O-I Glass, Inc. (NYSE:OI) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of O-I Glass, Inc. (NYSE:OIGet Rating) by 56.8% in the second quarter, Holdings Channel reports. The institutional investor owned 16,829 shares of the industrial products company’s stock after selling 22,152 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in O-I Glass were worth $236,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in OI. Mutual of America Capital Management LLC lifted its position in 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 valued at $296,000 after buying an additional 999 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of O-I Glass by 59.7% in the 1st quarter. Victory Capital Management Inc. now owns 53,993 shares of the industrial products company’s stock worth $728,000 after acquiring an additional 20,176 shares during the last quarter. Prospera Financial Services Inc acquired a new position in shares of O-I Glass in the 1st quarter worth approximately $33,000. Advisor Group Holdings Inc. increased its holdings in O-I Glass by 3.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 34,345 shares of the industrial products company’s stock valued at $929,000 after purchasing an additional 1,107 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in O-I Glass by 63.5% in the first quarter. Russell Investments Group Ltd. now owns 317,200 shares of the industrial products company’s stock valued at $4,179,000 after purchasing an additional 123,196 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analysts Set New Price Targets

OI has been the subject of several research analyst reports. Citigroup raised their price target on O-I Glass from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 11th. Wells Fargo & Company lifted their target price on O-I Glass from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 12th. Barclays increased their price target on shares of O-I Glass from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Monday, November 14th. Bank of America decreased their price target on shares of O-I Glass from $18.00 to $17.00 in a research report on Thursday, October 13th. Finally, Royal Bank of Canada boosted their price objective on O-I Glass from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, O-I Glass has an average rating of “Hold” and a consensus target price of $15.86.

O-I Glass Trading Up 0.7 %

NYSE OI opened at $16.73 on Thursday. The firm’s fifty day moving average price is $15.18 and its 200 day moving average price is $14.60. O-I Glass, Inc. has a 12 month low of $10.64 and a 12 month high of $17.94. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 0.78. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 4.33, a price-to-earnings-growth ratio of 2.46 and a beta of 1.42.

O-I Glass Company Profile

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

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