Villanova Investment Management Co LLC Has $2.16 Million Stake in O-I Glass, Inc. $OI

Villanova Investment Management Co LLC boosted its holdings in O-I Glass, Inc. (NYSE:OI) by 36.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 166,613 shares of the industrial products company’s stock after purchasing an additional 44,745 shares during the quarter. Villanova Investment Management Co LLC owned about 0.11% of O-I Glass worth $2,161,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of O-I Glass during the second quarter worth about $29,000. Smartleaf Asset Management LLC raised its stake in shares of O-I Glass by 64.1% in the second quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 918 shares during the last quarter. State of Wyoming bought a new position in shares of O-I Glass in the second quarter valued at approximately $35,000. Neo Ivy Capital Management purchased a new position in shares of O-I Glass during the second quarter valued at approximately $51,000. Finally, Osaic Holdings Inc. grew its holdings in O-I Glass by 29.7% during the second quarter. Osaic Holdings Inc. now owns 6,779 shares of the industrial products company’s stock worth $100,000 after buying an additional 1,554 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on OI shares. Zacks Research downgraded shares of O-I Glass from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of O-I Glass in a research note on Thursday, January 22nd. Robert W. Baird set a $20.00 target price on O-I Glass in a research note on Thursday, February 12th. Citigroup decreased their price target on O-I Glass from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Finally, UBS Group reiterated a “buy” rating and set a $21.00 price target on shares of O-I Glass in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.22.

O-I Glass Stock Performance

NYSE:OI opened at $15.37 on Monday. The company has a market capitalization of $2.34 billion, a P/E ratio of -18.29, a P/E/G ratio of 0.70 and a beta of 0.78. The business has a fifty day simple moving average of $15.34 and a two-hundred day simple moving average of $13.77. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.25 and a quick ratio of 0.77. O-I Glass, Inc. has a 1 year low of $9.23 and a 1 year high of $16.91.

O-I Glass (NYSE:OI) last announced its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. O-I Glass had a positive return on equity of 18.07% and a negative net margin of 2.01%.The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the firm posted ($0.05) EPS. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, analysts expect that O-I Glass, Inc. will post 1.33 earnings per share for the current year.

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.