Sei Investments Co. Acquires 49,383 Shares of O-I Glass, Inc. (NYSE:OI)

Sei Investments Co. increased its stake in shares of O-I Glass, Inc. (NYSE:OI - Free Report) by 112.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,174 shares of the industrial products company's stock after acquiring an additional 49,383 shares during the quarter. Sei Investments Co. owned about 0.06% of O-I Glass worth $1,010,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. R Squared Ltd bought a new stake in shares of O-I Glass during the fourth quarter valued at approximately $45,000. KBC Group NV increased its holdings in 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 buying an additional 2,309 shares during the period. XTX Topco Ltd bought a new position in shares of O-I Glass during the 3rd quarter worth about $148,000. Jones Financial Companies Lllp boosted its position in shares of O-I Glass by 277.1% during the 4th quarter. Jones Financial Companies Lllp now owns 14,982 shares of the industrial products company's stock valued at $162,000 after acquiring an additional 11,009 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its position in shares of O-I Glass by 13.4% during the 4th quarter. Corient Private Wealth LLC now owns 16,544 shares of the industrial products company's stock valued at $179,000 after acquiring an additional 1,954 shares in the last quarter. 97.24% of the stock is currently owned by institutional investors and hedge funds.

O-I Glass Price Performance

O-I Glass stock traded up $0.36 on Friday, reaching $10.63. The company's stock had a trading volume of 1,338,242 shares, compared to its average volume of 1,610,605. O-I Glass, Inc. has a twelve month low of $9.23 and a twelve month high of $15.91. The company has a market cap of $1.64 billion, a price-to-earnings ratio of -14.97, a PEG ratio of 0.24 and a beta of 0.98. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.70 and a current ratio of 1.15. The business's fifty day moving average price is $11.39 and its 200 day moving average price is $11.68.

O-I Glass (NYSE:OI - Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share 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%. Equities analysts expect that O-I Glass, Inc. will post 1.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on OI. Citigroup cut 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. Bank of America raised their target price 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. 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. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $16.00 price objective on shares of O-I Glass in a research note on Monday, March 17th. 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, the company 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.