O-I Glass, Inc. (NYSE:OI) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its holdings in O-I Glass, Inc. (NYSE:OI) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 88,322 shares of the industrial products company’s stock after selling 3,809 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.06% of O-I Glass worth $1,447,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Cooper Creek Partners Management LLC raised its holdings in O-I Glass by 39.6% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 2,200,187 shares of the industrial products company’s stock valued at $36,809,000 after acquiring an additional 623,705 shares during the last quarter. Luminus Management LLC raised its holdings in O-I Glass by 69.4% in the 3rd quarter. Luminus Management LLC now owns 2,140,678 shares of the industrial products company’s stock valued at $35,814,000 after acquiring an additional 877,172 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in O-I Glass by 132.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,002,867 shares of the industrial products company’s stock valued at $32,807,000 after acquiring an additional 1,141,680 shares during the last quarter. American Century Companies Inc. raised its holdings in O-I Glass by 7.8% in the 3rd quarter. American Century Companies Inc. now owns 1,672,400 shares of the industrial products company’s stock valued at $27,979,000 after acquiring an additional 121,495 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in O-I Glass by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,516,423 shares of the industrial products company’s stock valued at $25,370,000 after acquiring an additional 21,415 shares during the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

O-I Glass Trading Up 1.4 %

NYSE:OI opened at $15.07 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 2.69. The company has a 50 day moving average price of $16.02 and a 200 day moving average price of $15.61. O-I Glass, Inc. has a fifty-two week low of $13.56 and a fifty-two week high of $23.57.

O-I Glass (NYSE:OI) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. O-I Glass had a negative net margin of 1.45% and a positive return on equity of 24.90%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company posted $0.38 EPS. As a group, equities analysts forecast that O-I Glass, Inc. will post 2.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on OI shares. TheStreet cut shares of O-I Glass from a “b-” rating to a “c-” rating in a research note on Tuesday, February 6th. Barclays increased their price target on shares of O-I Glass from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 13th. UBS Group started coverage on shares of O-I Glass in a research note on Tuesday, January 16th. They issued a “buy” rating and a $26.00 price target for the company. Truist Financial reissued a “buy” rating and issued a $20.00 price target on shares of O-I Glass in a research note on Monday, March 25th. Finally, Citigroup cut shares of O-I Glass from a “buy” rating to a “neutral” rating and increased their price target for the company from $17.00 to $18.00 in a research note on Wednesday, January 3rd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.67.

O-I Glass Company Profile

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.