O-I Glass, Inc. (NYSE:OI) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its stake in shares of O-I Glass, Inc. (NYSE:OI) by 12.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 260,109 shares of the industrial products company’s stock after selling 36,791 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned about 0.17% of O-I Glass worth $2,820,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Highland Peak Capital LLC increased its stake in O-I Glass by 87.5% in the 4th quarter. Highland Peak Capital LLC now owns 3,877,259 shares of the industrial products company’s stock valued at $42,029,000 after purchasing an additional 1,809,237 shares in the last quarter. Geode Capital Management LLC increased its position in shares of O-I Glass by 1.1% in the third quarter. Geode Capital Management LLC now owns 3,568,443 shares of the industrial products company’s stock valued at $46,827,000 after buying an additional 37,238 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in shares of O-I Glass by 31.5% during the 4th quarter. Segall Bryant & Hamill LLC now owns 3,242,750 shares of the industrial products company’s stock worth $35,151,000 after buying an additional 777,036 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of O-I Glass by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,848,857 shares of the industrial products company’s stock worth $20,042,000 after buying an additional 25,719 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in O-I Glass by 111.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,401,400 shares of the industrial products company’s stock valued at $15,191,000 after acquiring an additional 737,123 shares during the last quarter. 97.24% of the stock is currently owned by institutional investors and hedge funds.

O-I Glass Trading Up 1.1 %

Shares of O-I Glass stock opened at $11.99 on Thursday. The firm has a market cap of $1.85 billion, a PE ratio of -16.88, a P/E/G ratio of 0.24 and a beta of 1.20. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 3.78. O-I Glass, Inc. has a fifty-two week low of $9.85 and a fifty-two week high of $17.58. The business’s fifty day moving average is $11.46 and its two-hundred day moving average is $11.85.

O-I Glass (NYSE:OI) last released its earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share for the quarter, topping 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%. Analysts anticipate that O-I Glass, Inc. will post 1.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on OI shares. Royal Bank of Canada restated an “outperform” rating and set a $16.00 target price on shares of O-I Glass in a research report on Monday, March 17th. Bank of America lifted their price objective on O-I Glass from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Wells Fargo & Company lowered their target price on O-I Glass from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, Citigroup cut their price target on O-I Glass from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.38.

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.