Leeward Investments LLC MA Has $7.50 Million Stock Position in O-I Glass, Inc. (NYSE:OI)

Leeward Investments LLC MA decreased its stake in shares of O-I Glass, Inc. (NYSE:OI) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 458,026 shares of the industrial products company’s stock after selling 3,589 shares during the period. Leeward Investments LLC MA owned 0.30% of O-I Glass worth $7,502,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in OI. Covestor Ltd raised its holdings in O-I Glass by 259.7% during the 3rd quarter. Covestor Ltd now owns 1,669 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 1,205 shares during the last quarter. Signaturefd LLC bought a new stake in O-I Glass during the 3rd quarter worth about $62,000. International Assets Investment Management LLC raised its holdings in O-I Glass by 1,538.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,095 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 3,845 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in O-I Glass by 29.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 10,289 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 2,365 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in O-I Glass by 23.8% during the 3rd quarter. National Bank of Canada FI now owns 10,405 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

O-I Glass Stock Up 1.4 %

NYSE OI traded up $0.21 during trading hours on Friday, reaching $15.07. 1,097,285 shares of the company’s stock were exchanged, compared to its average volume of 1,652,745. The company’s 50-day moving average is $16.02 and its two-hundred day moving average is $15.61. O-I Glass, Inc. has a one year low of $13.56 and a one year high of $23.57. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.77 and a current ratio of 1.23. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of -20.09, a price-to-earnings-growth ratio of 1.04 and a beta of 1.35.

O-I Glass (NYSE:OI) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. O-I Glass had a positive return on equity of 24.90% and a negative net margin of 1.45%. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the business earned $0.38 EPS. O-I Glass’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, analysts forecast that O-I Glass, Inc. will post 2.33 EPS for the current fiscal year.

Analysts Set New Price Targets

OI has been the subject of several recent research reports. StockNews.com cut O-I Glass from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Bank of America reissued a “neutral” rating and set a $16.00 price objective (down from $21.00) on shares of O-I Glass in a report on Friday, April 19th. Truist Financial reaffirmed a “buy” rating and issued a $20.00 price target on shares of O-I Glass in a research note on Monday, March 25th. TheStreet cut O-I Glass from a “b-” rating to a “c-” rating in a research note on Tuesday, February 6th. Finally, Citigroup cut O-I Glass from a “buy” rating to a “neutral” rating and upped their price target for the company from $17.00 to $18.00 in a research note on Wednesday, January 3rd. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $22.67.

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.