O-I Glass, Inc. (NYSE:OI) Shares Bought by EMC Capital Management

EMC Capital Management grew its position in shares of O-I Glass, Inc. (NYSE:OI) by 166.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 21,211 shares of the industrial products company’s stock after purchasing an additional 13,241 shares during the quarter. EMC Capital Management’s holdings in O-I Glass were worth $230,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Everence Capital Management Inc. lifted its position in O-I Glass by 6.1% in the 3rd quarter. Everence Capital Management Inc. now owns 15,550 shares of the industrial products company’s stock worth $204,000 after buying an additional 890 shares in the last quarter. Diversified Trust Co lifted its position in shares of O-I Glass by 2.0% during the 3rd quarter. Diversified Trust Co now owns 49,596 shares of the industrial products company’s stock worth $651,000 after purchasing an additional 965 shares during the last quarter. Nisa Investment Advisors LLC increased its position in O-I Glass by 28.4% during the third quarter. Nisa Investment Advisors LLC now owns 5,136 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 1,136 shares during the period. Mackenzie Financial Corp raised its position in shares of O-I Glass by 6.1% during the second quarter. Mackenzie Financial Corp now owns 20,091 shares of the industrial products company’s stock valued at $224,000 after buying an additional 1,162 shares during the last quarter. Finally, KBC Group NV raised its holdings in O-I Glass by 38.9% in the 3rd quarter. KBC Group NV now owns 5,431 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 1,521 shares in the last quarter. Institutional investors own 97.24% of the company’s stock.

Analysts Set New Price Targets

OI has been the subject of several research reports. Bank of America lifted their target price on O-I Glass from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Barclays dropped their price objective on 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. Citigroup dropped 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. Royal Bank of Canada lowered their target price on O-I Glass from $18.00 to $16.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, StockNews.com raised shares of O-I Glass from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $15.38.

O-I Glass Stock Up 2.8 %

Shares of OI opened at $11.89 on Friday. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.77 and a current ratio of 1.23. O-I Glass, Inc. has a 1 year low of $9.85 and a 1 year high of $17.58. The business has a 50-day moving average of $11.16 and a 200-day moving average of $11.95.

O-I Glass (NYSE:OI) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.08). The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.76 billion. O-I Glass had a negative net margin of 6.34% and a positive return on equity of 9.16%. O-I Glass’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 EPS. Equities research analysts anticipate that O-I Glass, Inc. will post 0.75 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.