Segall Bryant & Hamill LLC purchased a new stake in O-I Glass, Inc. (NYSE:OI - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,465,714 shares of the industrial products company's stock, valued at approximately $32,350,000. Segall Bryant & Hamill LLC owned 1.59% of O-I Glass as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in OI. Harbor Capital Advisors Inc. acquired a new stake in shares of O-I Glass during the 3rd quarter worth approximately $27,000. GAMMA Investing LLC increased its holdings in O-I Glass by 371.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,402 shares of the industrial products company's stock valued at $32,000 after buying an additional 1,892 shares during the period. Newbridge Financial Services Group Inc. raised its stake in shares of O-I Glass by 1,337.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 2,875 shares of the industrial products company's stock valued at $32,000 after buying an additional 2,675 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of O-I Glass by 40.2% during the 1st quarter. Bessemer Group Inc. now owns 4,597 shares of the industrial products company's stock worth $76,000 after acquiring an additional 1,318 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of O-I Glass by 28.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,136 shares of the industrial products company's stock valued at $67,000 after acquiring an additional 1,136 shares in the last quarter. Institutional investors own 97.24% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. StockNews.com upgraded O-I Glass from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Robert W. Baird decreased their price objective on shares of O-I Glass from $22.00 to $18.00 and set an "outperform" rating on the stock in a report on Thursday, August 1st. Truist Financial reaffirmed a "buy" rating and issued a $16.00 target price (down from $17.00) on shares of O-I Glass in a research note on Thursday, August 1st. Barclays decreased their price target on shares of O-I Glass from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 31st. Finally, Citigroup boosted their price objective on shares of O-I Glass from $14.00 to $15.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $16.25.
Check Out Our Latest Report on OI
O-I Glass Trading Up 0.3 %
Shares of OI stock traded up $0.04 on Wednesday, hitting $12.20. The stock had a trading volume of 314,942 shares, compared to its average volume of 1,681,918. The company has a fifty day moving average price of $12.68 and a two-hundred day moving average price of $12.24. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 3.18. The firm has a market cap of $1.89 billion, a P/E ratio of -4.40 and a beta of 1.20. O-I Glass, Inc. has a twelve month low of $10.08 and a twelve month high of $17.58.
O-I Glass (NYSE:OI - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.08). O-I Glass had a positive return on equity of 9.16% and a negative net margin of 6.34%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the business earned $0.80 EPS. The company's revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, analysts forecast that O-I Glass, Inc. will post 0.76 earnings per share for the current fiscal year.
O-I Glass Company Profile
(
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.
Featured Stories
Before you consider O-I Glass, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and O-I Glass wasn't on the list.
While O-I Glass currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
