Victory Capital Management Inc. Purchases 50,641 Shares of O-I Glass, Inc. (NYSE:OI)

Victory Capital Management Inc. grew its position in O-I Glass, Inc. (NYSE:OI - Free Report) by 57.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 139,302 shares of the industrial products company's stock after buying an additional 50,641 shares during the period. Victory Capital Management Inc. owned approximately 0.09% of O-I Glass worth $1,510,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in OI. Segall Bryant & Hamill LLC acquired a new position in shares of O-I Glass during the 3rd quarter worth about $32,350,000. Highland Peak Capital LLC bought a new position in shares of O-I Glass during the third quarter worth approximately $27,132,000. Assenagon Asset Management S.A. increased its holdings in shares of O-I Glass by 111.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,401,400 shares of the industrial products company's stock worth $15,191,000 after purchasing an additional 737,123 shares during the period. Portolan Capital Management LLC bought a new position in shares of O-I Glass during the third quarter worth approximately $4,634,000. Finally, Barclays PLC boosted its position in shares of O-I Glass by 349.3% during the 3rd quarter. Barclays PLC now owns 261,161 shares of the industrial products company's stock worth $3,427,000 after acquiring an additional 203,037 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on OI shares. Royal Bank of Canada restated an "outperform" rating and issued a $16.00 target price on shares of O-I Glass in a research report on Monday, March 17th. Wells Fargo & Company lowered their target price on shares of 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. Bank of America lifted their price target on shares of O-I Glass from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Finally, Citigroup decreased their price target on shares of 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. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.38.

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O-I Glass Trading Down 2.2 %

Shares of O-I Glass stock traded down $0.28 during trading on Friday, reaching $11.99. The company's stock had a trading volume of 2,633,614 shares, compared to its average volume of 1,520,319. The company has a market cap of $1.85 billion, a price-to-earnings ratio of -16.88, a PEG ratio of 0.24 and a beta of 1.20. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 3.78. The firm's 50-day moving average is $11.40 and its two-hundred day moving average is $11.87. O-I Glass, Inc. has a 52-week low of $9.85 and a 52-week high of $17.58.

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%. On average, sell-side analysts anticipate that O-I Glass, Inc. will post 1.33 earnings per share for the current year.

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.