Tower Research Capital LLC TRC Sells 16,453 Shares of O-I Glass, Inc. (NYSE:OI)

Tower Research Capital LLC TRC cut its stake in O-I Glass, Inc. (NYSE:OI) by 67.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,785 shares of the industrial products company’s stock after selling 16,453 shares during the period. Tower Research Capital LLC TRC’s holdings in O-I Glass were worth $84,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cooper Creek Partners Management LLC increased its position in O-I Glass by 18.2% in the fourth quarter. Cooper Creek Partners Management LLC now owns 11,082,262 shares of the industrial products company’s stock worth $120,132,000 after purchasing an additional 1,705,216 shares during the last quarter. FMR LLC lifted its position in O-I Glass by 6.9% in the fourth quarter. FMR LLC now owns 10,054,398 shares of the industrial products company’s stock worth $108,990,000 after buying an additional 647,237 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in O-I Glass by 9.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,449,472 shares of the industrial products company’s stock worth $80,749,000 after buying an additional 617,460 shares during the period. Highland Peak Capital LLC increased its position in O-I Glass by 87.5% during 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 acquiring an additional 1,809,237 shares during the last quarter. Finally, Segall Bryant & Hamill LLC grew its holdings in 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 valued at $35,151,000 after purchasing an additional 777,036 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.

O-I Glass Trading Up 2.6 %

Shares of O-I Glass stock opened at $13.43 on Friday. The firm has a fifty day moving average price of $11.62 and a 200 day moving average price of $11.55. The stock has a market cap of $2.08 billion, a PE ratio of -18.92, a price-to-earnings-growth ratio of 0.24 and a beta of 0.93. O-I Glass, Inc. has a 1 year low of $9.23 and a 1 year high of $14.15. The company has a debt-to-equity ratio of 3.78, a current ratio of 1.15 and a quick ratio of 0.70.

O-I Glass (NYSE:OI) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.18 by $0.22. O-I Glass had a positive return on equity of 8.27% and a negative net margin of 1.62%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the firm posted $0.45 EPS. The business’s quarterly revenue was up .4% compared to the same quarter last year. Equities research analysts predict that O-I Glass, Inc. will post 1.33 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on OI shares. Barclays lifted their price objective on shares of O-I Glass from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $16.00 price objective on shares of O-I Glass in a research note on Monday, March 17th. Truist Financial reiterated a “buy” rating and issued a $16.00 price target (up from $13.00) on shares of O-I Glass in a report on Thursday, May 1st. Finally, Citigroup raised their price objective on O-I Glass from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Friday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.88.

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.