Leeward Investments LLC MA Sells 47,339 Shares of O-I Glass, Inc. (NYSE:OI)

Leeward Investments LLC MA reduced its holdings in O-I Glass, Inc. (NYSE:OI) by 7.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 608,453 shares of the industrial products company’s stock after selling 47,339 shares during the period. Leeward Investments LLC MA owned approximately 0.39% of O-I Glass worth $6,596,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in O-I Glass by 2.2% in the fourth quarter. Principal Financial Group Inc. now owns 750,006 shares of the industrial products company’s stock valued at $8,130,000 after buying an additional 15,964 shares during the period. Hourglass Capital LLC increased its stake in shares of O-I Glass by 105.6% in the 4th quarter. Hourglass Capital LLC now owns 167,450 shares of the industrial products company’s stock valued at $1,815,000 after acquiring an additional 86,015 shares during the last quarter. Rhumbline Advisers raised its position in shares of O-I Glass by 0.8% in the 4th quarter. Rhumbline Advisers now owns 485,732 shares of the industrial products company’s stock valued at $5,265,000 after acquiring an additional 3,980 shares during the period. Thompson Investment Management Inc. boosted its stake in O-I Glass by 3.4% during the 4th quarter. Thompson Investment Management Inc. now owns 731,838 shares of the industrial products company’s stock worth $7,933,000 after acquiring an additional 24,304 shares during the last quarter. Finally, EMC Capital Management grew its holdings in O-I Glass by 166.1% during the fourth quarter. EMC Capital Management now owns 21,211 shares of the industrial products company’s stock valued at $230,000 after purchasing an additional 13,241 shares during the period. 97.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

OI has been the topic of several analyst reports. Royal Bank of Canada cut their target price on shares of O-I Glass from $18.00 to $16.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Citigroup reduced their target price on O-I Glass from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Barclays decreased their target price on O-I Glass from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. StockNews.com raised O-I Glass from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company decreased their price objective on 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. 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.com, O-I Glass has a consensus rating of “Moderate Buy” and an average target price of $15.38.

O-I Glass Stock Down 4.2 %

OI stock opened at $11.27 on Monday. 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 stock has a market capitalization of $1.74 billion, a P/E ratio of -15.87, a P/E/G ratio of 0.24 and a beta of 1.22. O-I Glass, Inc. has a fifty-two week low of $9.85 and a fifty-two week high of $17.58. The business has a 50-day moving average of $10.96 and a 200-day moving average of $11.96.

O-I Glass (NYSE:OI) last released its quarterly 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 positive return on equity of 8.27% and a negative net margin of 1.62%. On average, sell-side analysts anticipate that O-I Glass, Inc. will post 1.33 earnings per share for the current fiscal year.

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.