O-I Glass, Inc. $OI Stock Holdings Lifted by Boothbay Fund Management LLC

Boothbay Fund Management LLC grew its position in O-I Glass, Inc. (NYSE:OI) by 22.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 803,029 shares of the industrial products company’s stock after acquiring an additional 145,170 shares during the quarter. Boothbay Fund Management LLC’s holdings in O-I Glass were worth $10,415,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of O-I Glass by 33.9% in the 1st quarter. Royal Bank of Canada now owns 112,800 shares of the industrial products company’s stock valued at $1,294,000 after buying an additional 28,548 shares in the last quarter. AQR Capital Management LLC raised its position in O-I Glass by 154.0% during the first quarter. AQR Capital Management LLC now owns 177,117 shares of the industrial products company’s stock valued at $1,993,000 after acquiring an additional 107,388 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in O-I Glass by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,151 shares of the industrial products company’s stock valued at $1,057,000 after acquiring an additional 4,055 shares in the last quarter. United Services Automobile Association acquired a new stake in O-I Glass in the first quarter valued at approximately $119,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in O-I Glass by 43.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 526,279 shares of the industrial products company’s stock valued at $6,036,000 after acquiring an additional 160,649 shares during the last quarter. 97.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on OI. Wells Fargo & Company upgraded shares of O-I Glass from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $15.00 to $18.00 in a research note on Tuesday, January 6th. Wall Street Zen lowered shares of O-I Glass from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Citigroup decreased their price objective on shares of O-I Glass from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. Robert W. Baird set a $20.00 target price on O-I Glass in a report on Thursday, February 12th. Finally, Truist Financial raised their target price on O-I Glass from $17.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.11.

O-I Glass Price Performance

Shares of O-I Glass stock opened at $10.62 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.77 and a debt-to-equity ratio of 3.35. The firm has a fifty day simple moving average of $14.59 and a 200-day simple moving average of $13.69. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -12.64, a PEG ratio of 0.49 and a beta of 0.82. 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 issued its quarterly earnings results 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. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.52 billion. O-I Glass had a positive return on equity of 18.07% and a negative net margin of 2.01%.The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business posted ($0.05) earnings per share. On average, sell-side analysts expect that O-I Glass, Inc. will post 1.33 earnings per share for the current year.

About O-I Glass

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.