Segall Bryant & Hamill LLC Raises Stock Holdings in O-I Glass, Inc. (NYSE:OI)

Segall Bryant & Hamill LLC lifted its stake in O-I Glass, Inc. (NYSE:OI) by 31.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,242,750 shares of the industrial products company’s stock after acquiring an additional 777,036 shares during the quarter. Segall Bryant & Hamill LLC owned 2.10% of O-I Glass worth $35,151,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in OI. R Squared Ltd purchased a new stake in O-I Glass during the fourth quarter worth about $45,000. Quest Partners LLC acquired a new position in shares of O-I Glass in the third quarter worth $77,000. KBC Group NV grew its stake in O-I Glass by 42.5% during the 4th quarter. KBC Group NV now owns 7,740 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 2,309 shares in the last quarter. XTX Topco Ltd purchased a new stake in O-I Glass during the 3rd quarter worth about $148,000. Finally, Jones Financial Companies Lllp raised its position in O-I Glass by 277.1% in the 4th quarter. Jones Financial Companies Lllp now owns 14,982 shares of the industrial products company’s stock valued at $162,000 after purchasing an additional 11,009 shares in the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.

Wall Street Analysts Forecast Growth

OI has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $16.00 price target on shares of O-I Glass in a research note on Monday, March 17th. Citigroup decreased their price target on O-I Glass from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Bank of America upped their price objective 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. Finally, Wells Fargo & Company dropped their price target on shares of O-I Glass from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, O-I Glass currently has a consensus rating of “Moderate Buy” and an average target price of $15.38.

O-I Glass Price Performance

OI stock opened at $11.96 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 3.78. The company has a market capitalization of $1.84 billion, a P/E ratio of -16.84, a PEG ratio of 0.24 and a beta of 1.20. The business has a 50 day simple moving average of $11.43 and a 200-day simple moving average of $11.86. O-I Glass, Inc. has a twelve month low of $9.85 and a twelve month high of $17.58.

O-I Glass (NYSE:OI) last announced its earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. O-I Glass had a negative net margin of 1.62% and a positive return on equity of 8.27%. As a group, equities analysts anticipate that O-I Glass, Inc. will post 1.33 EPS for the current year.

O-I Glass 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.