XTX Topco Ltd Buys Shares of 48,330 O-I Glass, Inc. (NYSE:OI)

XTX Topco Ltd bought a new stake in shares of O-I Glass, Inc. (NYSE:OI) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 48,330 shares of the industrial products company’s stock, valued at approximately $554,000.

Several other institutional investors have also added to or reduced their stakes in OI. Principal Financial Group Inc. boosted its stake in shares of O-I Glass by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 767,260 shares of the industrial products company’s stock worth $8,800,000 after buying an additional 17,254 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of O-I Glass by 117.7% in the 1st quarter. SG Americas Securities LLC now owns 45,766 shares of the industrial products company’s stock worth $525,000 after buying an additional 24,743 shares during the last quarter. Northern Trust Corp boosted its stake in shares of O-I Glass by 8.5% in the 4th quarter. Northern Trust Corp now owns 1,738,277 shares of the industrial products company’s stock worth $18,843,000 after buying an additional 135,989 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of O-I Glass by 79.3% in the 1st quarter. GAMMA Investing LLC now owns 2,583 shares of the industrial products company’s stock worth $30,000 after buying an additional 1,142 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of O-I Glass in the 4th quarter worth $1,199,000. 97.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on OI shares. Citigroup raised their target price on O-I Glass from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, July 3rd. Barclays raised their target price on O-I Glass from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Wall Street Zen raised O-I Glass from a “hold” rating to a “buy” rating in a report on Sunday, June 29th. Bank of America reissued a “neutral” rating and set a $17.00 price target (up from $15.00) on shares of O-I Glass in a report on Wednesday, July 9th. Finally, BNP Paribas Exane began coverage on O-I Glass in a report on Wednesday, June 25th. They set an “outperform” rating and a $18.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.00.

O-I Glass Stock Down 0.3%

Shares of NYSE:OI opened at $12.97 on Thursday. O-I Glass, Inc. has a 1 year low of $9.23 and a 1 year high of $16.04. The business has a 50 day simple moving average of $14.23 and a two-hundred day simple moving average of $12.64. The firm has a market capitalization of $2.00 billion, a PE ratio of -7.86, a price-to-earnings-growth ratio of 0.25 and a beta of 0.92. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.24 and a quick ratio of 0.77.

O-I Glass (NYSE:OI) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.12. O-I Glass had a negative net margin of 3.95% and a positive return on equity of 13.70%. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The company’s revenue was down 1.3% on a year-over-year basis. On average, equities analysts predict that O-I Glass, Inc. will post 1.33 EPS for the current 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.