O-I Glass, Inc. (NYSE:OI) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its holdings in shares of O-I Glass, Inc. (NYSE:OI) by 277.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,982 shares of the industrial products company’s stock after acquiring an additional 11,009 shares during the period. Jones Financial Companies Lllp’s holdings in O-I Glass were worth $162,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OI. Segall Bryant & Hamill LLC purchased a new stake in O-I Glass during the third quarter worth $32,350,000. Highland Peak Capital LLC purchased a new stake in O-I Glass during the third quarter worth $27,132,000. Assenagon Asset Management S.A. boosted its position in O-I Glass by 111.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,401,400 shares of the industrial products company’s stock worth $15,191,000 after purchasing an additional 737,123 shares in the last quarter. Portolan Capital Management LLC purchased a new stake in O-I Glass during the third quarter worth $4,634,000. Finally, Barclays PLC boosted its position in O-I Glass by 349.3% during the third quarter. Barclays PLC now owns 261,161 shares of the industrial products company’s stock worth $3,427,000 after purchasing an additional 203,037 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on OI shares. Bank of America boosted their target price 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 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 report on Monday, January 6th. Finally, Citigroup decreased their target price on 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. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.38.

O-I Glass Stock Up 4.1 %

Shares of NYSE:OI opened at $11.64 on Friday. 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 52-week low of $9.85 and a 52-week high of $17.58. The stock’s fifty day simple moving average is $11.22 and its 200-day simple moving average is $11.90. The company has a market capitalization of $1.79 billion, a P/E ratio of -16.39, a P/E/G ratio of 0.24 and a beta of 1.20.

O-I Glass (NYSE:OI) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts forecast 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.