Libbey Inc. (NYSEAMERICAN:LBY) major shareholder Brigade Capital Management, Lp purchased 130,000 shares of the business’s stock in a transaction on Thursday, December 13th. The shares were bought at an average cost of $5.66 per share, with a total value of $735,800.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
NYSEAMERICAN LBY opened at $5.00 on Tuesday. Libbey Inc. has a twelve month low of $4.60 and a twelve month high of $11.54.
Libbey (NYSEAMERICAN:LBY) last released its quarterly earnings data on Tuesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.37). The firm had revenue of $191.56 million during the quarter.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in shares of Libbey by 695.4% in the second quarter. Bank of Montreal Can now owns 22,406 shares of the company’s stock worth $182,000 after acquiring an additional 19,589 shares during the period. Renaissance Technologies LLC boosted its stake in Libbey by 10.3% during the second quarter. Renaissance Technologies LLC now owns 750,200 shares of the company’s stock valued at $6,099,000 after buying an additional 70,100 shares during the last quarter. Frontier Capital Management Co. LLC boosted its stake in Libbey by 7.5% during the third quarter. Frontier Capital Management Co. LLC now owns 2,026,079 shares of the company’s stock valued at $17,728,000 after buying an additional 140,994 shares during the last quarter. Bank of America Corp DE boosted its stake in Libbey by 99.0% during the second quarter. Bank of America Corp DE now owns 19,208 shares of the company’s stock valued at $156,000 after buying an additional 9,555 shares during the last quarter. Finally, Albion Financial Group UT boosted its stake in Libbey by 33.8% during the second quarter. Albion Financial Group UT now owns 47,284 shares of the company’s stock valued at $384,000 after buying an additional 11,940 shares during the last quarter.
Separately, Zacks Investment Research lowered Libbey from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 13th.
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Libbey Inc designs, produces, and sells tableware and other products worldwide. It offers glass tableware products, including tumblers, stemware, mugs, bowls, vases, salt and pepper shakers, shot glasses, canisters, candleholders, and other items; storage ware; serve ware; bakeware; handmade glass tableware; and other components for original equipment manufacturers, such as blender jars and mixing bowls.
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