Bridgeway Capital Management LLC Purchases 128,988 Shares of O-I Glass, Inc. $OI

Bridgeway Capital Management LLC boosted its position in O-I Glass, Inc. (NYSE:OI) by 11.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,230,523 shares of the industrial products company’s stock after acquiring an additional 128,988 shares during the period. Bridgeway Capital Management LLC’s holdings in O-I Glass were worth $18,163,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in O-I Glass by 87.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 830 shares during the last quarter. Headlands Technologies LLC bought a new stake in O-I Glass in the 2nd quarter worth $29,000. Quarry LP bought a new stake in O-I Glass in the 4th quarter worth $32,000. Caitong International Asset Management Co. Ltd grew its holdings in O-I Glass by 36,533.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,198 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 2,192 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in O-I Glass by 64.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 918 shares during the last quarter. Institutional investors own 97.24% of the company’s stock.

O-I Glass Trading Up 0.3%

Shares of NYSE OI opened at $9.06 on Thursday. O-I Glass, Inc. has a 1 year low of $7.75 and a 1 year high of $16.91. The stock has a market cap of $1.39 billion, a P/E ratio of -7.42, a price-to-earnings-growth ratio of 1.03 and a beta of 0.63. The firm has a 50-day moving average of $9.35 and a 200 day moving average of $12.28. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.26 and a quick ratio of 0.73.

O-I Glass (NYSE:OI) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). O-I Glass had a negative net margin of 2.91% and a positive return on equity of 13.65%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the business earned $0.40 earnings per share. The company’s revenue was down 1.7% on a year-over-year basis. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. As a group, sell-side analysts expect that O-I Glass, Inc. will post 1.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on OI shares. Truist Financial reissued a “buy” rating and issued a $14.00 price target (down from $15.00) on shares of O-I Glass in a report on Thursday, April 30th. Citigroup cut their price target on shares of O-I Glass from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Zacks Research lowered shares of O-I Glass from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Royal Bank Of Canada set a $14.00 price target on shares of O-I Glass in a report on Friday, April 17th. Finally, Weiss Ratings raised shares of O-I Glass from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.50.

Insiders Place Their Bets

In other news, SVP Eduardo Restrepo bought 3,309 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of $8.98 per share, with a total value of $29,714.82. Following the completion of the acquisition, the senior vice president owned 94,199 shares of the company’s stock, valued at approximately $845,907.02. This represents a 3.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Randolph L. Burns bought 11,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was purchased at an average cost of $9.32 per share, with a total value of $102,520.00. Following the completion of the acquisition, the senior vice president directly owned 133,932 shares of the company’s stock, valued at approximately $1,248,246.24. The trade was a 8.95% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 17,083 shares of company stock valued at $157,312. Insiders own 1.00% of the company’s stock.

About O-I Glass

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.