O-I Glass, Inc. $OI Shares Bought by Private Management Group Inc.

Private Management Group Inc. lifted its position in shares of O-I Glass, Inc. (NYSE:OI) by 6.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,083,693 shares of the industrial products company’s stock after acquiring an additional 189,939 shares during the period. Private Management Group Inc. owned 2.01% of O-I Glass worth $29,696,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in O-I Glass during the 2nd quarter valued at about $225,727,000. Alliancebernstein L.P. increased its stake in shares of O-I Glass by 194.6% in the second quarter. Alliancebernstein L.P. now owns 7,939,841 shares of the industrial products company’s stock valued at $117,033,000 after purchasing an additional 5,244,440 shares during the period. Bank of America Corp DE bought a new stake in shares of O-I Glass during the second quarter valued at approximately $33,436,000. Cooper Creek Partners Management LLC raised its holdings in shares of O-I Glass by 73.8% during the first quarter. Cooper Creek Partners Management LLC now owns 7,006,293 shares of the industrial products company’s stock valued at $73,636,000 after buying an additional 2,975,181 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of O-I Glass during the fourth quarter worth approximately $40,090,000. Institutional investors and hedge funds own 97.24% of the company’s stock.

O-I Glass Stock Performance

OI opened at $7.39 on Friday. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -0.98, a price-to-earnings-growth ratio of 2.63 and a beta of 0.66. The company has a debt-to-equity ratio of 8.89, a current ratio of 1.26 and a quick ratio of 0.77. O-I Glass, Inc. has a 1-year low of $6.29 and a 1-year high of $16.91. The business has a 50 day moving average price of $8.32 and a two-hundred day moving average price of $9.85.

O-I Glass (NYSE:OI) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.15). O-I Glass had a negative net margin of 18.13% and a positive return on equity of 10.40%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the business posted $0.53 earnings per share. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. Research analysts predict that O-I Glass, Inc. will post 0.39 EPS for the current fiscal year.

More O-I Glass News

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

• Positive Sentiment: Zacks Research raised its FY2028 EPS forecast slightly to $2.67 from $2.66. It also increased estimates for Q1 2028 to $0.67 from $0.66, Q2 2028 to $0.75 from $0.72, and Q4 2027 to $0.31 from $0.21, indicating expectations for stronger longer-term earnings growth.
• Neutral Sentiment: Zacks maintained a “Hold” rating on O-I Glass. Its projected FY2028 EPS of $2.67 is considerably above the $0.26 estimate for FY2026, but the forecast remains several years out and may be subject to significant execution and industry risks.
• Negative Sentiment: Near-term estimates were reduced: FY2026 EPS fell to $0.26 from $0.37, Q3 2026 to $0.07 from $0.14, Q4 2026 to $0.05 from $0.09, and Q1 2027 to $0.24 from $0.30. Q2 2027 was also lowered to $0.38 from $0.42, signaling pressure on near-term earnings.
• Negative Sentiment: The estimate reductions follow O-I Glass’s latest quarterly results, which missed analysts’ EPS expectations and showed year-over-year revenue decline. The company’s high leverage and negative net margin add to the risk if operating performance remains weak.

Wall Street Analyst Weigh In

OI has been the subject of a number of recent analyst reports. UBS Group decreased their price objective on O-I Glass from $15.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Royal Bank Of Canada lowered O-I Glass from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $10.00 to $8.00 in a research report on Thursday, August 13th. Truist Financial decreased their price target on O-I Glass from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Wells Fargo & Company lowered their price target on O-I Glass from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. Finally, Bank of America restated an “underperform” rating and set a $11.00 price objective on shares of O-I Glass in a research note on Tuesday, July 14th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.31.

O-I Glass Company Profile

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.