O-I Glass, Inc. (NYSE:OI) Shares Sold by Huber Capital Management LLC

Huber Capital Management LLC lowered its position in O-I Glass, Inc. (NYSE:OI) by 13.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 203,415 shares of the industrial products company’s stock after selling 31,000 shares during the period. Huber Capital Management LLC owned 0.13% of O-I Glass worth $2,205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Highland Peak Capital LLC increased its holdings in shares of O-I Glass by 87.5% in the fourth 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 during the last quarter. Segall Bryant & Hamill LLC grew its holdings in O-I Glass by 31.5% in the 4th quarter. Segall Bryant & Hamill LLC now owns 3,242,750 shares of the industrial products company’s stock valued at $35,151,000 after buying an additional 777,036 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of 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 worth $15,191,000 after acquiring an additional 737,123 shares during the last quarter. IPG Investment Advisors LLC raised its holdings in shares of O-I Glass by 33.5% during the 4th quarter. IPG Investment Advisors LLC now owns 1,840,668 shares of the industrial products company’s stock worth $19,953,000 after acquiring an additional 462,040 shares during the period. Finally, Portolan Capital Management LLC purchased a new position in shares of O-I Glass during the 3rd quarter worth $4,634,000. Institutional investors and hedge funds own 97.24% of the company’s stock.

O-I Glass Stock Performance

NYSE OI opened at $11.80 on Thursday. 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 company has a market cap of $1.82 billion, a P/E ratio of -16.62, a P/E/G ratio of 0.24 and a beta of 1.20. The stock has a 50-day moving average of $11.61 and a two-hundred day moving average of $11.84. O-I Glass, Inc. has a 1-year low of $9.85 and a 1-year high of $17.58.

O-I Glass (NYSE:OI) last announced 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 negative net margin of 1.62% and a positive return on equity of 8.27%. As a group, analysts anticipate that O-I Glass, Inc. will post 1.33 EPS for the current year.

Analyst Ratings Changes

OI has been the subject of several recent analyst reports. Wells Fargo & Company cut their price objective on shares of 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. Citigroup reduced their price target on shares of O-I Glass from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $16.00 price objective on shares of O-I Glass in a report on Monday, March 17th. Finally, Bank of America raised their target price on O-I Glass from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.38.

O-I Glass Company 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.