Fox Run Management L.L.C. Has $668,000 Stake in O-I Glass, Inc. $OI

Fox Run Management L.L.C. grew its position in O-I Glass, Inc. (NYSE:OIFree Report) by 270.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,514 shares of the industrial products company’s stock after purchasing an additional 37,608 shares during the period. Fox Run Management L.L.C.’s holdings in O-I Glass were worth $668,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of OI. Dana Investment Advisors Inc. lifted its stake in O-I Glass by 6.0% in the 3rd quarter. Dana Investment Advisors Inc. now owns 291,147 shares of the industrial products company’s stock valued at $3,776,000 after acquiring an additional 16,443 shares in the last quarter. Villanova Investment Management Co LLC raised its holdings in shares of O-I Glass by 36.7% in the third quarter. Villanova Investment Management Co LLC now owns 166,613 shares of the industrial products company’s stock valued at $2,161,000 after purchasing an additional 44,745 shares during the last quarter. Advisors Preferred LLC lifted its position in shares of O-I Glass by 141.2% in the third quarter. Advisors Preferred LLC now owns 90,708 shares of the industrial products company’s stock worth $1,176,000 after purchasing an additional 53,101 shares in the last quarter. Vanguard Group Inc. boosted its holdings in O-I Glass by 3.7% during the third quarter. Vanguard Group Inc. now owns 19,349,218 shares of the industrial products company’s stock worth $250,959,000 after purchasing an additional 691,989 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its holdings in O-I Glass by 14.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 163,369 shares of the industrial products company’s stock worth $2,119,000 after purchasing an additional 20,576 shares during the last quarter. 97.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on OI shares. Royal Bank Of Canada lowered their price target on shares of O-I Glass from $19.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday. Wells Fargo & Company raised O-I Glass from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $15.00 to $18.00 in a research report on Tuesday, January 6th. UBS Group reiterated a “buy” rating and set a $21.00 target price on shares of O-I Glass in a report on Thursday, February 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of O-I Glass in a research report on Thursday, January 22nd. Finally, Bank of America upgraded O-I Glass from a “neutral” rating to a “buy” rating and raised their price target for the company from $14.00 to $17.00 in a research note on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, O-I Glass has an average rating of “Moderate Buy” and an average target price of $18.11.

Check Out Our Latest Research Report on O-I Glass

Key Stories Impacting O-I Glass

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O-I Glass Trading Up 2.2%

O-I Glass stock opened at $13.41 on Friday. The stock has a 50-day simple moving average of $15.21 and a 200 day simple moving average of $13.78. The stock has a market capitalization of $2.04 billion, a P/E ratio of -15.96, a PEG ratio of 0.61 and a beta of 0.78. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.77 and a current ratio of 1.25. O-I Glass, Inc. has a 52 week low of $9.23 and a 52 week high of $16.91.

O-I Glass (NYSE:OIGet Free Report) last released its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the company earned ($0.05) earnings per share. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. Analysts expect that O-I Glass, Inc. will post 1.33 earnings per share for the current year.

About O-I Glass

(Free Report)

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.

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Institutional Ownership by Quarter for O-I Glass (NYSE:OI)

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