tru Independence LLC Has $3.89 Million Stock Position in O-I Glass, Inc. (NYSE:OI)

tru Independence LLC boosted its stake in shares of O-I Glass, Inc. (NYSE:OI) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 349,898 shares of the industrial products company’s stock after buying an additional 7,635 shares during the quarter. tru Independence LLC owned approximately 0.23% of O-I Glass worth $3,894,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Fidelis Capital Partners LLC bought a new position in O-I Glass in the 1st quarter valued at about $33,000. TFO Wealth Partners LLC raised its stake in O-I Glass by 24,311.1% in the fourth quarter. TFO Wealth Partners LLC now owns 2,197 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 2,188 shares in the last quarter. FinTrust Capital Advisors LLC bought a new stake in O-I Glass during the first quarter worth about $38,000. Headlands Technologies LLC purchased a new stake in shares of O-I Glass in the 1st quarter valued at $39,000. Finally, Bessemer Group Inc. grew its position in 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 last quarter. 97.24% of the stock is owned by institutional investors.

O-I Glass Trading Up 1.1 %

Shares of NYSE OI opened at $12.47 on Friday. The company has a market cap of $1.94 billion, a PE ratio of -7.84, a P/E/G ratio of 1.83 and a beta of 1.17. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.75 and a current ratio of 1.26. The firm’s 50 day moving average price is $11.72 and its 200-day moving average price is $13.40. O-I Glass, Inc. has a 52-week low of $10.08 and a 52-week high of $19.33.

O-I Glass (NYSE:OI) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. O-I Glass had a positive return on equity of 15.64% and a negative net margin of 4.32%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the firm earned $0.88 EPS. O-I Glass’s revenue was down 8.5% on a year-over-year basis. On average, equities research analysts expect that O-I Glass, Inc. will post 1.13 EPS for the current fiscal year.

Insider Buying and Selling at O-I Glass

In other O-I Glass news, Director John Humphrey purchased 15,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average price of $11.30 per share, for a total transaction of $169,500.00. Following the purchase, the director now directly owns 84,227 shares of the company’s stock, valued at approximately $951,765.10. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.49% of the company’s stock.

Analyst Upgrades and Downgrades

OI has been the topic of a number of research analyst reports. UBS Group reduced their price target on O-I Glass from $26.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Citigroup decreased their price target on shares of O-I Glass from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, July 8th. Royal Bank of Canada reduced their target price on O-I Glass from $20.00 to $18.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. StockNews.com raised O-I Glass from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Robert W. Baird dropped their price target on O-I Glass from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.89.

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.