J.P. Morgan Private Wealth Advisors LLC Sells 2,171 Shares of O-I Glass, Inc. (NYSE:OI)

J.P. Morgan Private Wealth Advisors LLC trimmed its position in shares of O-I Glass, Inc. (NYSE:OIFree Report) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 169,008 shares of the industrial products company’s stock after selling 2,171 shares during the period. J.P. Morgan Private Wealth Advisors LLC’s holdings in O-I Glass were worth $2,828,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of O-I Glass during the fourth quarter worth $26,558,000. Alliancebernstein L.P. lifted its position in shares of O-I Glass by 116.3% during the fourth quarter. Alliancebernstein L.P. now owns 2,291,497 shares of the industrial products company’s stock worth $37,970,000 after acquiring an additional 1,231,866 shares in the last quarter. Millennium Management LLC lifted its position in shares of O-I Glass by 3,268.7% during the fourth quarter. Millennium Management LLC now owns 1,108,594 shares of the industrial products company’s stock worth $18,369,000 after acquiring an additional 1,075,685 shares in the last quarter. Bank of America Corp DE lifted its position in shares of O-I Glass by 145.7% during the first quarter. Bank of America Corp DE now owns 1,763,194 shares of the industrial products company’s stock worth $40,042,000 after acquiring an additional 1,045,661 shares in the last quarter. Finally, Appian Way Asset Management LP purchased a new stake in shares of O-I Glass during the second quarter worth $15,270,000. 91.29% of the stock is owned by institutional investors.

O-I Glass Trading Down 2.0 %

NYSE OI opened at $16.07 on Friday. The stock’s 50-day simple moving average is $15.59 and its two-hundred day simple moving average is $16.82. O-I Glass, Inc. has a twelve month low of $13.56 and a twelve month high of $23.57. The company has a quick ratio of 0.87, a current ratio of 1.23 and a debt-to-equity ratio of 2.69. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of -21.43, a PEG ratio of 1.16 and a beta of 1.32.

O-I Glass (NYSE:OIGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. O-I Glass had a positive return on equity of 24.90% and a negative net margin of 1.45%. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. Research analysts forecast that O-I Glass, Inc. will post 2.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Citigroup downgraded O-I Glass from a “buy” rating to a “neutral” rating and increased their target price for the stock from $17.00 to $18.00 in a research report on Wednesday, January 3rd. Barclays lowered their price objective on O-I Glass from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 2nd. UBS Group initiated coverage on O-I Glass in a research report on Tuesday, January 16th. They issued a “buy” rating and a $26.00 price objective on the stock. StockNews.com upgraded O-I Glass from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, TheStreet downgraded O-I Glass from a “b-” rating to a “c-” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, O-I Glass presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

View Our Latest Analysis on O-I Glass

About O-I Glass

(Free Report)

O-I Glass, Inc, through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine.

Featured Articles

Want to see what other hedge funds are holding OI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O-I Glass, Inc. (NYSE:OIFree Report).

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

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.