Villanova Investment Management Co LLC Acquires 23,101 Shares of O-I Glass, Inc. (NYSE:OI)

Villanova Investment Management Co LLC grew its holdings in O-I Glass, Inc. (NYSE:OI) by 21.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,373 shares of the industrial products company’s stock after acquiring an additional 23,101 shares during the period. Villanova Investment Management Co LLC owned about 0.09% of O-I Glass worth $1,435,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Highland Peak Capital LLC boosted its stake in O-I Glass by 87.5% in the 4th quarter. Highland Peak Capital LLC now owns 3,877,259 shares of the industrial products company’s stock worth $42,029,000 after purchasing an additional 1,809,237 shares during the period. Geode Capital Management LLC boosted its position in shares of O-I Glass by 1.1% during the third quarter. Geode Capital Management LLC now owns 3,568,443 shares of the industrial products company’s stock worth $46,827,000 after acquiring an additional 37,238 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in O-I Glass by 31.5% during the fourth quarter. Segall Bryant & Hamill LLC now owns 3,242,750 shares of the industrial products company’s stock valued at $35,151,000 after acquiring an additional 777,036 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in O-I Glass by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,848,857 shares of the industrial products company’s stock valued at $20,042,000 after acquiring an additional 25,719 shares in the last quarter. Finally, IPG Investment Advisors LLC increased its holdings in O-I Glass by 33.5% in the 4th quarter. IPG Investment Advisors LLC now owns 1,840,668 shares of the industrial products company’s stock valued at $19,953,000 after acquiring an additional 462,040 shares during the last quarter. Institutional investors own 97.24% of the company’s stock.

O-I Glass Trading Down 0.4 %

OI stock opened at $11.50 on Tuesday. O-I Glass, Inc. has a twelve month low of $9.85 and a twelve month high of $17.58. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of -16.19, a price-to-earnings-growth ratio of 0.24 and a beta of 1.20. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 3.78. The firm’s fifty day simple moving average is $11.57 and its two-hundred day simple moving average is $11.85.

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 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%. As a group, analysts anticipate that O-I Glass, Inc. will post 1.33 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Citigroup cut their price objective on O-I Glass from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Wells Fargo & Company decreased their price objective on O-I Glass from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $16.00 target price on shares of O-I Glass in a report on Monday, March 17th. Finally, Bank of America boosted their price target on shares of O-I Glass from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $15.38.

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.