Villanova Investment Management Co LLC Has $1.44 Million Stock Holdings in O-I Glass, Inc. (NYSE:OI)

Villanova Investment Management Co LLC increased its stake in O-I Glass, Inc. (NYSE:OI - Free Report) by 21.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132,373 shares of the industrial products company's stock after purchasing an additional 23,101 shares during the period. Villanova Investment Management Co LLC owned 0.09% of O-I Glass worth $1,435,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of O-I Glass during the fourth quarter worth approximately $45,000. KBC Group NV boosted its position in O-I Glass by 42.5% during the 4th quarter. KBC Group NV now owns 7,740 shares of the industrial products company's stock worth $84,000 after acquiring an additional 2,309 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of O-I Glass in the fourth quarter worth $86,000. XTX Topco Ltd acquired a new position in shares of O-I Glass during the third quarter valued at $148,000. Finally, Jones Financial Companies Lllp raised its stake in shares of O-I Glass by 277.1% during the fourth quarter. Jones Financial Companies Lllp now owns 14,982 shares of the industrial products company's stock valued at $162,000 after purchasing an additional 11,009 shares in the last quarter. 97.24% of the stock is currently owned by institutional investors.

O-I Glass Price Performance

Shares of NYSE:OI traded down $0.69 on Friday, reaching $10.53. 2,942,564 shares of the company traded hands, compared to its average volume of 1,593,462. The stock has a market capitalization of $1.62 billion, a PE ratio of -14.82, a P/E/G ratio of 0.24 and a beta of 0.98. The company has a debt-to-equity ratio of 3.78, a current ratio of 1.15 and a quick ratio of 0.70. The company's 50 day moving average is $11.60 and its 200-day moving average is $11.82. O-I Glass, Inc. has a fifty-two week low of $9.85 and a fifty-two week high of $16.19.

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

Analysts Set New Price Targets

OI has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased 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 report on Monday, January 6th. Citigroup decreased their price objective on shares of O-I Glass from $12.00 to $11.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Bank of America boosted their target price on O-I Glass from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $16.00 price target on shares of O-I Glass in a research note on Monday, March 17th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $15.38.

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.