Markel Group Inc. Acquires 10,000 Shares of O-I Glass, Inc. (NYSE:OI)

Markel Group Inc. grew its holdings in shares of O-I Glass, Inc. (NYSE:OI) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 824,100 shares of the industrial products company’s stock after buying an additional 10,000 shares during the quarter. Markel Group Inc. owned approximately 0.53% of O-I Glass worth $8,933,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Highland Peak Capital LLC lifted its position in O-I Glass by 87.5% during the 4th quarter. Highland Peak Capital LLC now owns 3,877,259 shares of the industrial products company’s stock worth $42,029,000 after buying an additional 1,809,237 shares in the last quarter. Johnson Investment Counsel Inc. increased its stake in shares of O-I Glass by 21.9% during the 4th quarter. Johnson Investment Counsel Inc. now owns 26,976 shares of the industrial products company’s stock worth $292,000 after purchasing an additional 4,849 shares during the last quarter. Amundi increased its stake in shares of O-I Glass by 212.9% during the 4th quarter. Amundi now owns 95,302 shares of the industrial products company’s stock worth $996,000 after purchasing an additional 64,844 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of O-I Glass by 57.1% during the 4th quarter. Victory Capital Management Inc. now owns 139,302 shares of the industrial products company’s stock worth $1,510,000 after purchasing an additional 50,641 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of O-I Glass by 1.4% during 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 purchasing an additional 25,719 shares during the last quarter. 97.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of O-I Glass from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Wells Fargo & Company lowered their price objective on shares of 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. Citigroup lowered their price objective on shares of O-I Glass from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, StockNews.com upgraded shares of O-I Glass from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.38.

O-I Glass Stock Down 4.0 %

Shares of OI opened at $11.34 on Tuesday. O-I Glass, Inc. has a 52 week low of $9.85 and a 52 week high of $17.58. The firm has a market cap of $1.75 billion, a P/E ratio of -15.97, a price-to-earnings-growth ratio of 0.24 and a beta of 1.20. The firm’s 50-day simple moving average is $11.17 and its 200 day simple moving average is $11.92. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.70 and a current ratio of 1.15.

O-I Glass (NYSE:OI) last announced its earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. On average, analysts forecast that O-I Glass, Inc. will post 1.33 earnings per share for the current 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.