd quarter worth $148,000. Finally, Jones Financial Companies Lllp increased its position in O-I Glass by 277.1% in the fourth quarter. Jones Financial Companies Lllp now owns 14,982 shares of the industrial products company's stock worth $162,000 after buying an additional 11,009 shares during the period. 97.24% of the stock is currently owned by institutional investors.

O-I Glass Price Performance

NYSE:OI traded down $0.48 during midday trading on Thursday, hitting $11.18. 1,952,063 shares of the stock were exchanged, compared to its average volume of 1,467,026. The business has a 50-day moving average price of $11.21 and a two-hundred day moving average price of $11.90. 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 company has a market capitalization of $1.72 billion, a price-to-earnings ratio of -15.74, a P/E/G ratio of 0.24 and a beta of 1.20. O-I Glass, Inc. has a one year low of $9.85 and a one year high of $17.58.

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O-I Glass (NYSE:OI - Get Free Report) last posted 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 positive return on equity of 8.27% and a negative net margin of 1.62%. Sell-side analysts predict that O-I Glass, Inc. will post 1.33 EPS for the current year.

Analysts Set New Price Targets

OI has been the subject of several recent research reports. Wells Fargo & Company lowered their price target on shares of O-I Glass from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. 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 research report on Monday, January 6th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $15.38.

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.