IQ EQ FUND MANAGEMENT IRELAND Ltd Has $2.82 Million Position in O-I Glass, Inc. (NYSE:OI)

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its position in shares of O-I Glass, Inc. (NYSE:OI - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 260,109 shares of the industrial products company's stock after selling 36,791 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.17% of O-I Glass worth $2,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in OI. Mitsubishi UFJ Trust & Banking Corp lifted its stake in O-I Glass by 2.2% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 42,900 shares of the industrial products company's stock valued at $465,000 after acquiring an additional 916 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of O-I Glass by 13.4% in the 4th quarter. Corient Private Wealth LLC now owns 16,544 shares of the industrial products company's stock valued at $179,000 after purchasing an additional 1,954 shares during the last quarter. KBC Group NV lifted its stake in shares of O-I Glass by 42.5% in the 4th quarter. KBC Group NV now owns 7,740 shares of the industrial products company's stock valued at $84,000 after purchasing an additional 2,309 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in O-I Glass by 3.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 89,224 shares of the industrial products company's stock worth $967,000 after purchasing an additional 3,207 shares in the last quarter. Finally, Rhumbline Advisers increased its position in O-I Glass by 0.8% during the fourth quarter. Rhumbline Advisers now owns 485,732 shares of the industrial products company's stock worth $5,265,000 after buying an additional 3,980 shares during the last quarter. Institutional investors own 97.24% of the company's stock.

O-I Glass Stock Performance

Shares of NYSE OI traded down $0.15 during mid-day trading on Monday, hitting $11.40. The company had a trading volume of 445,586 shares, compared to its average volume of 1,596,190. O-I Glass, Inc. has a 12 month low of $9.85 and a 12 month high of $17.58. The firm has a market cap of $1.76 billion, a P/E ratio of -16.02, a PEG ratio of 0.24 and a beta of 1.20. The business's 50-day simple moving average is $11.55 and its 200-day simple moving average is $11.85. The company has a debt-to-equity ratio of 3.78, a current ratio of 1.15 and a quick ratio of 0.70.

O-I Glass (NYSE:OI - Get Free Report) last announced 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%. As a group, analysts predict that O-I Glass, Inc. will post 1.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on OI shares. Citigroup decreased their price target on O-I Glass from $12.00 to $11.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Royal Bank of Canada reiterated an "outperform" rating and issued a $16.00 target price on shares of O-I Glass in a research note on Monday, March 17th. Bank of America upped their price target on shares of O-I Glass from $14.00 to $15.00 and gave the company a "buy" rating in a report on Monday, January 6th. Finally, Wells Fargo & Company lowered their price target on O-I Glass from $18.00 to $16.00 and set an "overweight" 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $15.38.

About O-I Glass

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.