Diversified Trust Co Boosts Stock Holdings in O-I Glass, Inc. (NYSE:OI)

Diversified Trust Co lifted its stake in shares of O-I Glass, Inc. (NYSE:OI) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,551 shares of the industrial products company’s stock after buying an additional 4,955 shares during the quarter. Diversified Trust Co’s holdings in O-I Glass were worth $591,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new stake in shares of O-I Glass in the 3rd quarter valued at $27,000. Newbridge Financial Services Group Inc. raised its holdings in O-I Glass by 1,337.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 2,875 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 2,675 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of O-I Glass by 371.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,402 shares of the industrial products company’s stock worth $32,000 after buying an additional 1,892 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of O-I Glass by 28.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,136 shares of the industrial products company’s stock valued at $67,000 after buying an additional 1,136 shares in the last quarter. Finally, KBC Group NV grew its position in shares of O-I Glass by 38.9% in the 3rd quarter. KBC Group NV now owns 5,431 shares of the industrial products company’s stock valued at $71,000 after buying an additional 1,521 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of O-I Glass from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Bank of America upped their target price on O-I Glass from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Citigroup cut their price target on O-I Glass from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. StockNews.com raised O-I Glass from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Barclays cut their target price on shares of O-I Glass from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.38.

O-I Glass Stock Performance

NYSE:OI opened at $10.17 on Friday. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.23 and a quick ratio of 0.77. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -3.68 and a beta of 1.21. The firm’s fifty day moving average price is $11.67 and its 200 day moving average price is $11.95. O-I Glass, Inc. has a 1-year low of $9.85 and a 1-year high of $17.58.

O-I Glass (NYSE:OI) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.08). The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.76 billion. O-I Glass had a positive return on equity of 9.16% and a negative net margin of 6.34%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 earnings per share. On average, sell-side analysts expect that O-I Glass, Inc. will post 0.76 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.