Villanova Investment Management Co LLC Boosts Stock Position in O-I Glass, Inc. $OI

Villanova Investment Management Co LLC increased its stake in O-I Glass, Inc. (NYSE:OI) by 36.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 166,613 shares of the industrial products company’s stock after purchasing an additional 44,745 shares during the quarter. Villanova Investment Management Co LLC’s holdings in O-I Glass were worth $2,161,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OI. Headlands Technologies LLC bought a new position in O-I Glass in the 2nd quarter worth about $29,000. Smartleaf Asset Management LLC increased its position in shares of O-I Glass by 64.1% during the second quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company’s stock valued at $35,000 after buying an additional 918 shares during the period. State of Wyoming purchased a new stake in shares of O-I Glass in the second quarter worth about $35,000. Neo Ivy Capital Management bought a new position in shares of O-I Glass in the second quarter valued at approximately $51,000. Finally, Osaic Holdings Inc. boosted its position in shares of O-I Glass by 29.7% in the second quarter. Osaic Holdings Inc. now owns 6,779 shares of the industrial products company’s stock valued at $100,000 after acquiring an additional 1,554 shares during the period. 97.24% of the stock is currently owned by institutional investors.

O-I Glass Trading Up 1.4%

Shares of OI stock opened at $15.37 on Monday. The business has a 50-day moving average price of $15.34 and a two-hundred day moving average price of $13.77. O-I Glass, Inc. has a 12-month low of $9.23 and a 12-month high of $16.91. The company has a quick ratio of 0.77, a current ratio of 1.25 and a debt-to-equity ratio of 3.35. The firm has a market cap of $2.34 billion, a P/E ratio of -18.29, a price-to-earnings-growth ratio of 0.70 and a beta of 0.78.

O-I Glass (NYSE:OI) last announced its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.52 billion. O-I Glass had a positive return on equity of 18.07% and a negative net margin of 2.01%.O-I Glass’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.05) EPS. Equities analysts anticipate that O-I Glass, Inc. will post 1.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

OI has been the topic of a number of analyst reports. Citigroup decreased their target price on shares of O-I Glass from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. UBS Group reiterated a “buy” rating and issued a $21.00 price objective on shares of O-I Glass in a research report on Thursday, February 12th. Truist Financial boosted their target price on O-I Glass from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Zacks Research lowered O-I Glass from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $19.00 price target on shares of O-I Glass in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.22.

O-I Glass Company Profile

O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.