Libbey Inc. (NYSEAMERICAN:LBY) Short Interest Update

Libbey Inc. (NYSEAMERICAN:LBY) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,796,535 shares, a growth of 34.9% from the January 31st total of 1,331,982 shares. Based on an average daily trading volume, of 177,682 shares, the short-interest ratio is currently 10.1 days. Approximately 8.4% of the company’s stock are short sold.

Institutional investors have recently added to or reduced their stakes in the company. Aperio Group LLC bought a new position in shares of Libbey during the 4th quarter valued at $104,000. Alambic Investment Management L.P. bought a new position in shares of Libbey during the 4th quarter valued at $159,000. Virtu Financial LLC bought a new position in shares of Libbey during the 4th quarter valued at $163,000. Investors Research Corp bought a new position in shares of Libbey during the 4th quarter valued at $171,000. Finally, Macquarie Group Ltd. raised its holdings in shares of Libbey by 79.3% during the 4th quarter. Macquarie Group Ltd. now owns 24,637 shares of the company’s stock valued at $185,000 after purchasing an additional 10,900 shares in the last quarter.

Shares of Libbey (NYSEAMERICAN:LBY) traded down $0.03 during trading hours on Wednesday, hitting $7.14. 127,000 shares of the company’s stock were exchanged, compared to its average volume of 200,043. The firm has a market cap of $155.55, a price-to-earnings ratio of -1.82 and a beta of 1.10. Libbey has a 52 week low of $5.75 and a 52 week high of $14.79.

Libbey (NYSEAMERICAN:LBY) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.31). The business had revenue of $224.83 million for the quarter, compared to the consensus estimate of $212.74 million. Libbey had a negative net margin of 41.83% and a negative return on equity of 290.54%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.10) EPS.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.1175 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 6.58%. This is an increase from Libbey’s previous quarterly dividend of $0.12. Libbey’s dividend payout ratio (DPR) is currently -11.96%.

Separately, Zacks Investment Research raised shares of Libbey from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 3rd.

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Libbey Company Profile

Libbey Inc is engaged in the design, production and sale of tableware and other products. The Company’s segments are U.S. & Canada; Latin America; Europe, the Middle East and Africa (EMEA) and Other. The U.S. & Canada segment includes sales of manufactured and sourced tableware having an end market destination in the United States and Canada, excluding glass products for original equipment manufacturers (OEMs), which remain in the Latin America segment.

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