O-I Glass, Inc. (NYSE:OI) Shares Bought by Amundi

Amundi grew its stake in shares of O-I Glass, Inc. (NYSE:OI) by 212.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 95,302 shares of the industrial products company’s stock after buying an additional 64,844 shares during the quarter. Amundi’s holdings in O-I Glass were worth $996,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. R Squared Ltd purchased a new stake in shares of O-I Glass in the fourth quarter valued at $45,000. KBC Group NV raised its holdings in shares of O-I Glass by 38.9% during the third quarter. KBC Group NV now owns 5,431 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 1,521 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of O-I Glass during the third quarter worth $77,000. XTX Topco Ltd purchased a new stake in shares of O-I Glass during the third quarter worth $148,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of O-I Glass by 277.1% during the fourth quarter. Jones Financial Companies Lllp now owns 14,982 shares of the industrial products company’s stock worth $162,000 after acquiring an additional 11,009 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Bank of America increased their price objective on O-I Glass from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Wells Fargo & Company cut their price objective on O-I Glass from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and set a $16.00 target price on shares of O-I Glass in a research report on Monday. Finally, Citigroup lowered their target price on shares of 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. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.38.

O-I Glass Trading Down 0.1 %

Shares of NYSE:OI opened at $12.18 on Thursday. The company has a market cap of $1.88 billion, a P/E ratio of -17.16, a P/E/G ratio of 0.24 and a beta of 1.20. The stock’s 50-day moving average is $11.29 and its 200-day moving average is $11.87. O-I Glass, Inc. has a 52-week low of $9.85 and a 52-week high of $17.58. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.70 and a current ratio of 1.15.

O-I Glass (NYSE:OI) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. O-I Glass had a positive return on equity of 8.27% and a negative net margin of 1.62%. Equities research analysts predict that O-I Glass, Inc. will post 1.33 earnings per share for the current year.

About O-I Glass

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.