Segall Bryant & Hamill LLC Buys 777,036 Shares of O-I Glass, Inc. (NYSE:OI)

Segall Bryant & Hamill LLC raised its stake in shares of O-I Glass, Inc. (NYSE:OI - Free Report) by 31.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,242,750 shares of the industrial products company's stock after buying an additional 777,036 shares during the quarter. Segall Bryant & Hamill LLC owned about 2.10% of O-I Glass worth $35,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in O-I Glass by 18.0% during the third quarter. JPMorgan Chase & Co. now owns 619,643 shares of the industrial products company's stock valued at $8,130,000 after acquiring an additional 94,671 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of O-I Glass by 57.1% in the fourth quarter. Victory Capital Management Inc. now owns 139,302 shares of the industrial products company's stock worth $1,510,000 after purchasing an additional 50,641 shares during the last quarter. Barclays PLC lifted its position in shares of O-I Glass by 349.3% in the third quarter. Barclays PLC now owns 261,161 shares of the industrial products company's stock worth $3,427,000 after buying an additional 203,037 shares in the last quarter. Maverick Capital Ltd. bought a new position in O-I Glass during the third quarter valued at approximately $1,264,000. Finally, Amundi grew its holdings in O-I Glass by 212.9% during the 4th quarter. Amundi now owns 95,302 shares of the industrial products company's stock valued at $996,000 after buying an additional 64,844 shares in the last quarter. Institutional investors own 97.24% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have recently issued reports on OI. Royal Bank of Canada reaffirmed an "outperform" rating and set a $16.00 price objective on shares of O-I Glass in a report on Monday, March 17th. Bank of America boosted 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. Wells Fargo & Company lowered their price objective 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. Finally, Citigroup reduced 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 report on Monday, January 6th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.38.

O-I Glass Trading Down 4.0 %

NYSE OI traded down $0.48 on Friday, hitting $11.54. 1,534,640 shares of the stock were exchanged, compared to its average volume of 1,600,716. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.70 and a current ratio of 1.15. O-I Glass, Inc. has a 52-week low of $9.85 and a 52-week high of $17.58. The firm has a market capitalization of $1.78 billion, a P/E ratio of -16.25, a P/E/G ratio of 0.24 and a beta of 1.20. The stock has a fifty day moving average price of $11.55 and a two-hundred day moving average price of $11.85.

O-I Glass (NYSE:OI - Get Free Report) last released its quarterly earnings results 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 negative net margin of 1.62% and a positive return on equity of 8.27%. Research analysts forecast that O-I Glass, Inc. will post 1.33 EPS for the current fiscal 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.