13,596 Shares in O-I Glass, Inc. $OI Purchased by Entropy Technologies LP

Entropy Technologies LP purchased a new stake in shares of O-I Glass, Inc. (NYSE:OI) in the second quarter, Holdings Channel.com reports. The firm purchased 13,596 shares of the industrial products company’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of O-I Glass in the first quarter valued at approximately $30,000. GAMMA Investing LLC raised its position in O-I Glass by 31.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,403 shares of the industrial products company’s stock valued at $50,000 after buying an additional 820 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in O-I Glass during the 1st quarter valued at $85,000. AlphaQuest LLC boosted its holdings in O-I Glass by 1,392.5% during the 2nd quarter. AlphaQuest LLC now owns 7,716 shares of the industrial products company’s stock worth $114,000 after acquiring an additional 7,199 shares during the last quarter. Finally, CWM LLC grew its stake in shares of O-I Glass by 623.9% in the 1st quarter. CWM LLC now owns 8,390 shares of the industrial products company’s stock worth $96,000 after acquiring an additional 7,231 shares in the last quarter. 97.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OI has been the topic of a number of recent analyst reports. Truist Financial dropped their price target on shares of O-I Glass from $21.00 to $17.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Wells Fargo & Company lifted their target price on shares of O-I Glass from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Weiss Ratings restated a “sell (d-)” rating on shares of O-I Glass in a research note on Wednesday, October 8th. Bank of America raised O-I Glass from a “neutral” rating to a “buy” rating and increased their price target for the company from $14.00 to $17.00 in a research report on Monday, November 17th. Finally, Zacks Research lowered O-I Glass from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.67.

O-I Glass Stock Performance

Shares of OI opened at $13.45 on Thursday. O-I Glass, Inc. has a 1 year low of $9.23 and a 1 year high of $16.04. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.24 and a quick ratio of 0.77. The stock’s fifty day moving average price is $12.57 and its two-hundred day moving average price is $13.33. The firm has a market cap of $2.07 billion, a PE ratio of -8.15, a PEG ratio of 0.22 and a beta of 0.89.

O-I Glass (NYSE:OI) last announced its quarterly earnings data on Wednesday, March 1st. The industrial products company reported $0.36 earnings per share for the quarter. O-I Glass had a positive return on equity of 13.70% and a negative net margin of 3.95%.The company had revenue of $1.59 billion during the quarter. On average, equities research analysts forecast that O-I Glass, Inc. will post 1.33 EPS for the current year.

About O-I Glass

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.