KBC Group NV Purchases 2,309 Shares of O-I Glass, Inc. (NYSE:OI)

KBC Group NV lifted its position in O-I Glass, Inc. (NYSE:OI) by 42.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,740 shares of the industrial products company’s stock after acquiring an additional 2,309 shares during the quarter. KBC Group NV’s holdings in O-I Glass were worth $84,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in O-I Glass by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,568,443 shares of the industrial products company’s stock valued at $46,827,000 after buying an additional 37,238 shares in the last quarter. Private Management Group Inc. lifted its holdings in O-I Glass by 20.8% during the 3rd quarter. Private Management Group Inc. now owns 3,025,731 shares of the industrial products company’s stock valued at $39,698,000 after buying an additional 520,452 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in O-I Glass during the 3rd quarter valued at about $32,350,000. Highland Peak Capital LLC bought a new stake in O-I Glass during the 3rd quarter valued at about $27,132,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in O-I Glass by 7.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,823,138 shares of the industrial products company’s stock valued at $23,920,000 after buying an additional 130,422 shares in the last quarter. Institutional investors own 97.24% of the company’s stock.

O-I Glass Stock Down 0.6 %

NYSE:OI opened at $11.48 on Monday. The company has a market cap of $1.77 billion, a PE ratio of -16.16, a P/E/G ratio of 0.23 and a beta of 1.22. O-I Glass, Inc. has a twelve month low of $9.85 and a twelve month high of $17.58. The company has a current ratio of 1.15, a quick ratio of 0.77 and a debt-to-equity ratio of 3.78. The company’s 50 day moving average is $11.04 and its two-hundred day moving average is $11.97.

O-I Glass (NYSE:OI) last released its earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. O-I Glass had a negative net margin of 1.62% and a positive return on equity of 8.27%. Analysts anticipate that O-I Glass, Inc. will post 1.36 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of O-I Glass from $14.00 to $15.00 and gave the company a “buy” rating in a report on Monday, January 6th. Citigroup decreased their price objective on shares of O-I Glass from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, January 6th. StockNews.com raised shares of O-I Glass from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Wells Fargo & Company cut their target price on shares of O-I Glass from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Barclays cut their target price on shares of O-I Glass from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.38.

O-I Glass 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.