O-I Glass, Inc. (NYSE:OI) Stake Increased by Thompson Investment Management Inc.

Thompson Investment Management Inc. grew its holdings in O-I Glass, Inc. (NYSE:OI) by 3.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 731,838 shares of the industrial products company’s stock after purchasing an additional 24,304 shares during the period. O-I Glass comprises approximately 1.1% of Thompson Investment Management Inc.’s investment portfolio, making the stock its 26th largest position. Thompson Investment Management Inc.’s holdings in O-I Glass were worth $7,933,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. EMC Capital Management increased its position in O-I Glass by 166.1% during the fourth quarter. EMC Capital Management now owns 21,211 shares of the industrial products company’s stock worth $230,000 after buying an additional 13,241 shares during the last quarter. R Squared Ltd acquired a new position in O-I Glass during the fourth quarter worth $45,000. KBC Group NV increased its position in O-I Glass by 42.5% during the fourth quarter. KBC Group NV now owns 7,740 shares of the industrial products company’s stock worth $84,000 after buying an additional 2,309 shares during the last quarter. SG Americas Securities LLC increased its position in O-I Glass by 27.5% during the fourth quarter. SG Americas Securities LLC now owns 21,023 shares of the industrial products company’s stock worth $228,000 after buying an additional 4,528 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in O-I Glass by 111.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,401,400 shares of the industrial products company’s stock worth $15,191,000 after buying an additional 737,123 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on OI shares. Bank of America raised their price target 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 lowered 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. Wells Fargo & Company reduced their target price 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. Barclays reduced their target price on shares of O-I Glass from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Finally, Royal Bank of Canada reduced their target price on shares of O-I Glass from $18.00 to $16.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.38.

O-I Glass Trading Down 0.6 %

Shares of OI opened at $11.48 on Friday. The company has a 50-day moving average price of $11.04 and a two-hundred day moving average price of $11.96. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.77 and a current ratio of 1.15. O-I Glass, Inc. has a 12 month low of $9.85 and a 12 month high of $17.58.

O-I Glass (NYSE:OI) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. O-I Glass had a negative net margin of 1.62% and a positive return on equity of 8.27%. On average, research analysts predict that O-I Glass, Inc. will post 1.36 EPS for the current year.

O-I Glass Company 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.