O-I Glass, Inc. $OI Shares Bought by Cooper Creek Partners Management LLC

Cooper Creek Partners Management LLC lifted its holdings in O-I Glass, Inc. (NYSE:OI) by 73.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 7,006,293 shares of the industrial products company’s stock after purchasing an additional 2,975,181 shares during the quarter. O-I Glass comprises about 2.5% of Cooper Creek Partners Management LLC’s holdings, making the stock its 9th biggest holding. Cooper Creek Partners Management LLC’s holdings in O-I Glass were worth $73,636,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in O-I Glass by 87.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 830 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of O-I Glass in the second quarter worth about $29,000. Quarry LP acquired a new position in shares of O-I Glass during the fourth quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd lifted its position in shares of O-I Glass by 36,533.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,198 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 2,192 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of O-I Glass by 64.1% during the second quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 918 shares during the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on OI shares. Weiss Ratings raised shares of O-I Glass from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 15th. UBS Group decreased their price objective on O-I Glass from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Bank of America reissued an “underperform” rating and issued a $11.00 target price on shares of O-I Glass in a research note on Tuesday, July 14th. Citigroup dropped their target price on O-I Glass from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Finally, Zacks Research upgraded O-I Glass from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.57.

O-I Glass Price Performance

O-I Glass stock opened at $9.04 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The firm has a market capitalization of $1.39 billion, a P/E ratio of -7.41, a PEG ratio of 1.10 and a beta of 0.62. The business has a 50-day moving average of $9.04 and a 200-day moving average of $11.30. O-I Glass, Inc. has a 1 year low of $7.75 and a 1 year high of $16.91.

O-I Glass (NYSE:OI) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). O-I Glass had a negative net margin of 2.91% and a positive return on equity of 13.65%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the business earned $0.40 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. On average, equities analysts anticipate that O-I Glass, Inc. will post 1.14 EPS for the current year.

Insider Activity

In other O-I Glass news, SVP Eduardo Restrepo acquired 3,309 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $8.98 per share, with a total value of $29,714.82. Following the purchase, the senior vice president owned 94,199 shares of the company’s stock, valued at $845,907.02. This represents a 3.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Randolph L. Burns bought 11,000 shares of O-I Glass stock in a transaction on Friday, May 8th. The shares were acquired at an average price of $9.32 per share, for a total transaction of $102,520.00. Following the completion of the acquisition, the senior vice president owned 133,932 shares of the company’s stock, valued at approximately $1,248,246.24. This represents a 8.95% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 17,083 shares of company stock valued at $157,312 in the last quarter. Company insiders own 1.00% of the company’s stock.

O-I Glass Company Profile

O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.