Versor Investments LP lowered its holdings in shares of O-I Glass, Inc. (NYSE:OI – Get Rating) by 29.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,253 shares of the industrial products company’s stock after selling 5,447 shares during the period. Versor Investments LP’s holdings in O-I Glass were worth $175,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. First Quadrant LLC CA bought a new position in O-I Glass in the first quarter worth approximately $40,000. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in O-I Glass by 35.7% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,700 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 1,500 shares in the last quarter. National Bank of Canada FI bought a new position in O-I Glass in the fourth quarter worth approximately $119,000. Acadian Asset Management LLC boosted its holdings in O-I Glass by 103.2% in the fourth quarter. Acadian Asset Management LLC now owns 9,974 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 5,065 shares in the last quarter. Finally, Dupont Capital Management Corp bought a new position in O-I Glass in the fourth quarter worth approximately $147,000. Institutional investors and hedge funds own 91.04% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on OI shares. Bank of America upgraded O-I Glass from a “neutral” rating to a “buy” rating and raised their target price for the company from $15.00 to $19.00 in a report on Friday, May 27th. Credit Suisse Group increased their price target on O-I Glass from $18.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, June 9th. TheStreet raised O-I Glass from a “c-” rating to a “b-” rating in a research report on Monday, April 25th. Deutsche Bank Aktiengesellschaft decreased their target price on O-I Glass from $16.00 to $13.00 in a research report on Tuesday, July 19th. Finally, Barclays downgraded O-I Glass from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $15.00 to $13.00 in a research report on Monday, July 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, O-I Glass has a consensus rating of “Hold” and a consensus price target of $16.09.
O-I Glass Price Performance
O-I Glass Company Profile
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.
- Get a free copy of the StockNews.com research report on O-I Glass (OI)
- Use These To Find Your Stock’s Support and Resistance Levels
- Is Boeing Stock is Ready for Lift-Off ?
- Elon Musk is Out, But Should You Be In Twitter Stock?
- 3 Earnings Announcements That Could Surprise
- Twitter’s Up For Third Week In A Row: What’s Next For The Stock?
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for O-I Glass Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O-I Glass and related companies with MarketBeat.com's FREE daily email newsletter.