WINTON GROUP Ltd Buys New Holdings in O-I Glass, Inc. (NYSE:OI)

WINTON GROUP Ltd purchased a new position in shares of O-I Glass, Inc. (NYSE:OI) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 17,728 shares of the industrial products company’s stock, valued at approximately $192,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in OI. R Squared Ltd bought a new position 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 42.5% in the 4th quarter. KBC Group NV now owns 7,740 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 2,309 shares during the last quarter. XTX Topco Ltd bought a new position in O-I Glass in the 3rd quarter valued at about $148,000. Jones Financial Companies Lllp boosted its stake in O-I Glass by 277.1% during the 4th quarter. Jones Financial Companies Lllp now owns 14,982 shares of the industrial products company’s stock valued at $162,000 after purchasing an additional 11,009 shares during the last quarter. Finally, Corient Private Wealth LLC increased its holdings in O-I Glass by 13.4% during the 4th quarter. Corient Private Wealth LLC now owns 16,544 shares of the industrial products company’s stock worth $179,000 after purchasing an additional 1,954 shares in the last quarter. Institutional investors own 97.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on OI shares. Citigroup dropped their target price on O-I Glass from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Bank of America lifted their price objective on shares of 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 lowered 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 report on Monday, January 6th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $16.00 price target on shares of O-I Glass in a report on Monday, March 17th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock 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 $11.50 on Tuesday. The company has a market capitalization of $1.77 billion, a PE ratio of -16.19, a price-to-earnings-growth ratio of 0.24 and a beta of 1.20. 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, Inc. has a 52-week low of $9.85 and a 52-week high of $17.58. The company has a 50-day simple moving average of $11.57 and a 200 day simple moving average of $11.85.

O-I Glass (NYSE:OI) last released its earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates 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 1.33 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.