O-I Glass, Inc. (NYSE:OI) Shares Bought by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. grew its position in O-I Glass, Inc. (NYSE:OI) by 16.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,736 shares of the industrial products company’s stock after acquiring an additional 1,890 shares during the period. Total Clarity Wealth Management Inc.’s holdings in O-I Glass were worth $153,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of OI. Charles Schwab Investment Management Inc. increased its stake in shares of O-I Glass by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,566,817 shares of the industrial products company’s stock valued at $25,664,000 after purchasing an additional 50,394 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of O-I Glass by 12.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,615,054 shares of the industrial products company’s stock valued at $108,358,000 after buying an additional 728,493 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of O-I Glass by 37.3% during the 4th quarter. Quadrant Capital Group LLC now owns 5,168 shares of the industrial products company’s stock worth $85,000 after buying an additional 1,404 shares during the period. Norges Bank purchased a new position in shares of O-I Glass during the 4th quarter valued at approximately $27,562,000. Finally, Quest Partners LLC acquired a new stake in O-I Glass in the 4th quarter valued at $313,000. 97.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director John Humphrey purchased 15,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average price of $11.30 per share, with a total value of $169,500.00. Following the purchase, the director now directly owns 84,227 shares in the company, valued at approximately $951,765.10. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 1.49% of the stock is owned by insiders.

O-I Glass Stock Performance

NYSE:OI opened at $12.92 on Tuesday. O-I Glass, Inc. has a one year low of $10.08 and a one year high of $18.50. The company has a quick ratio of 0.75, a current ratio of 1.26 and a debt-to-equity ratio of 2.85. The stock has a 50 day moving average price of $11.93 and a 200 day moving average price of $13.18.

O-I Glass (NYSE:OI) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.77 billion. O-I Glass had a positive return on equity of 15.64% and a negative net margin of 4.32%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period last year, the company earned $0.88 EPS. On average, analysts forecast that O-I Glass, Inc. will post 1.13 EPS for the current year.

Wall Street Analysts Forecast Growth

OI has been the topic of several recent analyst reports. Barclays decreased their price objective on shares of O-I Glass from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Thursday, August 1st. Robert W. Baird decreased their price target on shares of O-I Glass from $22.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. UBS Group lowered their price objective on O-I Glass from $26.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. StockNews.com upgraded O-I Glass from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company dropped their price target on O-I Glass from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.25.

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.