Libbey Inc. (NYSEAMERICAN:LBY) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 517,441 shares, a drop of 0.7% from the October 13th total of 521,146 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average daily volume of 207,409 shares, the days-to-cover ratio is presently 2.5 days.
LBY has been the subject of a number of research analyst reports. Zacks Investment Research cut Libbey from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. TheStreet cut Libbey from a “c-” rating to a “d” rating in a research note on Tuesday, October 31st.
Libbey (NYSEAMERICAN:LBY) opened at $6.68 on Thursday. Libbey has a one year low of $6.12 and a one year high of $20.76.
Libbey (NYSEAMERICAN:LBY) last posted its quarterly earnings data on Tuesday, October 31st. The company reported ($3.57) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($3.88). Libbey had a negative net margin of 0.42% and a negative return on equity of 2.32%. The company had revenue of $187.30 million for the quarter, compared to the consensus estimate of $193.74 million. During the same period last year, the business earned $0.13 EPS. The firm’s quarterly revenue was down 4.9% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Tuesday, November 7th will be given a dividend of $0.117 per share. This represents a $0.47 dividend on an annualized basis and a yield of 7.01%. The ex-dividend date of this dividend is Monday, November 6th. This is a positive change from Libbey’s previous quarterly dividend of $0.12. Libbey’s dividend payout ratio (DPR) is -11.72%.
A number of hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System increased its position in Libbey by 24.7% during the 3rd quarter. California Public Employees Retirement System now owns 124,726 shares of the company’s stock valued at $1,155,000 after buying an additional 24,726 shares in the last quarter. Spitfire Capital LLC increased its position in Libbey by 6.0% during the 3rd quarter. Spitfire Capital LLC now owns 961,437 shares of the company’s stock valued at $8,903,000 after buying an additional 54,281 shares in the last quarter. Finally, Royce & Associates LP bought a new position in Libbey during the 3rd quarter valued at approximately $2,222,000.
Libbey Company Profile
Libbey Inc is engaged in the design, production and sale of tableware and other products. The Company’s segments are U.S. & Canada; Latin America; Europe, the Middle East and Africa (EMEA) and Other. The U.S. & Canada segment includes sales of manufactured and sourced tableware having an end market destination in the United States and Canada, excluding glass products for original equipment manufacturers (OEMs), which remain in the Latin America segment.
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