O-I Glass Sees Unusually High Options Volume (NYSE:OI)

O-I Glass, Inc. (NYSE:OI) was the target of some unusual options trading on Thursday. Stock investors acquired 10,087 call options on the company. This is an increase of 872% compared to the typical volume of 1,038 call options.

Key Headlines Impacting O-I Glass

Here are the key news stories impacting O-I Glass this week:

• Positive Sentiment: Zacks Research upgraded O-I Glass from strong sell to hold, which is a notable improvement in analyst sentiment and may have helped the stock. Zacks.com
• Positive Sentiment: The firm raised FY2026 EPS estimates to $1.21 from $1.20 and lifted FY2027 EPS to $1.86 from $1.80, signaling expectations for better profitability ahead. MarketBeat OI
• Positive Sentiment: Zacks also nudged up estimates for Q4 2026 and Q3 2027, adding to the view that earnings could improve gradually over time.
• Neutral Sentiment: Truist lowered its price target to $13 from $14 but kept a buy rating, suggesting continued upside potential despite a slightly less optimistic valuation. Benzinga
• Negative Sentiment: Other analyst updates were mixed, including small cuts to some 2026 and 2028 EPS forecasts, which may temper enthusiasm for O-I Glass in the near term.
• Negative Sentiment: Bank of America reportedly reaffirmed an underperform rating, and coverage noted concerns about weak demand and fewer catalysts, which could weigh on the stock. MSN article

O-I Glass Stock Performance

O-I Glass stock traded up $0.22 during mid-day trading on Thursday, reaching $9.61. 1,284,840 shares of the company traded hands, compared to its average volume of 2,581,612. O-I Glass has a fifty-two week low of $7.75 and a fifty-two week high of $16.91. The firm’s fifty day moving average is $9.02 and its two-hundred day moving average is $11.57. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.26 and a quick ratio of 0.73. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -7.87, a price-to-earnings-growth ratio of 1.02 and a beta of 0.62.

O-I Glass (NYSE:OI) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.05 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $1.47 billion. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The business’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. On average, equities research analysts expect that O-I Glass will post 1.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on OI. Zacks Research raised shares of O-I Glass from a “strong sell” rating to a “hold” rating in a research report on Monday. Citigroup dropped their price objective on shares of O-I Glass from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. UBS Group cut their price objective on shares of O-I Glass from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Royal Bank Of Canada dropped their target price on O-I Glass from $14.00 to $11.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Finally, Bank of America reiterated an “underperform” rating and issued a $11.00 price target on shares of O-I Glass in a report on Tuesday. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, O-I Glass currently has a consensus rating of “Hold” and a consensus target price of $13.57.

Insider Buying and Selling at O-I Glass

In other news, SVP Randolph L. Burns purchased 11,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were purchased at an average price of $9.32 per share, for a total transaction of $102,520.00. Following the completion of the purchase, the senior vice president owned 133,932 shares in the company, valued at approximately $1,248,246.24. This represents a 8.95% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Darrow A. Abrahams acquired 2,774 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of $9.04 per share, with a total value of $25,076.96. Following the completion of the acquisition, the senior vice president directly owned 235,928 shares of the company’s stock, valued at $2,132,789.12. This represents a 1.19% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 17,083 shares of company stock valued at $157,312 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On O-I Glass

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OI. PNC Financial Services Group Inc. lifted its holdings in O-I Glass by 1.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 37,828 shares of the industrial products company’s stock valued at $558,000 after acquiring an additional 701 shares during the last quarter. Barclays PLC lifted its stake in O-I Glass by 0.3% during the fourth quarter. Barclays PLC now owns 246,766 shares of the industrial products company’s stock worth $3,642,000 after purchasing an additional 755 shares in the last quarter. Farther Finance Advisors LLC grew its position 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 valued at $26,000 after acquiring an additional 830 shares in the last quarter. ProShare Advisors LLC increased its stake in O-I Glass by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 29,887 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 911 shares during the period. Finally, Smartleaf Asset Management LLC lifted 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 worth $35,000 after purchasing an additional 918 shares in the last quarter. Institutional investors and hedge funds own 97.24% 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.