State of New Jersey Common Pension Fund D lowered its position in shares of O-I Glass, Inc. (NYSE:OI – Get Rating) by 21.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 195,603 shares of the industrial products company’s stock after selling 53,168 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in O-I Glass were worth $2,578,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Levin Capital Strategies L.P. purchased a new position in O-I Glass during the first quarter valued at approximately $26,306,000. Mutual of America Capital Management LLC lifted its holdings in shares of O-I Glass by 4.7% in the first quarter. Mutual of America Capital Management LLC now owns 22,425 shares of the industrial products company’s stock worth $296,000 after buying an additional 999 shares in the last quarter. Markel Corp lifted its holdings in shares of O-I Glass by 90.8% in the first quarter. Markel Corp now owns 458,000 shares of the industrial products company’s stock worth $6,036,000 after buying an additional 218,000 shares in the last quarter. Institute for Wealth Management LLC. purchased a new position in shares of O-I Glass in the first quarter worth $441,000. Finally, tru Independence LLC lifted its holdings in shares of O-I Glass by 5.9% in the first quarter. tru Independence LLC now owns 371,288 shares of the industrial products company’s stock worth $4,894,000 after buying an additional 20,725 shares in the last quarter. Hedge funds and other institutional investors own 91.04% of the company’s stock.
O-I Glass Trading Up 3.7 %
OI stock opened at $14.71 on Monday. The company has a quick ratio of 0.94, a current ratio of 1.42 and a debt-to-equity ratio of 4.19. O-I Glass, Inc. has a twelve month low of $10.64 and a twelve month high of $17.94. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 1.16 and a beta of 1.46. The firm’s fifty day simple moving average is $14.69 and its two-hundred day simple moving average is $13.73.
Analysts Set New Price Targets
About O-I Glass
O-I Glass, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in the Americas, Europe, and the Asia Pacific. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals.
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