O-I Glass, Inc. (NYSE:OI) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in O-I Glass, Inc. (NYSE:OI) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 19,278,718 shares of the industrial products company’s stock after selling 189,229 shares during the quarter. Vanguard Group Inc. owned about 0.12% of O-I Glass worth $208,981,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of OI. KLP Kapitalforvaltning AS purchased a new position in O-I Glass in the fourth quarter worth approximately $353,000. Sei Investments Co. raised its holdings in shares of O-I Glass by 112.8% in the 4th quarter. Sei Investments Co. now owns 93,174 shares of the industrial products company’s stock valued at $1,010,000 after purchasing an additional 49,383 shares in the last quarter. American Century Companies Inc. lifted its position in shares of O-I Glass by 11.9% during the 4th quarter. American Century Companies Inc. now owns 293,814 shares of the industrial products company’s stock worth $3,185,000 after purchasing an additional 31,200 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of O-I Glass during the fourth quarter worth $1,615,000. Finally, Corient Private Wealth LLC grew its stake in shares of O-I Glass by 13.4% during the fourth quarter. Corient Private Wealth LLC now owns 16,544 shares of the industrial products company’s stock worth $179,000 after purchasing an additional 1,954 shares in the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.

O-I Glass Trading Down 6.1 %

NYSE OI opened at $10.53 on Friday. The firm’s fifty day moving average is $11.60 and its two-hundred day moving average is $11.82. O-I Glass, Inc. has a one year low of $9.85 and a one year high of $16.19. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.70 and a current ratio of 1.15. The firm has a market cap of $1.62 billion, a PE ratio of -14.82, a P/E/G ratio of 0.24 and a beta of 0.98.

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wells Fargo & Company decreased their price target on O-I Glass from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and set a $16.00 target price on shares of O-I Glass in a research note on Monday, March 17th. Citigroup dropped 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 note on Monday, January 6th. Finally, Bank of America raised their price objective on shares of O-I Glass from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Three 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, O-I Glass presently has a consensus 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.