Moody National Bank Trust Division Buys 27,159 Shares of O-I Glass, Inc. (NYSE:OI)

Moody National Bank Trust Division increased its stake in O-I Glass, Inc. (NYSE:OI) by 35.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 103,343 shares of the industrial products company’s stock after purchasing an additional 27,159 shares during the quarter. Moody National Bank Trust Division owned about 0.07% of O-I Glass worth $1,120,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new position in O-I Glass during the 3rd quarter valued at about $27,000. Newbridge Financial Services Group Inc. lifted its holdings in shares of O-I Glass by 1,337.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 2,875 shares of the industrial products company’s stock worth $32,000 after buying an additional 2,675 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of O-I Glass by 371.0% in the third quarter. GAMMA Investing LLC now owns 2,402 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 1,892 shares during the period. Nisa Investment Advisors LLC grew its stake 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 valued at $67,000 after acquiring an additional 1,136 shares in the last quarter. Finally, KBC Group NV increased its holdings in O-I Glass by 38.9% during the 3rd quarter. KBC Group NV now owns 5,431 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 1,521 shares during the period. 97.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several 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 report on Monday, January 6th. Royal Bank of Canada dropped their price objective on O-I Glass from $18.00 to $16.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company decreased their target price on O-I Glass from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. StockNews.com upgraded O-I Glass from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Barclays decreased their price objective on shares of O-I Glass from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $15.38.

O-I Glass Trading Up 0.6 %

OI stock opened at $10.23 on Tuesday. The company has a market capitalization of $1.58 billion, a PE ratio of -3.71 and a beta of 1.21. 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 one year low of $9.85 and a one year high of $17.58. The company’s 50 day moving average price is $11.63 and its two-hundred day moving average price is $11.95.

O-I Glass (NYSE:OI) last issued its earnings results on Tuesday, October 29th. The industrial products company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.08). O-I Glass had a positive return on equity of 9.16% and a negative net margin of 6.34%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the previous year, the business earned $0.80 EPS. O-I Glass’s revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, analysts predict that O-I Glass, Inc. will post 0.76 earnings per share 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.