UBS Group AG Lowers Holdings in O-I Glass, Inc. $OI

UBS Group AG decreased its holdings in O-I Glass, Inc. (NYSE:OI) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 848,304 shares of the industrial products company’s stock after selling 61,131 shares during the period. UBS Group AG’s holdings in O-I Glass were worth $12,521,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. bought a new position in O-I Glass in the 3rd quarter worth approximately $1,526,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in O-I Glass during the 3rd quarter valued at approximately $18,496,000. Knights of Columbus Asset Advisors LLC raised its position in shares of O-I Glass by 91.6% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 172,773 shares of the industrial products company’s stock valued at $2,241,000 after buying an additional 82,619 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of O-I Glass during the third quarter valued at approximately $908,000. Finally, Boothbay Fund Management LLC lifted its holdings in shares of O-I Glass by 22.1% in the third quarter. Boothbay Fund Management LLC now owns 803,029 shares of the industrial products company’s stock worth $10,415,000 after buying an additional 145,170 shares in the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on OI shares. Wall Street Zen lowered shares of O-I Glass from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Wells Fargo & Company cut shares of O-I Glass from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $18.00 to $13.00 in a research note on Friday, March 20th. Robert W. Baird set a $20.00 price objective on shares of O-I Glass in a report on Thursday, February 12th. Weiss Ratings restated a “sell (d-)” rating on shares of O-I Glass in a research report on Tuesday, April 21st. Finally, Royal Bank Of Canada set a $14.00 target price on O-I Glass in a report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $15.50.

O-I Glass Trading Down 1.2%

OI stock opened at $8.88 on Friday. The firm has a fifty day moving average price of $10.37 and a 200 day moving average price of $12.96. O-I Glass, Inc. has a fifty-two week low of $8.00 and a fifty-two week high of $16.91. The firm has a market cap of $1.36 billion, a PE ratio of -7.27, a price-to-earnings-growth ratio of 1.03 and a beta of 0.65. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 1.26.

O-I Glass (NYSE:OI) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share (EPS) 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 business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the company earned $0.40 EPS. O-I Glass’s revenue for the quarter was down 1.7% compared to the same quarter last year. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. Sell-side analysts anticipate that O-I Glass, Inc. will post 1.2 earnings per share for the current fiscal year.

Key Headlines Impacting O-I Glass

Here are the key news stories impacting O-I Glass this week:

• Negative Sentiment: Zacks Research lowered its EPS forecasts across several future quarters for O-I Glass, signaling weaker expected earnings growth and adding to bearish pressure on the stock.
• Negative Sentiment: The firm maintained a “Strong Sell” rating, which may further discourage buyers and keep the shares under selling pressure. O-I Glass stock page
• Positive Sentiment: Recent unusual options activity showed heavy call buying in OI, which can sometimes signal speculative optimism or a possible rebound trade.
• Positive Sentiment: Insider buying by SVP Darrow Abrahams may be viewed as a vote of confidence in the company’s long-term value.
• Neutral Sentiment: O-I Glass recently beat revenue estimates in its latest quarter, though EPS came in below expectations, leaving the market with mixed fundamental signals.

Insider Activity

In related news, SVP Darrow A. Abrahams purchased 2,774 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average price of $9.04 per share, for a total transaction of $25,076.96. Following the completion of the transaction, the senior vice president owned 235,928 shares in the company, valued at approximately $2,132,789.12. The trade was a 1.19% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Randolph L. Burns acquired 11,000 shares of O-I Glass stock in a transaction on Friday, May 8th. The shares were bought at an average cost of $9.32 per share, for a total transaction of $102,520.00. Following the completion of the purchase, the senior vice president directly owned 133,932 shares of the company’s stock, valued at $1,248,246.24. The trade was a 8.95% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.00% of the stock is currently owned by corporate insiders.

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.