Investors Buy Large Volume of Call Options on O-I Glass (NYSE:OI)

O-I Glass, Inc. (NYSE:OI) was the target of unusually large options trading activity on Wednesday. Traders purchased 2,354 call options on the company. This is an increase of 3,039% compared to the average daily volume of 75 call options.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on OI shares. Weiss Ratings reissued a “sell (d-)” rating on shares of O-I Glass in a research report on Thursday, January 22nd. Truist Financial reduced their price target on shares of O-I Glass from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday. Wells Fargo & Company lowered shares of O-I Glass from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $18.00 to $13.00 in a research report on Friday, March 20th. Royal Bank Of Canada reduced their price target on shares of O-I Glass from $19.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Finally, Citigroup cut their price objective on shares of O-I Glass from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, O-I Glass currently has a consensus rating of “Hold” and a consensus target price of $16.11.

Hedge Funds Weigh In On O-I Glass

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of O-I Glass by 3.7% in the third quarter. Vanguard Group Inc. now owns 19,349,218 shares of the industrial products company’s stock valued at $250,959,000 after purchasing an additional 691,989 shares during the period. Dimensional Fund Advisors LP raised its position in shares of O-I Glass by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,509,444 shares of the industrial products company’s stock valued at $125,600,000 after purchasing an additional 277,205 shares during the period. Alliancebernstein L.P. raised its position in shares of O-I Glass by 0.7% in the third quarter. Alliancebernstein L.P. now owns 7,996,786 shares of the industrial products company’s stock valued at $103,718,000 after purchasing an additional 56,945 shares during the period. Geode Capital Management LLC raised its position in shares of O-I Glass by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 3,783,387 shares of the industrial products company’s stock valued at $55,852,000 after purchasing an additional 22,430 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of O-I Glass by 288.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,215,632 shares of the industrial products company’s stock valued at $47,463,000 after purchasing an additional 2,388,299 shares during the period. Institutional investors own 97.24% of the company’s stock.

O-I Glass Price Performance

Shares of OI opened at $10.42 on Friday. The firm has a market cap of $1.60 billion, a PE ratio of -12.40, a PEG ratio of 0.89 and a beta of 0.84. The firm’s 50 day moving average price is $12.17 and its 200 day moving average price is $13.28. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.77 and a current ratio of 1.25. O-I Glass has a twelve month low of $9.84 and a twelve month high of $16.91.

O-I Glass (NYSE:OI) last issued its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.52 billion. O-I Glass had a negative net margin of 2.01% and a positive return on equity of 18.07%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) earnings per share. As a group, research analysts expect that O-I Glass will post 1.33 EPS for the current fiscal year.

Key O-I Glass News

Here are the key news stories impacting O-I Glass this week:

• Positive Sentiment: Truist trimmed its price target from $20 to $15 but maintained a “Buy” rating, implying sizable upside from current levels and providing some support to the stock. Truist price target cut (Benzinga)
• Positive Sentiment: Unusual options activity: roughly 2,354 calls were bought — a ~3,039% jump versus average — signaling short-term bullish/speculative interest that can lift the stock if momentum continues. (No article)
• Neutral Sentiment: Analysts overall show mixed-to-cautious stances: a consensus “Hold” appears in recent coverage and some brokerage notes are mixed, so market views are not uniformly bearish. O-I Glass draws mixed brokerage ratings (Kalkine)
• Negative Sentiment: Zacks Research cut multiple quarterly and full?year EPS forecasts (Q1–Q4 and FY2026–FY2028 items) and maintains a “Strong Sell” rating — a broad set of downward revisions that materially hurts near?term expectations and likely pressured the share price.
• Negative Sentiment: Citigroup issued a pessimistic forecast for O?I Glass, adding to negative analyst commentary and dampening investor confidence. Citigroup pessimistic forecast (American Banking News)

About O-I Glass

O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.